OverviewOVERVIEWThis position is a full-time position based out of Denver, CO with flexibility to work remotely. The candidate must have extensive experience underwriting non-agency mortgages, HELOCs, and non-qualified mortgages and specifically bank statement loans. This individual will be responsible for managing a scenario desk to support eligibility questions and exception requests from a network of loans originators. In addition, responsibilities will include preparing our bank statement income calculations that sellers can use to confidently underwrite and originate a loan that will be sold to Bayview. This position will work closely with the non-agency capital markets and credit policy teams to ensure that loans are purchased in accordance with Bayview's origination and purchase policies and with the underwriting team to ensure consistency amongst credit decisions.
RESPONSIBILITIES- Provide eligibility support to a network of correspondent seller
- Approve exceptions as authori
- Calculate eligible income from borrower provided bank statemen
- Foster strong relationships with sellers' underwriting team
- Work with sellers to clear due diligence conditions and resolve findin
- Ensure loan documents are accurate, complete, and sufficient to clear all conditions for final loan approva
- Review and evaluate loan files for risk issues and potential fraud and/or misrepresentation.
- Analyze appraisals for valuation accur
- Any other assigned duties from management as necessary
QUALIFICATIONS- Minimum of 6-10 years' experience in an underwriting rol
- Extensive experience underwriting non-agency loan
- Knowledge of QM/ATR requiremen
- Must also have the following demonstrated knowledge, skills, and abilities:
- Extensive knowledge of Mortgage Banking origination practices, procedures, regulations, and law
- Strong understanding of the operational responsibilities involved in the purchase and sale/securitization of whole loan assets as it pertains to credit quality.
- Comfortable negotiating complex issues and resolving problem
- Working knowledge of WORD, EXCEL, POWERPOINT and ACCESS,
- Effective verbal and written communications, including active listening, and presenting findings and recommendation
- Ability to establish and maintain working relationships with co-workers, staff, and external contacts, and to work effectively in a professional team environment
LOCATION and COMPENSATION:- This role is 100% remote
- Base compensation is expected to be $90,000 - $115,000 with the opportunity for bonus compensation
*Salary may vary based on work experience, market conditions, location, and qualifications/training.
