Non QM Underwriter

Union Home Mortgage Corp.; United States; On-site; USD 75,000 - 110,000; Full time

Job summary

Union Home Mortgage Corp. is seeking an experienced underwriter to analyze loan applications based on credit, income, assets, appraisal reports and investor guidelines.

An underwriter makes sound decisions that mitigate risk to the company while ensuring quality standards and helping borrowers obtain homeownership. You will clear conditions, maintain 24–48 hour turn times, stay current on investor guideline changes, and assist partners with complex scenarios while upholding the highest level of

Qualifications

• 3+ years of experience as an Underwriter and complete knowledge of the mortgage business.
• Experience with Non QM/ FHA/ VA/ USDA/ Agency loans.
• Bachelor’s degree or equivalent work experience preferred.

Responsibilities

• Underwrite a minimum of 4 government and 6 conventional loans per day, per guidelines.
• Analyze borrower income, credit, assets, ratios and collateral for compliance.
• Maintain 24–48 hour turn times and clear UTC conditions within 24 hours.
• Stay updated on investors, agencies, HUD/VA/USDA overlays and guideline changes.
• Assist in developing underwriters and support staff as needed.

Skills

Analytical Skills

Risk Assessment

Decision Making

Attention to Detail

Encompass LOS

Communication Skills

Multitasking

Education

Bachelor's degree

Tools

Encompass LOS

Job description

This position is responsible for the timely and accurate analysis and evaluation of loan applications based on a borrower's credit, employment, income, financial data, and asset profile, along with the appraisal report, and investor guidelines. An underwriter makes sound decisions that mitigate risk to the company, adhere to quality standards, and maximize the borrower's chances of obtaining and sustaining homeownership.

At UHM, we understand diversity comes in many different forms. It’s our commitment to improve inclusion in the workplace through programs and policies that establish a positive and inclusive environment where every Partner, regardless of their background, can grow and excel. We value diversity, educate on equity, and create inclusive partner opportunities to ensure that you know #UBelongAtUHM!

DUTIES & RESPONSIBILITIES Are As Follows.

Responsible for underwriting a minimum of 4 new loans per day for government underwriters and 6 new loans per day for conventional underwriters (or as applicable to daily assigned tasks) while minimizing any risk to the company by thoroughly analyzing a borrower’s income, credit, assets, ratios and the collateral to ensure compliance with our investors, agencies, HUD, VA, USDA or HFAs, as applicable.

• Maintain 24-48 hour turn times.
• Responsible for clearing UTC conditions within 24 hours.
• Responsible for making counter offers on loans that do not conform to products under which they were originated.
• Responsible for remaining updated on all investors, agency, FHA, VA, and UHM guideline changes along with any overlays.
• Ensure the accuracy of all necessary criteria for specific loan types, products, rates, applicable documentation, and data.
• Maintain quality control ratings within company standards.
• Attend seminars to keep abreast of current market trends and developments.
• Sit in on roundtables when needed.
• Listen in on departmental huddles.
• Assist Account Executives, Broker Partners, and NDC clients, as applicable, with scenarios and explain any conditions that are not clear to them.
• Assist in the development of new Underwriters, Broker Coordinators, and Condition Underwriters.
• Additional responsibilities as required.

Qualifications

EDUCATION & EXPERIENCE

• 3+ years of experience as an Underwriter and complete knowledge of the mortgage business
• Experience with Non QM/ FHA/ VA/ USDA/ Agency loans
• Bachelor’s degree or equivalent work experience preferred

Skills Required

• Strong analytical skills, especially in credit and risk, along with decision making skills
• Effective interpersonal skills and technical report writing skills.
• Attention to detail.
• Knowledge of Encompass LOS a plus
• Shows work commitment
• Personal organization
• Adaptability and flexibility
• Ability to multi-task and meet strict deadlines.
• Fosters teamwork
• Uses sound judgement
• Comfortable using financial/ quantitative data.

This employer participates in E-Verify. If hired, the employer will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S.

Union Home Mortgage Corp. provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.