Senior Non-QM Bulk Underwriter | Policy & Securitization

Redwood Trust, Inc.; Minneapolis (MN); On-site; USD 100,000 - 120,000; Full time

Benefits offered by this job

Discretionary bonus

Health plans

STD/LTD

Life insurance

Fitness reimbursement

Parental leave

PTO

ESPP

401K matching

Job summary

Redwood Trust, Inc. in Minnesota is seeking a Regular Full-Time Associate US to apply expert Non-QM mortgage underwriting and credit knowledge.

The role requires coordinating with internal teams and external partners to ensure accurate underwriting and strong client service. The ideal candidate has 7+ years of Non-QM underwriting experience, a Bachelor's degree, advanced Excel skills (pivot tables, VLOOKUP), and familiarity with loan origination systems.

Qualifications

• 7+ years of direct Non-QM underwriting experience.
• Bachelor's degree recommended.
• Expert underwriting knowledge for Non-QM and Jumbo products.
• Technically savvy with multiple systems; proficient with LOS and electronic docs.

Responsibilities

• Interpret Redwood, Agency and investor underwriting guidelines for internal and external parties.
• Coordinate with Compliance to ensure regulatory adherence.
• Collaborate with Aspire Credit Team to review and revise guidelines.
• Provide internal bulk underwriting resources and reports; use Excel pivot tables and VLOOKUPs.
• Escalate guideline and loan program questions; support audits of productivity.
• Coordinate with third-party due diligence firms to ensure quality reviews and clear communication.
• Support securitization and whole loan sales with necessary rebuttals and documentation.
• Suggest workflow efficiencies and assist in automated workflow development.

Skills

Non-QM underwriting

Jumbo mortgage

Excel

PowerPoint

Word

Communication

Analytical thinking

Problem solving

Education

Bachelor's degree

Tools

Loan Origination Systems

Automated Underwriting Engines

Electronic Document Management

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

*Regular Full-Time Associate US

30+ days ago Requisition ID: 1615

Salary Range: $100,000.00 To $120,000.00 Annually

Position Summary

This role requires expert Non-QM mortgage underwriting and credit knowledge, strong organizational skills, and a proven track record of excellent client service, sound judgment, and problem-solving. The successful candidate will work closely with internal teams (Credit, Capital Markets, Sales, IT) and external partners (third-party service providers, sellers).

Responsibilities and Duties

Credit Policy

• Act as the subject matter expert for internal and external parties in the accurate interpretation of Redwood, Agency, and investor underwriting guidelines.
• Coordinate with the Compliance Officer to ensure adherence to federal and state regulatory requirements.
• Collaborate with the Aspire Credit Team to review guidelines and identify and recommend credit policy and underwriting guideline revisions.

Provide Internal Bulk Underwriting Resources

• Maintain operational procedures and make suggested updates that optimize workflow efficiency for the bulk credit review process while providing excellent customer service.
• Serve as the first-level escalation point for guideline and loan program scenarios, exception requests, appraisal reviews, and related process questions.
• Provide summary reports and daily updates on all Aspire bulk transactions. Excel knowledge (ex. of pivot tables and vlookups) as well as basic power point skills are requirements.
• Monitor productivity to ensure performance standards are maintained, including underwriting audits.

Coordinate with Third-Party Resources

• Coordinate with and provide feedback to third-party due diligence firms to ensure quality loan reviews, acceptable service level standards, and clear communication.
• Participate in evaluating third-party services that manage loan risk and enhance productivity, including appraisal products, fraud and verification services, and credit evaluation tools.

Support for Securitization and Whole Loan Sales

• Provide rebuttals and corresponding documentation as needed for securitizations or loan sales to third parties.

Support of Process and Technology Development

• Provide recommendations for workflow efficiencies consistent with policies and process flows.
• Coordinate documentation and feedback with business analysts or project managers to support the development of automated workflows for efficient, scalable operations.

Required Experience & Education

• Minimum of 7+ years of recent, direct Non-QM underwriting experience.
• Bachelor's degree recommended.
• Expert underwriting knowledge and extensive experience with Non-QM and Jumbo mortgage products.
• Technologically savvy, with the ability to work across varied systems; proficient with loan origination systems, automated underwriting engines, and electronic document management.
• Strong Excel skills, including pivot tables, VLOOKUPs, and charts; able to create and edit content in Word and PowerPoint for presentations, training, and reporting required.
• High attention to detail and effective problem-solving skills.
• Excellent oral and written communication skills.
• Strong analytical thinking, diplomacy, and professionalism.

A reasonable estimate of the total compensation range for this role is $92,000-$120,000. The actual salary offer to the successful candidate will be based on job-related education, geographic location, training, licensure and certification, and other factors. CoreVest also offers a competitive benefit package including discretionary corporate bonus program, multiple health plans, STD and LTD options, company sponsored life insurance, fitness reimbursement, paid parental leave, time to volunteer, Paid Time off, ESPP, and 401K matching.

At Redwood Trust, we are committed to fostering an inclusive workplace where diversity is valued, and everyone has the opportunity thrive. We welcome applications from individuals of all backgrounds and experiences. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.