Non QM Underwriter

Rate; United States; On-site; USD 85,000 - 120,000; Full time

Benefits offered by this job

401(k) participation

Vacation benefits

Medical insurance

Flexible spending accounts

Life insurance

Pet insurance

Job summary

A prominent mortgage lending firm is seeking a hard-working, dedicated Non QM Underwriter in the United States. You will be responsible for underwriting residential loans, ensuring compliance with company and investor standards. The role requires at least 7 years of mortgage underwriting experience and includes responsibilities such as examining loan documentations for accuracy. The company offers a comprehensive benefits program, including medical insurance, 401(k) participation, and various flexible benefits.

Qualifications

• 7+ years of mortgage underwriting experience.
• 5+ years of Jumbo & Non-QM underwriting experience.
• Experience with underwriting to multiple lender guidelines.

Responsibilities

• Underwrite residential loans ensuring compliance.
• Examine loan documentation for accuracy and completeness.
• Work with senior underwriters on loan exceptions.

Skills

Mortgage underwriting experience

Jumbo & Non-QM underwriting experience

Document examination accuracy

Credit, income, and asset review

Communication with loan originators

Tools

Encompass

GUS

Job description

Overview

Rate Companies is a leader in mortgage lending and digital financial services. Headquartered in Chicago, Rate Companies has more than 7,000 employees in over 850 branches across the U.S., serving all 50 states and Washington, D.C. Since its launch in 2000, Rate Companies has helped more than 1 million homeowners with home purchase loans and refinances, with a total loan volume of more than $116 billion in 2021. The company has cemented itself as an industry leader by introducing innovative technology, offering low rates and delivering unparalleled customer service. Honors and awards include: Top Lender for Online Service for 2018 by U.S. News & World Report; Best Mortgage Lender for Online Loans and Best Mortgage Lender for Refinancing by NerdWallet for 2021; HousingWire’s 2020 Tech100 award for the company’s industry-leading FlashClose technology; No. 3 ranking in Scotsman Guide’s 2021 list of Top Retail Mortgage Lenders; Chicago Agent Magazine’s Lender of the Year for six consecutive years; and Chicago Tribune’s Top Workplaces list for seven consecutive years. Visit rate.com for more information.

Role

What’s the Role?

We are currently seeking a hard-working, dedicated Non QM Underwriter to join our innovative and passionate team.

Responsibilities

• As an Underwriter you will be responsible for but not limited to the underwriting of residential loans ensuring compliance with appropriate company and investor standards.
• A Mortgage Underwriter will be responsible for examining loan documentations for accuracy and completeness while working with loan originator or production staff to secure all required documents.
• You may be required to work with more senior mortgage underwriters on loan exceptions having the authority to withdraw and decline loans.
• You may also be required to respond directly to individual and investor audits.
• Includes all levels of underwriting authority and exception levels.

Requirements

• 7+ years of mortgage underwriting experience.
• 5+ years of Jumbo & Non-QM underwriting experience.
• Experience with underwriting to multiple lender guidelines and requirements.
• Critically examine credit, income and asset documents and review title policy and appraisals.
• Encompass and GUS experience are preferred.

Rate is an Equal Opportunity Employer that welcomes and encourages all applicants to apply regardless of age, race, sex, religion, color, national origin, disability, veteran status, sexual orientation, gender identity and/or expression, marital or parental status, ancestry, citizenship status, pregnancy or other reason, as protected by law.

The company offers a comprehensive benefits program to eligible employees, including eligibility to participate in a company-sponsored 401(k); vacation benefits; eligibility for medical, dental, vision, and prescription drug benefits; flexible benefits (e.g., healthcare and/or dependent day care flexible spending accounts); life insurance and death benefits; critical care insurance; personal accidental insurance; commuter benefits; pet insurance; certain time off and leave of absence benefits; well-being benefits (e.g., employee assistance program); and other supplemental benefits (e.g. legal planning assistance; identity theft protection; pet insurance; wellness resources).

Please click this link to learn more about our benefit offerings for Washington State: https://www.rate.com/careers/open-positions/disclosures

Applications are being accepted on an ongoing basis.