Senior Non-QM Underwriter

Arc Home LLC, founded in 2016, excels in providing wholesale mortgage brokers and correspondent lenders with specialized Non-QM lending solutions. Our approach centers on delivering smooth and efficient transactions, backed by innovative lending products and market-leading pricing strategies. We continuously enhance our portfolio to align with market trends, ensuring our clients have access to a broad spectrum of mortgage options.

As a top 10 Non-QM lender, Arc Home is not just committed to current excellence but also to future innovation in the mortgage industry. Alongside our comprehensive suite of standard agency mortgage programs, we are continuously expanding our range of specialty mortgage solutions. This forward-thinking approach is bolstered by the support of our parent organization, Angelo Gordon, enabling us to develop new products.

Job Summary:

The Senior Non-QM Underwriter is responsible for underwriting Non-Agency/NQM mortgage loans and performing credit analysis to ensure compliance with corporate and secondary market investor standards. We are looking for candidates who can work Central and Pacific time zone hours. The commission plan for this role pays out based on final decision, not per file, so there is great upside potential for strong performers!

Job Functions:

• Manually underwrite Non-Agency/Non-QM correspondent, wholesale/broker, and retail loans in a timely manner to ensure loan meets all product and property guidelines of Company and investors, as well as meeting all established loan policies, credit limits and regulatory requirements.
• Analyze borrower’s credit file, collateral, and capacity to ensure creditworthiness.
• Conduct thorough risk assessments to identify potential issues or red flags.
• Issue loan decisions to our business partners in a clear and concise manner.
• Maintain production goals & standards in accordance with established KPIs and production metrics.
• Additional responsibilities as management sees fit.
• Be the subject matter expert (SME) in structuring non-QM loans for the Company’s third-party originators and internal salesforce.
• Clear conditions timely on loans; affirm data integrity on all submissions.
• Identify and escalate to management any suspected or actual misrepresentation or fraud perpetrated by the prospective borrower, Loan Officer, or third-party originator.
• Enter and maintain copious documentation of each case file within the Company’s LOS pertaining to the eligibility of the loan, including compensating factors, scenario desk results, fully completed Loan Transmittals (1008), system notes and accurate data entry; and
• Keep up to date with all guideline changes and system enhancements.
  
  
  

Position Qualifications:

Skills/Abilities:

• High attention to detail and effective problem-solving skills.
• Ability to work independently, with minimal supervision and action as needed to complete a loan file.
• Ability to multitask in a high-volume environment.
• Excellent written and oral communication skills.
• Continuous focus on the customer experience.
• Willingness to directly communicate with broker / correspondent clients regarding underwriting results and the disposition of loans.
  
  
  

Education and Experience:

• Working knowledge of Non-Agency/NQM underwriting guidelines demonstrated through a minimum of 5 years underwriting experience on Non-Agency/NQM products.
• 4 + years of Experience with the following programs: Bank statement, P&L, 1099, DSCR
• Experience in either Wholesale or Non-Delegated Correspondent channels.
• FHA and VA underwriting experience is desirable.
• Working knowledge of Ocrolus is a plus.
  
  
  

Disclaimer:

The above statements are intended to describe the general nature and level of work being performed by associates assigned to this job. It is not designed to be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of associates assigned to this job.