Non QM Underwriter - Remote

Benchmark Mortgage (NMLS #2143); Plano (TX); On-site; USD 95,000 - 120,000; Full time

Job summary

Benchmark Mortgage in Plano, TX is seeking a Wholesale Non-QM Underwriter to review and underwrite Non-QM mortgage loan applications and property appraisals, ensuring alignment with regulatory guidelines.

The ideal candidate will have five years of mortgage underwriting experience, including three years in Non-QM loans with complex income analysis, and possess strong communication and organizational skills to manage a busy pipeline.

Qualifications

• Knowledge of RESPA, TILA and related regulatory requirements.
• Strong communication, organizational, and problem-solving abilities.
• Experience with Non-QM products and complex income analysis is required.
• Ability to work across organizational boundaries and manage multiple tasks.

Responsibilities

• Analyze and underwrite Non-QM mortgage loans within guidelines.
• Manage loan conditions and recommend waivers or eligibility exceptions.
• Communicate with loan originators and processors about status and conditions.
• Maintain a loan pipeline with adherence to SLAs.
• Stay current on loan program requirements and document reviews.

Skills

Regulatory knowledge (RESPA, TILA)

Strong communication

Excellent organizational skills

Detail-oriented

Cross-functional collaboration

Decision making

Problem solving

Critical thinking

Prioritize & multitask

Understanding of Non-QM products

Education

High school diploma or equivalent

Some college preferred

Job description

Position Overview

Wholesale Non-QM Underwriter

The Wholesale Non-QM Underwriter reviews and underwrites Non-QM mortgage loan applications and property appraisals and evaluates the loans to minimize risk or loss within regulatory guidelines.

Ideal candidates for this position will be experienced underwriting Non-QM loans, highly detail-oriented, and familiar with loan program guidelines.

Essential Functions of the Role

• Analyze and underwrite Non-QM mortgage loans within compliance guidelines and approved seller variances.
• Manage loan conditions and provide recommendations for underwriting waiver and eligibility exceptions.
• Communicate with loan originators and processors regarding loan status, approvals, suspensions, denials, and conditions.
• Maintain a pipeline of loans adhering to posted service level agreements.
• Remain current on loan program requirements and review documents for compliance.
• Other duties as assigned.

Classification: Full Time, Non-Exempt

Essential Knowledge/Skills/Abilities

• Knowledge of regulatory requirements (RESPA, TILA, etc.)
• Strong communication skills
• Excellent organizational skills
• Highly detail-oriented
• Ability to work across organizational boundaries
• Strong decision making skills
• Advanced problem solving capabilities
• Strong critical thinking skills
• Proven ability to prioritize and multi-task
• Understanding of Non-QM products

Experience Requirements

• Minimum of five (5) years of mortgage underwriting experience required.
• Minimum of three (3) years of underwriting Non-QM loans with complex income analysis required.
• National bond program experience preferred.

Education / Licensing Requirements

• High school diploma or equivalent required. Some college preferred.

Working Conditions

• Fast-paced environment.
• Requires normal vision (corrected) both close and distant.
• Requires normal hearing levels (corrected).
• Requires working at a desk to use a phone and computer for extended periods of time.
• Requires sitting, bending.
• Works effectively with frequent interruptions.
• Lifting requirements of 10 lbs. occasionally.

Minimal travel