Non-QM Underwriter - Pacific Time Zone Work Schedule

Company Description

Summit Funding, Inc DBA Lead + Wholesale Lending, where innovation meets expertise.  

At Lead+, our passion and proficiency in non-QM lending shine through. We leverage deep market insights and innovative approaches to deliver flexible lending solutions that meet diverse needs.

Our commitment extends beyond lending; we're passionate about personal development for mortgage brokers. At our core, we aim to enhance your sales and marketing skills, adding value to your business.

Explore us further at Lead+ Wholesale Lending - Leading the Way in Non-QM Lending

Benefits and Perks:

• We offer a competitive compensation structure
• Full benefits include 401K with match, medical, dental, vision, PTO, and more.
• Flexible work schedule, remote and hybrid opportunities available. 

Job Description

Elevate your career as a Senior Non-QM Underwriter, playing a vital role in shaping a successful mortgage team. Join us in exceeding client expectations, delivering exceptional service, and fostering enduring relationships through timely, accurate, and detailed underwriting decisions. Make a meaningful impact while representing our company with professionalism and compassion.

Starting pay ranges between $30 - $51/hr.

This position reports out of the Sacramento Corporate Office but is offered as hybrid-remote or remote depending on experience and location

What YOU will do to make a difference at Summit Funding: 

• A sense of urgency and importance is required. Provide the most efficient service to our internal and external clients while maintaining the highest quality standards.
• A positive “can-do” approach to every file submitted is expected. The goal is to find a way to approve every loan.
• It is mandatory that all new loan files are underwritten per the daily departmental standard.
• Underwriting turn time is to be no more than what is currently communicated to the UW team.
• All Conditions are to be reviewed within stated turn time for file.
• All Resubmissions are to be reviewed within posted turn times for conditions or new loan submissions, depending on the reason for resubmission.
• All Funding Conditions are to be reviewed as they are presented, same day and within sufficient time to accommodate funding.
• The Underwriting checklist must be completed and in every file reviewed.
• Update Encompass throughout the day to reflect the current disposition and decision date.
• All conditions must be presented in a clear, specific and uncomplicated format and must be limited to items relating to the underwriting approval only. Multiple conditions should not be lumped together
• The condition list should not be used for specific notes or condition clarification.
• Summit Funding’s operating system must be utilized at all times to communicate and generate all underwriting decisions.
• All files considered for decline must be reviewed with the Operations Manager before the final decision is generated.
• The conversation log must be utilized and updated at all times.
• Files are not to be sent to an investor for review or approval consideration without first being underwritten by a Summit Funding underwriter; unless prior Investor Approval is required per program parameters. The Underwriting Manager must approve all investor submissions.

Qualifications

• 3 years of previous, recent Non QM Underwriting experience in a retail or wholesale environment. 
• Must have a comprehensive knowledge of Non-QM program guidelines
• Ability to work a full time schedule, Monday through Friday, 8am to 5pm Pacific time.
• Prior experience working with Account Executives, Account Managers, Loan Officers and Loan Processors.
• Special care to review cash, income, credit and property issues must be taken.
• Must be able and willing to train, coach, and support staff as needed to enable them to provide complete, accurate and acceptable loan files for approval consideration.
• Solid Time Management skills and the ability to organize prioritize and perform multiple tasks simultaneously.
• High level of proficiency with mortgage loan processing and underwriting systems.
• Commitment to excellence and high standards.
• Excellent written and oral communication skills.
• Ability to manage priorities and workflow.
• Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm.
• Acute attention to detail.
• Proven ability to handle multiple projects and meet deadlines.
• Good judgment with the ability to make timely and sound decisions.
• Ability to effectively present information and respond to questions.
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