Senior Underwriter – Non-Agency and NonQM – REMOTE or Phoenix or NJ office

Arc Home Loans
Published
July 2, 2019
Location
Mount Laurel, New Jersey
Job Type

Description

Senior Level Underwriter that will underwrite non-agency/non-qm mortgage loans and perform credit analysis to ensure compliance with corporate and secondary market investor standards. The Senior Underwriter will be responsible for examining loan documentation for accuracy and completeness in a prior approval environment, as well as finding solutions and rendering underwriting decisions for loans originated through wholesale and correspondent channels and subsequent clearing of conditions to ensure product guidelines are met.

Essential Job Functions:

·       Be the primary point of contact as subject matter expert (SME) assisting salesforce and business partners in structuring eligible loans in conjunction with the Company’s third-party originators.

·       Interpret and provide appropriate loan solutions for Non-QM/Non-Agency loan requests

·       Analyze borrower’s credit file, collateral and capacity to ensure credit-worthiness

·       Perform manual underwriting review to ensure loan meets all product and property guidelines of Company and investors, as well as compliance with corporate and secondary market investor standards.

·       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.Clear conditions timely on loans; affirm data integrity on all submissions.

·  Identify potential misrepresentation or fraud.

·  Keep up-to-date with all guideline changes and system enhancements.

Position Qualifications (Education and/or Experience and Skills)

·  Working knowledge of non-agency/non qm underwriting guidelines demonstrated through a minimum of 5+ years underwriting experience on non-agency/non qm products.

·  FHA and VA underwriting experience is desirable.

·  High attention to detail and effective problem-solving skills.

·  Ability to work independently, with minimal supervision.

·  Ability to multitask in a high-volume environment.

·  Excellent written and oral communication skills.

·  Continuous focus on the customer experience.

Company Description

Arc Home Loans is a full-service lender and servicer founded in 2015. We are owned by AG Mortgage Investment Trust, a publicly traded REIT, and other funds under management of Angelo Gordon, a privately-held investment advisor with approximately $28B of assets under management.

Arc’s mission is to provide our customers with a comprehensive array of mortgage solutions with an emphasis on specialty products. The customer experience is our first priority. We will delight our customers by empowering and training knowledgeable, helpful and friendly team members while providing an efficient process and competitive pricing.

We are a nationwide lender and conduct business under the name Arc Home Loans (except in New York) or WEI Mortgage, LLC. We are a member of the Mortgage Bankers Association and an approved seller/servicer for Fannie Mae and Freddie Mac and an approved issuer/servicer for Ginnie Mae.

WEI Mortgage, LLC (dba Arc Home Loans) is an Equal Housing Opportunity Lender.

Company NMLS #81386

For a full list of our licenses, please follow the link below.

http://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/81386

For a full list of our office addresses, please follow the link below.

http://www.weicorp.com/about-us/license-information-and-disclosures/

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