Welcome page Returning Candidate? Log back in! Non-QM Underwriter ID 2024-6537 Category Operations Type Regular Full-Time Overview

PRMG is looking for an experienced Remote Non-QM Underwriter to join it's corporate specialized Non-QM Underwriting team. This role is 100% remote and offers a competitve salary plus overtime and a Non-QM Underwriting Monthly Production Bonus. PRMG is one the largest privately owned Mortgage Banks in the Nation and been established for over 20 years. Our company offers industry leading stability/security. When every other Mortgage bank closed during the 2008 financial crash, PRMG grew considerably.

 

This role will be responsible for the prudent underwriting of Non-QM loans in accordance with company and investor guidelines. The duties for Non-QM Underwriter include, but are not limited to, those described below. 

Essential Job Functions:

Communication: Liaises among borrowers, investors and escrow companies to communicate decisions on loans.Organization: Ensures loan files are complete with all outstanding issues addressed.Equipment: Uses such office equipment as computer terminals, copiers and FAX machines.Physical: Sits for extended time periods. Hearing and vision within normal ranges. Responsibilities Completes a thorough analysis of loan files to determine compliance with company and investor guidelines.Evaluates the entire credit package and collateral for residential mortgage loans and ultimately ensures an “investment” quality loan product.Checks accuracy of all calculations and data integrity.Completion of all required underwriting worksheets found in FastTrac 360 Resource Center.Recommends the loan disposition to underwriting manager for loan amounts in excess of authority limitation.Maintains company standard for productivity level and complies with company policy of 48 hour underwriting turnaround time and 24 hour turnaround time for clearing conditions.Strives to meet 2 decisions/day within allotted time.Communicates decision on loans to appropriate parties both verbally and in writing.Maintains underwriting activity logs and provides monthly underwriting report to underwriting manager.Frontline underwriting of non-QM loan products.Perform a thorough analysis of the applicant's income and expense data, asset documentation, credit reports, and property valuations.Performing manual underwriting, requiring a detailed familiarity with various loan programs.Executing an appraisal analysis to determine that acceptable collateral standards are met.Additional related duties may be assigned, as required.Available to processors for general guideline interpretations and questions on specific loan files.Responds to post closing reviews and audits in a timely fashion.Performs related duties, as directed by Underwriting or Operations Manager. Qualifications Minimum five years of recent NON-QM mortgage underwriting experience, with solid working knowledge of underwriting guidelines to include FNMA, FHLMC, and NON-QM Investors.Ability to review & calculate complex personal and/or business financials and tax profiles.Excellent written and verbal communication.Experience working in a fast-paced team environment.Encompass loan origination system experience required 5+ years

Skills:

Strong interpersonal-communication and business-relationship skillsDetail orientedExcellent written and verbal communication skillsTechnologically proficient in MS Windows software

Education:

High school diploma

Travel:

None Min USD $85,000.00/Yr. Max USD $100,000.00/Yr. Options Apply for this job onlineApplyShareEmail this job to a friendRefer Sorry the Share function is not working properly at this moment. Please refresh the page and try again later. Share on your newsfeed Application FAQs

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