Job description
Company Description
Summit Funding, Inc DBA Lead + Wholesale Lending, where innovation meets expertise.
At Lead+, our passion and proficiency in non-QM lending shine through. We leverage deep market insights and innovative approaches to deliver flexible lending solutions that meet diverse needs.
Our commitment extends beyond lending; we’re passionate about personal development for mortgage brokers. At our core, we aim to enhance your sales and marketing skills, adding value to your business.
Explore us further at Lead+ Wholesale Lending - Leading the Way in Non-QM Lending
Benefits and Perks:
- 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.
Job Description
Elevate your career as a Senior Non-QM Underwriter, playing a vital role in shaping a successful mortgage team. Join us in exceeding client expectations, delivering exceptional service, and fostering enduring relationships through timely, accurate, and detailed underwriting decisions. Make a meaningful impact while representing our company with professionalism and compassion.
Starting pay ranges between $30 - $51/hr.
This position reports out of the Sacramento Corporate Office but is offered as hybrid-remote or remote depending on experience and location
What YOU will do to make a difference at Summit Funding:
- A sense of urgency and importance is required. 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.
Qualifications
- 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.
Additional Information
All your information will be kept confidential according to EEO guidelines.
