Wholesale Underwriter, Specialty Products

Carrington Holding Company, LLC; Arizona; Hybrid; USD 90,000 - 120,000; Full time

Job summary

A leading mortgage services provider is seeking an experienced Wholesale Underwriter to assess and analyze non-agency loan applications. You'll leverage your 5+ years of underwriting experience to make sound, compliant credit decisions. The role offers competitive compensation between $90,000 and $120,000, plus incentives, along with comprehensive benefits. Join us in making a significant impact in the mortgage industry while enjoying a supportive environment.

Benefits

Comprehensive healthcare plans

401(k) match

Employee discounts

Training programs

Educational reimbursement

Qualifications

• 5+ years of mortgage underwriting work experience.
• Experience Underwriting Non Agency or Non QM Loans.
• Preferred experience in a paperless environment.

Responsibilities

• Underwrite loans in accordance with guidelines.
• Analyze collateral for investor guidelines.
• Communicate with clients and teams to resolve issues.

Skills

Non Agency Mortgage Underwriting

Organizational Skills

Credit Analysis

Tools

Paperless Loan Origination System

DU

LP

Job description

Wholesale Underwriter, Specialty Products

We are hiring Underwriters for our Non-Agency Products- NO DE REQUIRED!

The Wholesale Underwriter will underwrite loans in accordance with Company and Investor guidelines following company’s policies and procedures under general supervision. Our loan product offers extremely competitive rates and terms- the best in the industry. Makes sound underwriting decisions and ensures that all decisions meet legal and policy requirements. Perform all duties in accordance with the company’s policies and procedures, all US state and federal laws and regulations, wherein the company operates.

The target pay range for this position is $90,000.00 to $120,000.00 + Monthly Incentive plan.

What You’ll Do

• A thorough knowledge of Non Agency or NON QM mortgage loan underwriting.
• Maintains highly confidential information concerning loan applicants.
• Requires high level of organizational skills and ability to work on several tasks simultaneously
• Performs a thorough analysis of collateral to ensure property meets investor guidelines and the appraisal quality and completeness is acceptable.
• Applies and interprets company underwriting guidelines and makes sound credit decision.
• Completes credit, analysis of income, analysis of property, ensures proper audits are completed and verifies consistency of loan file information.
• Identifies risk factors within each loan and utilizes resources, tools and documentation to detect red flags and clear inconsistencies.
• Reviews and evaluates credit information on mortgage loan documents to determine acceptability for specific loan programs.
• Determines any conditions, stipulations or pre-funding requirements.
• Reviews and clears underwriting conditions, stipulations or pre-funding requirements received.
• Communicates with clients, sales teams and operations teams to resolve outstanding issues as they arise

What You'll Need

• 5+ years mortgage underwriting work experience.
• Experience Underwriting Non Agency or Non QM Loans
• Paperless Loan Origination System experience preferred.
• DU and LP experience required.
• Experience working in a paperless environment preferred.

Our Company

Carrington Mortgage Services-Wholesale Lending is part of The Carrington Companies. We provide third-party originators, mortgage brokers and financial institutions with access to government and conventional loan programs, as well as low credit score home financing and low down payment options.

What We Offer

• Comprehensive healthcare plans for you and your family. Plus, a discretionary 401(k) match of 50% of the first 4% of pay contributed.
• Access to several fitness, restaurant, retail (and more!) discounts through our employee portal.
• Customized training programs to help you advance your career.
• Employee referral bonuses so you’ll get paid to help Carrington and Vylla grow.
• Educational Reimbursement.
• Carrington Charitable Foundation contributes to the community through causes that reflect the interests of Carrington Associates.

Carrington is an Equal Opportunity Employer and welcomes applications from diverse candidates.