Jumbo/Non-QM Underwriter (West Coast)
CMG Financial is growing and needs an experienced Jumbo/Non QM Underwriters. They are responsible for the execution of underwriting based on company policy and standards. The Underwriter ensures sound decisions to protect the financial and operational interests of the company.
This position will be supporting the West Coast Market.
Essential Duties and Responsibilities:
- Underwriter Jumbo/Non-QM loans
- Ability to underwrite 45+ initial underwrites per month.
- Communicates regularly with the Loan Officers and/or Processor regarding status of loans via current technology.
- Follows file and check order as conditions are signed off and new information is received.
- Maintains current working knowledge on current products.
- Leadership with respect to direction of underwriting resources and credit policy execution within team.
- Maintains conversation log in Byte to properly track the forward movement of the file.
- Assists with training needs of other mortgage positions.
- Ad hoc reporting.
- Other duties as assigned.
Qualifications and Experience:
- Must have recently been underwriting Jumbo and Non-QM loans.
- Minimum of five (5) years specific underwriting experience.
- Recent experience underwriting Conventional loans.
- Must have demonstrated satisfactory knowledge of DU and LP input.
- Ability to properly interpret DU and LP, communicate and document their findings.
- Intermediate experience with Microsoft Word, Excel, and email systems.
- Ability to work in a fast paced, fluid environment.
- Strong communication, interpersonal and organizational skills.
- Proven leadership skills.
- High integrity and confidentiality required.
Compensation: Base ranges from $85,000 - $100,000 plus bonus. Factors that affect base salary may include: Underwriting experience and designations, overall knowledge, number of years worked in mortgage industry, types of roles performed, computer skills, experience specific to working with mortgage lenders, and education.
Average salary estimate
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At CMG Financial, we're excited to expand our team with a dedicated Jumbo/Non-QM Underwriter for the West Coast Market. If you're a seasoned underwriting professional with a knack for executing detailed evaluations based on company policy and standards, then you might just be the perfect fit! In this role, you'll be responsible for underwriting Jumbo and Non-QM loans, ensuring each decision safeguards our financial and operational interests. You'll be expected to manage over 45 initial underwrites each month while maintaining seamless communication with Loan Officers and Processors. If keeping up with a high-paced environment fuels your drive, we want you on our team. You'll leverage current technology to streamline status updates on loans and systematically follow up as conditions are met and new information arises. Your expertise will be vital in maintaining an up-to-date understanding of our product offerings and leading your team in executing credit policy effectively. Additionally, your role will include mentoring fellow mortgage professionals, contributing to ad hoc reporting, and performing various duties as needed. A minimum of five years of recent underwriting experience, particularly in Jumbo and Non-QM loans, is required. If you possess strong communication and leadership skills, along with a deep understanding of DU and LP processes, we invite you to take the next step in your career and join CMG Financial on this exciting journey!
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