Paramount Residential Mortgage Group, Inc.

Remote Sr. Non-QM Underwriter

Paramount Residential Mortgage Group, Inc. • $100K — $115K *
US-AnywhereRemote in Corona, CA
Finance & Insurance
5 - 7 years of experience
1 month ago
Job Overview by Ladders

Qualifications

  • Minimum five years of recent NON-QM mortgage underwriting experience.
  • Solid working knowledge of underwriting guidelines for FNMA, FHLMC, and NON-QM Investors.
  • Ability to review and calculate complex personal and/or business financials and tax profiles.
  • Excellent written and verbal communication skills.
  • 5+ years of Encompass loan origination system experience.

Responsibilities

  • Completes thorough analysis of loan files for compliance with guidelines.
  • Evaluates credit packages and collateral for investment quality loans.
  • Checks accuracy of calculations and data integrity.
  • Maintains productivity levels, meeting 48-hour underwriting turnarounds.
  • Communicates loan decisions to relevant parties, verbally and in writing.
  • Performs appraisal analysis to ensure collateral standards are met.
  • Supports processors with guideline interpretations and addresses loan file questions.

Benefits

  • Flexible work environment with no required travel.
  • Supportive team structure aimed at efficiency and quality.
  • Opportunity for professional development within a specialized field.
Full Job Description
Overview

Responsible for the prudent underwriting of Non-QM loans in accordance with company and investor guidelines. The duties for Non-QM Underwriter include, but are not limited to, those described below.

Essential Job Functions:
  • Communication: Liaises among borrowers, investors and escrow companies to communicate decisions on loans.
  • Organization: Ensures loan files are complete with all outstanding issues addressed.
  • Equipment: Uses such office equipment as computer terminals, copiers and FAX machines.
  • Physical: Sits for extended time periods. Hearing and vision within normal ranges.


Responsibilities

  • Completes a thorough analysis of loan files to determine compliance with company and investor guidelines.
  • Evaluates the entire credit package and collateral for residential mortgage loans and ultimately ensures an "investment" quality loan product.
  • Checks accuracy of all calculations and data integrity.
  • Completion of all required underwriting worksheets found in FastTrac 360 Resource Center.
  • Recommends the loan disposition to underwriting manager for loan amounts in excess of authority limitation.
  • Maintains company standard for productivity level and complies with company policy of 48 hour underwriting turnaround time and 24 hour turnaround time for clearing conditions.
  • Strives to meet 2 decisions/day within allotted time.
  • Communicates decision on loans to appropriate parties both verbally and in writing.
  • Maintains underwriting activity logs and provides monthly underwriting report to underwriting manager.
  • Frontline underwriting of non-QM loan products.
  • Perform a thorough analysis of the applicant's income and expense data, asset documentation, credit reports, and property valuations.
  • Performing manual underwriting, requiring a detailed familiarity with various loan programs.
  • Executing an appraisal analysis to determine that acceptable collateral standards are met.
  • Additional related duties may be assigned, as required.
  • Available to processors for general guideline interpretations and questions on specific loan files.
  • Responds to post closing reviews and audits in a timely fashion.
  • Performs related duties, as directed by Underwriting or Operations Manager.


Qualifications

  • Minimum five years of recent NON-QM mortgage underwriting experience, with solid working knowledge of underwriting guidelines to include FNMA, FHLMC, and NON-QM Investors.
  • Ability to review & calculate complex personal and/or business financials and tax profiles.
  • Excellent written and verbal communication.
  • Experience working in a fast-paced team environment.
  • Encompass loan origination system experience required 5+ years

Skills:
  • Strong interpersonal-communication and business-relationship skills
  • Detail oriented
  • Excellent written and verbal communication skills
  • Technologically proficient in MS Windows software

Education:
  • High school diploma

Travel:
  • None


Min

USD $100,000.00/Yr.

Max

USD $115,000.00/Yr.

About Paramount Residential Mortgage Group, Inc.

Paramount Residential Mortgage Group, Inc. (PRMG) is a leading mortgage lender in the United States. The company provides a wide range of mortgage products and services, including conventional, FHA, VA, and jumbo loans. PRMG is committed to providing exceptional customer service and has a strong reputation for reliability and transparency. The company has a national presence, with over 200 branches across the country. PRMG is dedicated to supporting its employees and has been recognized as a top workplace by several organizations. The company is also committed to giving back to the community and supports a number of charitable organizations.
Learn more about Paramount Residential Mortgage Group, Inc.
Size
2,000 employees
Industry
Finance & Insurance
Founded
2001
* Ladders Estimates

Similar Jobs

Ad banner background

Get Ready For Your
Next Interview

More Jobs at Paramount Residential Mortgage Group, Inc.

  • Paramount Residential Mortgage Group, Inc.
    Loan Officer
    Prince Frederick, MD 20678 (Calvert County)
    Reposted 2 days ago
    Finance & Insurance
    In-Person
  • Paramount Residential Mortgage Group, Inc.
    Loan Officer
    Prince Frederick, MD 20678 (Calvert County)
    Reposted 2 days ago
    Finance & Insurance
    In-Person
  • Paramount Residential Mortgage Group, Inc.
    Marketing Assistant
    $130K — $156K *
    Miramar Beach, FL 32550 (Walton County)
    3 days ago
    Real Estate & Construction
    In-Person
  • Paramount Residential Mortgage Group, Inc.
    Loan Officer
    Fort Lauderdale, FL 33324 (Broward County)
    5 days ago
    Finance & Insurance
    In-Person
  • Paramount Residential Mortgage Group, Inc.
    Loan Officer
    Pembroke Pines, FL 33028 (Broward County)
    1 week ago
    Finance & Insurance
    In-Person

More Finance & Insurance Jobs

Find similar Remote Sr. Non-QM Underwriter jobs:

NationwideRemote