NON-QM Wholesale Mortgage Underwriter
REAL TPO LLC, Los Angeles, CA, United States
Job Description
Job Description
Real TPO is a leading National Mortgage Lender based in Los Angeles, CA, offering a dynamic work environment, competitive pay, and ample career growth opportunities. We are seeking passionate, dedicated professionals to join our team and make a meaningful impact in the mortgage industry.
We are currently looking for an experienced Senior Underwriter specializing in Non-QM and Non-Agency loans to support our growing team at Real TPO . This role requires a deep understanding of manual credit analysis and underwriting across a broad spectrum of loan types, including DSCR, Bank Statement, P&L, WVOE, 1099, and Asset Utilization loans. The successful candidate will play a critical role in assessing borrower creditworthiness and ensuring our loan decisions align with investor and company guidelines.
Key Responsibilities:
* Underwriting and Analysis : Manually underwrite Non-QM and Non-Agency loans, including review of borrower credit files, assets, capacity, and property information to determine eligibility. Analyze complex income tax returns to establish qualifying income.
* Loan Evaluation : Review consumer home loan applications, validate supporting documentation, and assess the borrower's ability to repay mortgage debt. Ensure compliance with investor guidelines for Non-QM and agency loans.
* System Management : Utilize automated underwriting systems (AUS) and Loan Origination Systems (LOS) to validate loan applications. Update systems to ensure accuracy of information, including title, value, income, asset, and fraud reports.
* Decision Making : Recommend approval or denial of loan applications and provide both verbal and written explanations for decisions. Re-underwrite loans when additional documentation is received.
* Quality Control : Run and review quality control tools such as FraudGuard and Early Check. Interpret and analyze DU/LP results to ensure loan meets all necessary guidelines.
* Collaboration : Act as the subject matter expert (SME) to assist sales and business partners in structuring eligible loans in conjunction with third-party originators.
* Production Goals : Maintain production standards and goals set by management, ensuring timely and efficient loan processing.
* Post-Closing Support : Assist in resolving any post-closing suspense issues as required.
* Documentation : Complete necessary underwriting worksheets and checklists, such as Income Worksheets and QM/ATR checklists, ensuring all relevant information is accurately documented.
Qualifications:
* Minimum 5 years of recent experience underwriting Non-QM loans in the mortgage industry, including manual guidelines.
* High school diploma or equivalent required; college degree preferred.
* Experience with automated underwriting systems (AUS) and Loan Origination Systems (LOS).
* Proficiency in Microsoft Office (Word, Excel, Outlook) and internet browsers.
* Strong organizational, analytical, and problem-solving skills.
* Ability to work independently and collaboratively within a team.
* FHA and VA underwriting experience a plus.
* Ability to evaluate complex financial documents, such as income tax returns, to determine loan eligibility.
* Experience with reviewing and interpreting fraud reports and title information.
* Position is on-site at our Los Angeles, CA location; remote work is not available.
If you're an experienced underwriter with a passion for providing outstanding customer service and a keen eye for detail, we invite you to join our team and make an impact at Real TPO . Company Description
Fun environment with lots of local restaurants, shops and bars. Located in the heart of Los Feliz, adjacent to Hollywood.
Company Description
Fun environment with lots of local restaurants, shops and bars. Located in the heart of Los Feliz, adjacent to Hollywood.
Job Description
Real TPO is a leading National Mortgage Lender based in Los Angeles, CA, offering a dynamic work environment, competitive pay, and ample career growth opportunities. We are seeking passionate, dedicated professionals to join our team and make a meaningful impact in the mortgage industry.
We are currently looking for an experienced Senior Underwriter specializing in Non-QM and Non-Agency loans to support our growing team at Real TPO . This role requires a deep understanding of manual credit analysis and underwriting across a broad spectrum of loan types, including DSCR, Bank Statement, P&L, WVOE, 1099, and Asset Utilization loans. The successful candidate will play a critical role in assessing borrower creditworthiness and ensuring our loan decisions align with investor and company guidelines.
Key Responsibilities:
* Underwriting and Analysis : Manually underwrite Non-QM and Non-Agency loans, including review of borrower credit files, assets, capacity, and property information to determine eligibility. Analyze complex income tax returns to establish qualifying income.
* Loan Evaluation : Review consumer home loan applications, validate supporting documentation, and assess the borrower's ability to repay mortgage debt. Ensure compliance with investor guidelines for Non-QM and agency loans.
* System Management : Utilize automated underwriting systems (AUS) and Loan Origination Systems (LOS) to validate loan applications. Update systems to ensure accuracy of information, including title, value, income, asset, and fraud reports.
* Decision Making : Recommend approval or denial of loan applications and provide both verbal and written explanations for decisions. Re-underwrite loans when additional documentation is received.
* Quality Control : Run and review quality control tools such as FraudGuard and Early Check. Interpret and analyze DU/LP results to ensure loan meets all necessary guidelines.
* Collaboration : Act as the subject matter expert (SME) to assist sales and business partners in structuring eligible loans in conjunction with third-party originators.
* Production Goals : Maintain production standards and goals set by management, ensuring timely and efficient loan processing.
* Post-Closing Support : Assist in resolving any post-closing suspense issues as required.
* Documentation : Complete necessary underwriting worksheets and checklists, such as Income Worksheets and QM/ATR checklists, ensuring all relevant information is accurately documented.
Qualifications:
* Minimum 5 years of recent experience underwriting Non-QM loans in the mortgage industry, including manual guidelines.
* High school diploma or equivalent required; college degree preferred.
* Experience with automated underwriting systems (AUS) and Loan Origination Systems (LOS).
* Proficiency in Microsoft Office (Word, Excel, Outlook) and internet browsers.
* Strong organizational, analytical, and problem-solving skills.
* Ability to work independently and collaboratively within a team.
* FHA and VA underwriting experience a plus.
* Ability to evaluate complex financial documents, such as income tax returns, to determine loan eligibility.
* Experience with reviewing and interpreting fraud reports and title information.
* Position is on-site at our Los Angeles, CA location; remote work is not available.
If you're an experienced underwriter with a passion for providing outstanding customer service and a keen eye for detail, we invite you to join our team and make an impact at Real TPO . Company Description
Fun environment with lots of local restaurants, shops and bars. Located in the heart of Los Feliz, adjacent to Hollywood.
Company Description
Fun environment with lots of local restaurants, shops and bars. Located in the heart of Los Feliz, adjacent to Hollywood.