PRMG is looking for an experienced Remote Non-QM Underwriter to join it's corporate specialized Non-QM Underwriting team. This role is 100% remote and offers a competitve salary plus overtime and a Non-QM Underwriting Monthly Production Bonus. PRMG is one the largest privately owned Mortgage Banks in the Nation and been established for over 20 years. Our company offers industry leading stability/security. When every other Mortgage bank closed during the 2008 financial crash, PRMG grew considerably.

This role will be responsible for the prudent underwriting of Non-QM loans in accordance with company and investor guidelines. The duties for Non-QM Underwriter include, but are not limited to, those described below. 

Essential Job Functions:

• Communication: Liaises among borrowers, investors and escrow companies to communicate decisions on loans.
• Organization: Ensures loan files are complete with all outstanding issues addressed.
• Equipment: Uses such office equipment as computer terminals, copiers and FAX machines.
• Physical: Sits for extended time periods. Hearing and vision within normal ranges.

• Completes a thorough analysis of loan files to determine compliance with company and investor guidelines.
• Evaluates the entire credit package and collateral for residential mortgage loans and ultimately ensures an “investment” quality loan product.
• Checks accuracy of all calculations and data integrity.
• Completion of all required underwriting worksheets found in FastTrac 360 Resource Center.
• Recommends the loan disposition to underwriting manager for loan amounts in excess of authority limitation.
• Maintains company standard for productivity level and complies with company policy of 48 hour underwriting turnaround time and 24 hour turnaround time for clearing conditions.
• Strives to meet 2 decisions/day within allotted time.
• Communicates decision on loans to appropriate parties both verbally and in writing.
• Maintains underwriting activity logs and provides monthly underwriting report to underwriting manager.
• Frontline underwriting of non-QM loan products.
• Perform a thorough analysis of the applicant's income and expense data, asset documentation, credit reports, and property valuations.
• Performing manual underwriting, requiring a detailed familiarity with various loan programs.
• Executing an appraisal analysis to determine that acceptable collateral standards are met.
• Additional related duties may be assigned, as required.
• Available to processors for general guideline interpretations and questions on specific loan files.
• Responds to post closing reviews and audits in a timely fashion.
• Performs related duties, as directed by Underwriting or Operations Manager.

• Minimum five years of recent NON-QM mortgage underwriting experience, with solid working knowledge of underwriting guidelines to include FNMA, FHLMC, and NON-QM Investors.
• Ability to review & calculate complex personal and/or business financials and tax profiles.
• Excellent written and verbal communication.
• Experience working in a fast-paced team environment.
• Encompass loan origination system experience required 5+ years

Skills:

• Strong interpersonal-communication and business-relationship skills
• Detail oriented
• Excellent written and verbal communication skills
• Technologically proficient in MS Windows software

Education:

• High school diploma

Travel:

• None