NQM Funding, LLC is a top secondary market investor in the Non-QM space operating both wholesale and correspondent channels. Our relationship with a global investment management firm, NQM Funding, LLC offers cutting edge Non-QM programs, excellent service, and competitive pricing. Non-QM loans are our only focus.

Our TPO Division is looking to hire a Non-QM JR Underwriter.

ALL REMOTE POSITIONS REQUIRE A DOWNLOAD SPEED OF NO LESS THAN 50 MBPS.

Job Title: Non-QM Underwriter

Reports To: NQM UW Team Lead/TPO UW Manager

FLSA Status: Non-Exempt

Department: TPO Underwriting

Division: TPO

Salary: $75K to $80K plus bonus

Summary: Responsible for reviewing each mortgage file for an applicant’s work history, credit history, and all liabilities and assets contained on a mortgage loan application, along with any other information required for loan decision.

Duties and Responsibilities include the following. Other duties may be assigned.

1. Complete thorough manual analysis of mortgage loan files to determine compliance with company and investor guidelines and matrices to ensure salability of closed loans.
2. Analyzing loan risk and requesting additional documentation as necessary.
3. Reviewing loan conditions as resubmitted.
4. Making loan eligibility decisions by approving or rejecting loans, documenting the loan file appropriately and communicating the decisions effectively to all necessary parties.
5. Calculate the borrower’s income and analyze their ability to repay the mortgage obligation.
6. Ensure one all information is gathered that it is accurate, compliance standards are met, and the decision is in line with company policies and guidelines.
7. Maintain company service level and turn-time standards.
8. Respond to audits and post-closing issues in a timely manner.
10. Maintain working knowledge of Non-QM, TPO and/or NDC guidelines and policies.
11. Request exceptions and scenarios as needed.
12. Submit initial file and conditions to investor when necessary. Regularly check status of files with investor for completion of exceptions, initial review, and conditions cleared.
13. Mentor operations staff on underwriting deficiencies and calculation errors.
14. Performs other related duties as assigned.

Skills:

• • Math and critical thinking skills
  • Financial analysis
  • Ability to analyze complex Corporate Tax Returns
  • Strong Communication skills
  • Ability to adapt to technology
  • Working knowledge of Microsoft office

Education/Experience:

• • 5+ years prior underwriting experience
  • Non-QM underwriting experience preferred
  • Bachelor’s Degree preferred

NQM Funding, LLC offers the following benefits:

• Medical Plan
• Dental Plan
• Vision Plan
• GAP Insurance
• Life Insurance paid by the company
• Voluntary Life Insurance
• 401K
• Pet Insurance
• Legal Shield/ID Shield

Equal Employment Opportunity:

NQM Funding, LLC management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment.

NQM Funding, LLC will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same.

NQM Funding, LLC will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to NQM Funding, LLC.