Non-QM Underwriter

at Summit Funding, Inc.
🇺🇸 United States - Remote
⚖️ Finance & Legal🔵 Mid-level

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.

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Summit Funding, Inc.

  • 501-1000 employees
  • Founded in 1995
  • 4 remote jobs

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