Non-QM Underwriting Manager

NQM Funding; United States; Remote; USD 135,000 - 150,000; Full time

Job summary

NQM Funding, a leader in Non-QM lending, is seeking a Non-QM Underwriting Manager to oversee and develop an underwriting team. This role involves managing workflow, ensuring compliance with standards, and fostering strong relationships internally and externally to meet business goals. The ideal candidate will have extensive experience in underwriting, particularly in Non-QM, and a commitment to excellence in service delivery.

Benefits

Medical Plan

Dental Plan

Vision Plan

GAP Insurance

Life Insurance paid by the company

401K

Qualifications

• Minimum 7 years experience in financial services.
• 2+ years of NonQM experience required.
• 3+ years underwriting management experience.

Responsibilities

• Manage and develop an analytical underwriting team.
• Monitor the pipeline to ensure timely loan decisions.
• Assist in resolving loan level escalations.

Skills

Credit risk

Business finance

Risk management

Attention to detail

Problem-solving

Relationship building

Team leadership

Education

Bachelor’s degree in business or finance

Job description

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Join to apply for the Non-QM Underwriting Manager role at NQM Funding, LLC

Are you ready to advance your career in a dynamic, industry-leading environment? Join NQM Funding, LLC, a top secondary market investor renowned for our expertise and innovation in the Non-QM space. We operate both wholesale and correspondent channels, backed by our strong partnership with a global investment management firm. At NQM Funding, LLC, we offer cutting-edge programs, exceptional service, and highly competitive pricing.

By joining our team, you’ll have the opportunity to work with a focused and passionate group of professionals who are committed to shaping the future of Non-QM lending. We offer an environment where your expertise is valued and your career aspirations can flourish. If you’re looking for a place to grow and make a tangible impact in the industry, NQM Funding, LLC is the perfect fit for you. Apply now to be part of a company that’s redefining excellence in Non-QM lending!

Our TPO Division is looking to hire a Non-QM Underwriting Manager.

ALL REMOTE POSITIONS REQUIRE A DOWNLOAD SPEED OF NO LESS THAN 50 MBPS.

Job Title Non-QM Underwriting Manager

Reports To AVP Non-QM Underwriting

FLSA Status Exempt

Department TPO Underwriting

Division TPO

Salary Range $135K to $150K

Summary Responsible for the management of an underwriting team supporting non-QM production. The Underwriting Manager will partner with operations, sales and our clients to effectively support the business, ensuring SLAs are met and helping to resolve loan level escalations in a timely manner while finding solutions for loans in process.

Duties and Responsibilities include the following.

• Manage and develop a highly analytical underwriting team
• Assign and prioritize workflow for team members
• Monitor the pipeline and ensure loan decisions are issued within SLAs
• Provide assistance and direction with complicated files
• Complete second level loan reviews for team members
• Assist underwriters, operations and origination partners with loan level escalations and work towards resolution of those escalations
• Communicate loan decisions in a timely manner to all parties
• Ability to manually underwrite complex transactions to ensure the loan meets established underwriting guidelines.
• Compute income and debt ratio calculations following program guidelines and ability to repay requirements.
• Perform mortgage credit analysis with or without the assistance of an automated underwriting system and ensure lending decisions follow company guidelines and policies.
• Perform detailed analysis and review of appraisal for one-to-four family residential, 5–10-unit properties and mixed-use properties to determine acceptability of security for loan programs.
• Review loan documents for accuracy and consistency and address discrepancies as necessary.
• Issue loan decisions to our business partners in a clear and concise manner.
• Document decisions via loan origination platform and complete all final loan decision forms as required.
• Prepare reports detailing risk assessment findings and other data that contribute to lending decisions
• Conduct risk assessments on potential clients based on previous borrowing history, credit rating, industry experience and other factors.
• Provide mentoring, training and second signature on loans for underwriters attaining increased level of authority to include non-agency / non-QM loans.
• Performs other related duties as assigned.
  
  

Skills

• Strong knowledge of credit risk, business finance, capital funding, contracts, and partnerships.
• Sound understanding of risk management.
• Effective attention to detail and a high degree of accuracy.
• High level of integrity, confidentially, and accountability.
• Results oriented, problem solver, strategic thinker and planner.
• Driven to help profitably grow company sales.
• Strong relationship builder internally and externally.
• Effectively communicate business performance at all levels.
• Motivated to develop and mentor people.
• Proven ability to lead and develop a strong team.
• Good listener and advisor.
  
  

Education/Experience

• Bachelor’s degree in business or finance, or equivalent work experience
• Minimum of 7 years of experience within the financial services industry in progressively more responsible positions.
• 2+ years of Current NonQM Experience Required, with an expertise in analyzing Bank Statements, DSCR, P&L Only, Asset Utilization, and Mixed Use Transactions
• 3+ years of Underwriting Management Experience Required
• Wholesale or Correspondent Experience Required
  
  

NQM Funding, LLC Offers The Following Benefits

• Medical Plan
• Dental Plan
• Vision Plan
• GAP Insurance
• Life Insurance paid by the company
• Voluntary Life Insurance
• 401K
• Pet Insurance
• Legal Shield/ID Shield
  
  

Equal Employment Opportunity

NQM Funding, LLC management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment.

NQM Funding, LLC will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same.

NQM Funding, LLC will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to NQM Funding, LLC.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

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