NONQM Wholesale Mortgage Underwriter

REAL TPO LLC; Los Angeles (CA); Vor Ort; USD 120.000 - 180.000; Vollzeit

Zusammenfassung

Real TPO is seeking a Senior Underwriter specializing in Non-QM and Non-Agency loans to support our growing Los Angeles team. This on-site role requires deep manual credit analysis, review of tax documents, assets, and property details to determine borrower eligibility in line with investor and company guidelines.

You will underwrite Non-QM and Non-Agency loans, use AUS/LOS systems, and provide clear written explanations for decisions.

Qualifikationen

• Minimum 5 years of recent experience underwriting Non-QM loans in the mortgage industry.
• Experience with manual guidelines and credit analysis.
• Proficiency in evaluating complex financial documents and income tax returns.

Aufgaben

• Underwrite Non-QM and Non-Agency loans manually.
• Review borrower files, assets, and income to determine eligibility.
• Interpret DU/LP results to ensure investor and company guidelines.
• Utilize AUS and LOS to validate loan applications.
• Recommend loan approvals or denials with rationale.
• Assist sales and partners in structuring eligible loans.

Kenntnisse

Underwriting experience

Non-QM underwriting

Analytical skills

Communication skills

Independent and collaborative

Ausbildung

High school diploma or equivalent

Bachelor's degree preferred

Tools

AUS

LOS

MS Office

Jobbeschreibung

Job Description

Job Description

Real TPO is a leading National Mortgage Lender based in Los Angeles, CA, offering a dynamic work environment, competitive pay, and ample career growth opportunities. We are seeking passionate, dedicated professionals to join our team and make a meaningful impact in the mortgage industry.

We are currently looking for an experienced Senior Underwriter specializing in Non-QM and Non-Agency loans to support our growing team at Real TPO. This role requires a deep understanding of manual credit analysis and underwriting across a broad spectrum of loan types, including DSCR, Bank Statement, P&L, WVOE, 1099, and Asset Utilization loans. The successful candidate will play a critical role in assessing borrower creditworthiness and ensuring our loan decisions align with investor and company guidelines.

Key Responsibilities:

• Underwriting and Analysis : Manually underwrite Non-QM and Non-Agency loans, including review of borrower credit files, assets, capacity, and property information to determine eligibility. Analyze complex income tax returns to establish qualifying income.
• Loan Evaluation : Review consumer home loan applications, validate supporting documentation, and assess the borrower’s ability to repay mortgage debt. Ensure compliance with investor guidelines for Non-QM and agency loans.
• System Management : Utilize automated underwriting systems (AUS) and Loan Origination Systems (LOS) to validate loan applications. Update systems to ensure accuracy of information, including title, value, income, asset, and fraud reports.
• Decision Making : Recommend approval or denial of loan applications and provide both verbal and written explanations for decisions. Re-underwrite loans when additional documentation is received.
• Quality Control : Run and review quality control tools such as FraudGuard and Early Check. Interpret and analyze DU/LP results to ensure loan meets all necessary guidelines.
• Collaboration : Act as the subject matter expert (SME) to assist sales and business partners in structuring eligible loans in conjunction with third-party originators.
• Production Goals : Maintain production standards and goals set by management, ensuring timely and efficient loan processing.
• Post-Closing Support : Assist in resolving any post-closing suspense issues as required.
• Documentation : Complete necessary underwriting worksheets and checklists, such as Income Worksheets and QM/ATR checklists, ensuring all relevant information is accurately documented.

Qualifications:

• Minimum 5 years of recent experience underwriting Non-QM loans in the mortgage industry, including manual guidelines.
• High school diploma or equivalent required; college degree preferred.
• Experience with automated underwriting systems (AUS) and Loan Origination Systems (LOS).
• Proficiency in Microsoft Office (Word, Excel, Outlook) and internet browsers.
• Strong organizational, analytical, and problem-solving skills.
• Ability to work independently and collaboratively within a team.
• FHA and VA underwriting experience a plus.
• Ability to evaluate complex financial documents, such as income tax returns, to determine loan eligibility.
• Experience with reviewing and interpreting fraud reports and title information.
• Position is on-site at our Los Angeles, CA location; remote work is not available.

If you're an experienced underwriter with a passion for providing outstanding customer service and a keen eye for detail, we invite you to join our team and make an impact at Real TPO.

Company Description

Fun environment with lots of local restaurants, shops and bars. Located in the heart of Los Feliz, adjacent to Hollywood.

Company Description

Fun environment with lots of local restaurants, shops and bars. Located in the heart of Los Feliz, adjacent to Hollywood.