Non Qm Mortgage Underwriter - Calabasas, United States - Mega Capital Funding Inc.

Description

As a
Non QM Underwriter, you will be responsible for reviewing Non QM Residential Mortgage Applications and Documentation and render credit decisions that meet Mega Capital's Loan Policy, Investor Guidelines and all applicable laws and regulations.

• Analyze financial data related to loan requests.
• Evaluate loan documents to ensure accuracy and completeness.
• Perform risk assessments on potential loan recipients based on credit rating, borrowing history, and other specific factors risk.
• Ensure Secondary Market and Investor Guidelines are met or appropriate loan exception procedures are met.
• Manage the exception process both internally and externally.
• Run and review compliance software programs to ensure loan is compliant and AUS for loan parameter approval when applicable.
• Provide loan Commitment and Clear to Close to borrower.
• Monitor and report noncompliance with loan covenants.
• Review for all borrower memberships or eligibility as it pertains to Mega Capital's loan policy.
• Effectively communicate with staff and customers and assist in clearing conditions and stipulations to facilitate timely file completion.
• Indepth knowledge of Loan Origination system and Portal.
• Work with team to achieve quality, quantity, efficiency and customer satisfaction metrics,
• Review appraisal(s) for adherence to guidelines.
• Review title for proposed loan amount, insured names and address coincide with loan parameters.
• Utilizes Mega Capital and vendor training materials, reference tools and other resources to provide accurate and upto date loan program/policy information to both external and internal business partners.
• Responsible for updating appropriate HMDA reportable information pertaining to the individual loan.
• Maintain customer relationships and provide superior customer service.
• Assist with technical underwriting issues and questions.
• Review loan documentation and vendor reports to identify signs of fraudulent activity.
• Assist Head of Credit with developing and implementing underwriting policies and procedures.
• Assist in quality control reviews, audits, and response.
• Other duties as assigned.
• Backs up other departmental staff as necessary.
• Accomplishes the company's mission by completing relevant duties as needed when requested by management or other staff members.

• Applied knowledge of underwriting fundamentals and standard industry practices
• Understanding of basic financial principles and processes
• Knowledge of federal, state, and local regulatory requirements and secondary market guidelines
• Ability to maintain confidentiality
• Strong analytical skills and attention to detail
• Excellent communication and negotiation skills
• Ability to multitask and work under pressure to meet strict deadlines

• 401(k)
• 401(k)

• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

• 8 hour shift

• High school or equivalent (preferred)

• Non-QM underwriting: 5 years (required)

• Calabasas, CA (preferred)