Non-QM Underwriting Team Lead

Remote Non-QM Underwriting Team Lead

This role is responsible for helping lead the PRMG Non-QM Corporate Underwriter team and will report to PRMG's Non-QM Underwriting Manager.

Responsibilities

• Assist Non-QM Underwriting manager with leading and managing a team of 8-12 Non-QM Underwriters
• Completes a thorough analysis of loan files to determine compliance with company and investor guidelines.
• Evaluates the entire credit package and collateral for residential mortgage loans and ultimately ensures an “investment” quality loan product.
• Checks accuracy of all calculations and data integrity.
• Completion of all required underwriting worksheets found in FastTrac 360 Resource Center.
• Recommends the loan disposition to underwriting manager for loan amounts in excess of authority limitation.
• Maintains company standard for productivity level and complies with company policy of 48 hour underwriting turnaround time and 24-hour turnaround time for clearing conditions.
• Strives to meet 2 decisions/day within allotted time.
• Communicates decision on loans to appropriate parties both verbally and in writing.
• Maintains underwriting activity logs and provides monthly underwriting report to underwriting manager.
• Frontline underwriting of non-QM loan products.
• Perform a thorough analysis of the applicant's income and expense data, asset documentation, credit reports, and property valuations.
• Performing manual underwriting, requiring a detailed familiarity with various loan programs.
• Executing an appraisal analysis to determine that acceptable collateral standards are met.
• Additional related duties may be assigned, as required.
• Available to processors for general guideline interpretations and questions on specific loan files.
• Responds to post closing reviews and audits in a timely fashion.
• Performs related duties, as directed by Underwriting or Operations Manager.

Qualifications

• Minimum five years of recent NON-QM mortgage underwriting experience, with solid working knowledge of underwriting guidelines to include FNMA, FHLMC, and NON-QM Investors.
• Minimum of 2 years of leading a team Non-QM Underwriters
• Ability to review & calculate complex personal and/or business financials and tax profiles.
• Excellent written and verbal communication.
• Experience working in a fast-paced team environment.
• Encompass loan origination system experience preferred