Correspondent Underwriter

Job Summary

A company is looking for a Correspondent Underwriter.

Key Responsibilities:

• Review and assess non-QM loan applications to ensure compliance with underwriting guidelines and regulatory requirements
• Analyze borrower profiles and make underwriting decisions based on risk assessment in line with company and investor guidelines
• Act as a liaison with correspondent lenders, providing guidance on loan submissions and addressing inquiries

Required Qualifications:

• Minimum of 5 years of underwriting experience, including 2 years of manual underwriting experience with non-QM loans
• Ability to assess complex financial information and analyze personal and business tax returns and bank statements
• Familiarity with federal, state, and local mortgage lending laws, including compliance with RESPA, TRID, and HMDA
• Proficiency in underwriting software and loan origination systems, with experience in Encompass or Calyx preferred
• In-depth understanding of non-QM loan products and guidelines is preferred