Non-QM Underwriter

Summary

Join Summit Funding as a Senior Non-QM Underwriter and contribute to a successful mortgage team. You will exceed client expectations by providing timely, accurate, and detailed underwriting decisions. This hybrid-remote or remote position, based out of the Sacramento Corporate Office, offers a competitive compensation structure with full benefits including 401K matching, medical, dental, vision, PTO, and flexible work schedule. The role involves underwriting loan files according to daily departmental standards, ensuring efficient service and a positive approach to loan approvals. You will collaborate with internal and external clients, manage conditions, and utilize Summit Funding's operating system for communication and decision-making. This position requires extensive experience in Non-QM underwriting and strong communication skills.

Requirements

• 3 years of previous, recent Non QM Underwriting experience in a retail or wholesale environment
• Must have a comprehensive knowledge of Non-QM program guidelines
• Ability to work a full time schedule, Monday through Friday, 8am to 5pm Pacific time
• Prior experience working with Account Executives, Account Managers, Loan Officers and Loan Processors
• Special care to review cash, income, credit and property issues must be taken
• Must be able and willing to train, coach, and support staff as needed to enable them to provide complete, accurate and acceptable loan files for approval consideration
• Solid Time Management skills and the ability to organize prioritize and perform multiple tasks simultaneously
• High level of proficiency with mortgage loan processing and underwriting systems
• Commitment to excellence and high standards
• Excellent written and oral communication skills
• Ability to manage priorities and workflow
• Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm
• Acute attention to detail
• Proven ability to handle multiple projects and meet deadlines
• Good judgment with the ability to make timely and sound decisions
• Ability to effectively present information and respond to questions
• Ability to build and sustain relationships with staff and branch personnel
• Extensive prior experience in an underwriting position

Responsibilities

• Provide the most efficient service to our internal and external clients while maintaining the highest quality standards
• A positive “can-do” approach to every file submitted is expected. The goal is to find a way to approve every loan
• It is mandatory that all new loan files are underwritten per the daily departmental standard
• Underwriting turn time is to be no more than what is currently communicated to the UW team
• All Conditions are to be reviewed within stated turn time for file
• All Resubmissions are to be reviewed within posted turn times for conditions or new loan submissions, depending on the reason for resubmission
• All Funding Conditions are to be reviewed as they are presented, same day and within sufficient time to accommodate funding
• The Underwriting checklist must be completed and in every file reviewed
• Update Encompass throughout the day to reflect the current disposition and decision date
• All conditions must be presented in a clear, specific and uncomplicated format and must be limited to items relating to the underwriting approval only. Multiple conditions should not be lumped together
• The condition list should not be used for specific notes or condition clarification
• Summit Funding’s operating system must be utilized at all times to communicate and generate all underwriting decisions
• All files considered for decline must be reviewed with the Operations Manager before the final decision is generated
• The conversation log must be utilized and updated at all times
• Files are not to be sent to an investor for review or approval consideration without first being underwritten by a Summit Funding underwriter; unless prior Investor Approval is required per program parameters. The Underwriting Manager must approve all investor submissions

Benefits

• We offer a competitive compensation structure
• Full benefits include 401K with match, medical, dental, vision, PTO, and more
• Flexible work schedule, remote and hybrid opportunities available