Take Advantage of Arc Home’s 50 BPS High Credit Non-QM Price Improvement Starting May 2, 2024
Job Title: Senior Underwriter – NON-QM/Non-Agency
Description
ArcHome Loans, a residential mortgage lender, is owned by AG Mortgage Investment Trust, a publicly traded REIT, and other funds under management of Angelo Gordon, a privately-held investment advisor with approximately $28B of assets under management. ArcHome Loans is a full service, national lender that is an approved Fannie Mae, Freddie Mac and Ginnie Mae seller / servicer. With a strong non-QM product set as a result of its relationship with Angelo Gordon and a seasoned management team, the company is planning for substantial growth.
The Company is seeking a Senior Underwriter – NonQM and Non-Agency. The position will report to the COO and be responsible for underwriting non-agency/non-qm mortgage loans and performing credit analysis to ensure compliance with corporate and secondary market investor standards. The Senior Underwriter will be responsible for examining loan documentation for accuracy and completeness in a prior approval environment, as well as finding solutions and rendering underwriting decisions for loans originated through wholesale and correspondent channels and subsequent clearing of conditions to ensure product guidelines are met.
Essential Job Functions
- Be primary point of contact as subject matter expert (SME) assisting salesforce and business partners in structuring eligible loans in conjunction with the Company’s third-party originators.
- Interpret and provide appropriate loan solutions for Non-QM/Non-Agency loan requests
- Analyze borrower’s credit file, collateral and capacity to ensure credit-worthiness
- Perform manual underwriting review to ensure loan meets all product and property guidelines of Company and investors, as well as compliance with corporate and secondary market investor standards.
- Underwrite Non-Agency/Non-QM correspondent, wholesale/broker and retail loans in a timely manner to ensure loan meets all product and property guidelines of Company and investors, as well as meeting all established loan policies, credit limits and regulatory requirements.
- Clear conditions timely on loans; affirm data integrity on all submissions.
- Identify potential misrepresentation or fraud.
- Keep up-to-date with all guideline changes and system enhancements.
Disclaimer
The above statements are intended to describe the general nature and level of work being performed by associates assigned to this job. It is not designed to be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of associates assigned to this job.
Skills
- Working knowledge of non-agency/non-qm underwriting guidelines demonstrated through a minimum of 5+ years underwriting experience on non-agency/non-qm products.
- FHA and VA underwriting experience is desirable.
- High attention to detail and effective problem-solving skills.
- Ability to work independently, with minimal supervision.
- Ability to multitask in a high-volume environment.
- Excellent written and oral communication skills.
- Continuous focus on the customer experience.