Description
Key Responsibilities
- Responsible for manually assessing the risk of a loan and making a credit decision based on the quality of the data in the loan file
- Applies all internal underwriting guidelines, investor underwriting guidelines and requirements as well as federal regulations to the decision process to ensure high loan quality
- Determine specific investor program requirements and ensure credit underwriting review meets investor requirements
- Perform detailed analysis and review of one-to-four family appraisals to determine if property meets investor guidelines
- Review credit documents for accuracy and completeness
- Partner with the Production and Operations teams to ensure high quality loans
- Communicate with loan officers, brokers and processors to create a positive customer experience
- Provide feedback for pre-closing as well as post-closing quality control audits in a timely manner
- Willingness to provide alternative solutions when needed
- Adhere to all applicable internal NPI policy and procedures and protect the confidentiality of borrower information
Requirements
Qualifications
- 5+ years recent underwriting experience
- Direct Endorsement required (DE)
- SAR LAPP required
- Recent experience underwriting alternative income documentation such as bank statements or assets-based underwriting
- Recent experience with complex borrower business structures, including multiple REO and multiple self-employed entities and entity types
- Recent experience underwriting Investor or Business Purpose loan programs
- Recent Wholesale experience
- Strong understanding of Agency and Appendix Q underwriting guidelines
- Exposure to underwriting at a national level and in multiple markets
- Strong communication skills and ability to interact with investors and customers
- Leadership qualities to include mentoring, training and coaching
- Proficiency with Microsoft Office Suite
Benefits
- Competitive comp plan with salary.
- 401k and full medical, dental, vision.
- Leadership at your fingertips.
Newfi Lending is an Equal Opportunity Employer. We respect and aim to empower individuals and support the diverse cultures, perspectives, skills and experiences within our workforce.
Visit us at www.newfi.com or www.newfiwholesale.com
Disclaimer - The above statements are intended to describe the general nature and level of work being performed by persons assigned to this position. They are not intended to be an exhaustive list of all associated responsibilities, skills, efforts, or working conditions. The Company reserves the rights to change, amend, add, delete, and otherwise assign any and all duties, responsibilities, and position titles, as it deems necessary to meet the needs of the business.