Non-QM Underwriting Manager - Remote

Description

Position Overview:

The Non-QM Underwriting Manager is responsible for leading, developing, and scaling a high-performing non-QM underwriting team and being the subject matter expert for non-QM loan programs, balancing loan production goals with sound credit risk management, investor requirements, and regulatory compliance.

Ideal candidates for this position have expert knowledge in non-QM loan programs, guidelines, and investor requirements, proven ability to oversee a high-volume underwriting pipeline, and have proven experience leading and developing teams.

Essential Functions of the Role:

• Manage, coach and train a team of underwriters to ensure quality, compliance and service-level standards are met.
• Oversee the non-QM underwriting pipeline to ensure loans are reviewed, approved, and cleared-to-close within established turn times.
• Serve as escalation point for difficult files, guideline interpretation, and exception requests.
• Track productivity, quality, suspense, and defect trends with reporting and loan-level reviews.
• Conduct periodic loan reviews to ensure adherence to internal credit standards, investor guidelines, and regulatory requirements.
• Ensure loans are underwritten to guidelines that are compliant with state and federal laws and regulations, including HMDA, Regulation Z, and Regulation B.
• Collaborate with Operations, Sales, and Secondary leadership to align on goals, capacity planning, and service-level expectations.
• Other duties as assigned.

Classification: Full Time, Exempt

Essential Knowledge/Skills/Abilities:

• Expert knowledge in non-QM loan programs, guidelines, and investor requirements
• Proven underwriting pipeline management skills
• Proven experience leading and developing teams
• Expert knowledge of income analysis, including self-employed borrowers, tas returns, P&Ls and K-1s
• Demonstrated ability to analyze workflows and implement improvements in standard operating procedures

Non-QM Underwriting Manager

Essential Knowledge/Skills/Abilities, Cont’d:

• Comprehensive knowledge of mortgage regulations, including HMBDA, Reg Z, Reg B, and FNMA guidelines
• Strong communication skills
• Ability to work across organizational boundaries
• Highly detail-oriented
• Strong decision-making skills
• Advanced problem-solving capabilities
• Strong critical thinking skills
• Proven ability to prioritize and multi-task

Experience Requirements:

• Minimum of five (5) years of progressive levels of mortgage underwriting experience required, with a minimum of two (2) years of non-QM underwriting experience.
• Prior underwriting management experience required.
• Encompass and Desktop Underwriter experience preferred.

Education / Licensing Requirements:

• High school diploma or equivalent required. Some college preferred.

Working Conditions:

• Fast-paced environment.
• Requires normal vision (corrected) both close and distant.
• Requires normal hearing levels (corrected).
• Requires working at a desk to use a phone and computer for extended periods of time.
• Requires sitting, bending.
• Works effectively with frequent interruptions.
• Lifting requirements of 10 lbs. occasionally.
• Minimal travel <5%.