What are the responsibilities and job description for the Senior Underwriter NonQM/Non-Agency position at JBA International?
Description
CAKE Mortgage is a cutting-edge wholesale mortgage lender specializing in Non-QM products. We're redefining the lending experience with innovative programs, streamlined processes, and a commitment to speed and precision. As we grow, we're looking for forward-thinking professionals who thrive in fast-paced, collaborative environments.
We are seeking a certified Senior Underwriter NonQM and Non-Agency to join our team here at Cake Mortgage. These individuals will have extensive background making manual credit decisions on a broad spectrum of loans on a delegated basis to include experience working with DSCR, Bank Statement, P&L, WVOE, 1099, and Asset Utilization loans.
Key Responsibilities
We are seeking a certified Senior Underwriter NonQM and Non-Agency to join our team here at Cake Mortgage. These individuals will have extensive background making manual credit decisions on a broad spectrum of loans on a delegated basis to include experience working with DSCR, Bank Statement, P&L, WVOE, 1099, and Asset Utilization loans.
Key Responsibilities
- This is an in-office role ONLY
- Be primary point of contact as subject matter expert (SME) assisting salesforce and business partners in structuring eligible loans in conjunction with the Company’s third-party originators.
- Interpret and provide appropriate loan solutions for NonQM/Non-Agency loan requests
- Analyze borrower’s credit file, collateral and capacity to ensure credit-worthiness
- Perform manual underwriting review to ensure loan meets all product and property guidelines of Company and investors, as well as compliance with corporate and secondary market investor standards.
- Underwrite Non-Agency/NonQM correspondent, wholesale/broker and retail loans in a timely manner to ensure loan meets all product and property guidelines of Company and investors, as well as meeting all established loan policies, credit limits and regulatory requirements.
- Clear conditions timely on loans; affirm data integrity on all submissions
- Identify potential misrepresentation or fraud.
- Keep up-to-date with all guideline changes and system enhancements.
Requirements
- Working knowledge of Non-Agency/NonQM underwriting guidelines demonstrated through a minimum of 5 years underwriting experience on Non-Agency/NonQM products
- Experience with DSCR, Bank statement, P&L Only, WVOE Only, 1099 Only
- Ability to read and comprehend new programs and underwriting guidelines
- FHA and VA underwriting experience preferred
- Working knowledge of Microsoft products
- Experience with LOS platform Encompass
- High attention to detail and effective problem-solving skills
- Ability to work independently, with minimal supervision
- Ability to multitask in a high-volume environment
- Excellent written and oral communication skills
- Continuous focus on the customer experience