Non QM Quattro

Job Description:

· Good exposure of the underwriting review of the Non-QM Loans.
· Well verse with Non-QM Products like 12/24 Months Bank Statements, ITIN Loans, ALT DOC Loans, and DSCR Loans.
· Interpret Non-QM Matrix & Guidelines accurately
· Complete review of the Borrower profile including collateral, compliance and other lending risks such as interested party involvements
· Complete review of data consistency across the entire loan package to match system, AUS (DU/LP), Fraud Guard Reports or any other reports used to compliance or fraud checks
· Complete review of collateral including in depth analysis of appraisal reports, title commitment, fraud risk checks, insurances documents and sales contract
· Interpret credit policy guidelines and investor guidelines (all FNMA, FHLMC) and apply them to specific loans for effective sale in the secondary market
· Maintain a working knowledge of all current underwriting guidelines, federal and state lending laws and has the ability to comprehensively explain all to others while processing the mortgage loan files
· Stringently look for the Loan to Value (LTV), Debt to Income ratio (DTI) and Housing to Income ratio (HTI) ratios components in the mortgage loan files
· Effectively and quickly communicate any areas of concern with a loan file to supervisors/managers.
· Demonstrate excellent customer service and professionalism.
· Should have very good writing skills with proper grammar and able to summarize requirements in short but clear format.
· Determining, documenting underwriting conditions, communicating requirements and decisions.
· Underwriters maintain high-quality standards by meticulously reviewing loan files. They verify accuracy, completeness, and consistency of information to minimize errors.