Non-QM Underwriter

Onity Group; West Palm Beach (FL); On-site; USD 90,000 - 105,000; Full time

Benefits offered by this job

Comprehensive benefits package

401(k) matching

Generous paid time off

Job summary

Onity Group in West Palm Beach, Florida is seeking experienced Non-QM Underwriters to support the growth of their Correspondent Lending business. The role involves reviewing and underwriting mortgage loans, ensuring compliance with guidelines.

Ideal candidates will have a minimum of three years of experience underwriting non-QM loans and strong knowledge of FNMA and FHLMC guidelines. Competitive salary range is $90,000 to $105,000, plus a performance-based bonus.

Qualifications

• Minimum three years mortgage experience underwriting non-QM loans.
• Ability to underwrite Non-QM and Non-Agency products.
• Good judgment with the ability to make timely, sound decisions.

Responsibilities

• Review and analyze mortgage loan applications.
• Make independent decisions regarding loan acceptance.
• Manage loans using Encompass.

Skills

Mortgage underwriting experience

Knowledge of FNMA and FHLMC guidelines

Ability to analyze complex financials

Proficiency with Encompass

Strong organizational and problem-solving skills

Bilingual skills

Job description

This position offers an exciting opportunity to play a crucial role in our Correspondent Lending business. We are hiring experienced Non-QM Underwriters to support the expansion of our rapidly growing non-delegated channel.

The Non-QM Mortgage Underwriter reviews, conditions, and underwrites mortgage loans in accordance with established policies and procedures and appropriate guidelines; examines all documentation for accuracy and completeness.

Responsibilities

• Review and analyze the mortgage loan application to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines to minimize risk factors
• Responsible for making independent decisions regarding acceptance and risk of loans according to FNMA, FHLMC, PHH, and applicable Non-QM investor guidelines
• Approves loans, issues alternative options or adverse actions accordingly
• Adheres to all applicable internal PHH Mortgage policies and procedures.
• Meets determined service level time frame requirements set by management.
• Work with staff and management to find solutions on escalated loans
• Manage loans by using all functions of Encompass
• Effectively communicate underwriting decisions to Seller
• Maintain high level of customer service and communication both internally and externally
• Other duties as assigned.

Qualifications

• Minimum three years mortgage experience underwriting non-QM loans
• Working knowledge of FNMA and FHLMC and Non-QM guidelines
• Ability to review and calculate complex personal and or business financials
• Ability to underwrite Non-QM and Non-Agency products, including but not limited to bank statement income analysis, Asset Depletion, and DSCR
• Ability to review credit reports, preliminary title reports, judgements, bankruptcy documents, appraisals and any additional applicable credit documents
• Correspondent Lending experience preferred
• Strong working knowledge of Encompass
• Ability to effectively present information and respond to questions both internally and externally in a professional, articulate, and respectful manner.
• Strong organizational, problem-solving, and analytical skills
• Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm
• Consistently meets or exceeds established minimum productivity and quality goal
• Proven ability to handle multiple projects and meet deadlines
• Good judgment with the ability to make timely and sound decisions
• Bilingual skills a plus
• FHA and VA a plus

Training and Licensing Requirements

• Must pass the Company’s Background Screening process prior to beginning employment. Additionally, as a condition of employment, you may be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable.

The salary range for this position is expected to be $90,000 – $105,000 per year, depending on geographic location, experience, and other qualifications of the successful candidate. This position is also eligible for monthly bonus based on performance and subject to the terms of the Company’s applicable plans.

Onity Group Inc. offers a comprehensive benefits package including medical, dental and vision; up to 3% match on 401(k) contributions; generous paid time off; company-paid life, accident and disability coverage; programs for mental, physical and financial wellness; and more.

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know.