Non-Agency Underwriter

Bayview Asset Management; Oregon; Hybrid; USD 90,000 - 115,000; Full time

Job summary

Bayview Asset Management is seeking a senior underwriting professional for a full-time remote role with a base in Denver, CO. The role requires extensive experience reviewing DSCR, jumbo, and bank statement loans and managing a loan-purchase pipeline.

You will coordinate with capital markets and policy teams to ensure credit decisions align with Bayview's origination and purchase policies, working closely with underwriting.

Qualifications

• Extensive knowledge of Mortgage Banking practices, procedures, and laws.
• Minimum 6 years in underwriting or underwriting auditor role.
• Comfortable negotiating complex issues and problem solving.
• Working knowledge of Word, Excel, Power Point.
• Effective verbal and written communications.
• Ability to establish and maintain working relationships with co-workers, staff, and external contacts.
• Proficiency in using AI tools to improve efficiency and analysis.

Responsibilities

• Provide eligibility support to a network of correspondent sellers.
• Approve exceptions as authorized.
• Foster strong relationships with sellers' underwriting and post-closing teams.
• Work with sellers to clear due diligence conditions.
• Ensure loan documents are accurate and sufficient to clear conditions for final loan approval.
• Review and evaluate loan files for risk issues and potential fraud/misrepresentation.
• Analyze appraisals for valuation accuracy.
• Perform any other duties as assigned by management.

Skills

Mortgage Banking knowledge

Underwriting expertise

Negotiation & problem solving

MS Office (Word, Excel, PowerPoint)

Effective communication

AI tools proficiency

Tools

AI tools for productivity

Job description

Overview

Founded in 1993, Bayview Asset Management is an investment management firm focused on investments in mortgage and consumer credit, including whole loans, asset-backed securities, mortgage servicing rights, and other credit-related assets.

Position Summary

This position is full-time based out of Denver, CO with ability to work fully remote. The candidate must have extensive experience reviewing DSCR, jumbo, and bank statement loans. This individual will be responsible for managing a pipeline and working directly with sellers to resolve conditions. In addition, responsibilities will include working closely with capital markets and credit policy teams to ensure loans are purchased in accordance with Bayview's origination and purchase policies and with the underwriting team to ensure consistency amongst credit decisions.

Essential Duties and Responsibilities

• Provide eligibility support to a network of correspondent sellers
• Approve exceptions as authorized
• Foster strong relationships with sellers' underwriting and post-closing teams
• Work with sellers to clear due diligence conditions
• Ensure loan documents are accurate, complete, and sufficient to clear all conditions for final loan approval
• Review and evaluate loan files for risk issues and potential for fraud/misrepresentation
• Analyze appraisals for valuation accuracy
• Any other assigned duties from management as necessary

Skills / Knowledge / Abilities

• Extensive knowledge of Mortgage Banking practices, procedures, and laws
• Strong understanding of the operational responsibilities involved in the purchase and sale/securitization of whole loan assets as it pertains to credit quality
• Comfortable negotiating complex issues and problem solving
• Working knowledge of Word, Excel, Power Point
• Effective verbal and written communications, including active listening and presenting findings and recommendations
• Ability to establish and maintain working relationships with co-workers, staff, and external contacts
• Work effectively in a professional team environmentDemonstrated proficiency in using AI tools to improve efficiency, streamline workflows, support research and analysis, and enhance the quality and accuracy of work.

Education and Experience

Minimum 6 years' experience in an underwriting or underwriting auditor role

Compensation and Location

• This role will be based remotely
• Base compensation is expected to be $90,000-$115,000

EEOC

Bayview is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.