Mortgage Underwriter

<div class="content-intro">Lendz Financial offers a full-service direct wholesale residential mortgage lending platform, focused on helping mortgage brokers grow their loan origination volume with simplified processes and intuitive, tech-based solutions. We emphasize a modern, customer-centric approach, offering competitive rates, a diverse range of products, and rapid turnaround times. Committed to delivering a world-class experience for our broker partners, we streamline the lending process to ensure a smooth journey from application to closing. Our core values—Thrive Together, Act Like an Owner, and Exceed Expectations—cultivate a collaborative, high-performance culture that drives our pursuit to become the undeniable leader in mortgage lending. Lendz is proud to be certified as a <a href="https://www.greatplacetowork.com/certified-company/7037364#:~:text=91%25%20of%20employees%20at%20Lendz,a%20typical%20U.S.%2Dbased%20company.&text=Source%3A%20Great%20Place%20To%20Work%C2%AE%202021%20Global%20Employee%20Engagement%20Study.&text=Management%20is%20competent%20at%20running%20the%20business.&text=Management%20is%20honest%20and%20ethical%20in%20its%20business%20practices.">Great Place to Work</a>!</div>Job Summary: Lendz Financial is seeking an experienced and detail-oriented Non-QM Underwriter to join our growing team. This position is critical to the success of our mortgage operations and focuses on underwriting complex loan files, with an emphasis on Non-QM products such as Bank Statement, DSCR, and Asset Utilization programs. This is a fully remote position. Responsibilities:<ul><li data-start="1321" data-end="1411">Underwrite mortgage loan applications in compliance with investor and company guidelines</li><li data-start="1414" data-end="1513">Act as the subject matter expert on all Lendz Financial programs, with a focus on Non-QM products</li><li data-start="1516" data-end="1582">Perform an average of 5 underwrites per day, adjusted for volume</li><li data-start="1585" data-end="1650">Maintain underwriting queue in accordance with established SLAs</li><li data-start="1653" data-end="1695">Achieve and maintain quality benchmarks:<ul><li data-start="1700" data-end="1735">Pre-closing defect rate below 10%</li><li data-start="1740" data-end="1775">Post-closing defect rate below 5%</li></ul></li><li data-start="1778" data-end="1882">Analyze borrower income, including complex structures such as self-employed, 1099, and asset depletion</li><li data-start="1885" data-end="1976">Review 12- and 24-month personal/business bank statements, P&Ls, and cash flow statements</li><li data-start="1979" data-end="2049">Ensure full compliance with federal, state, and investor regulations</li><li data-start="2052" data-end="2148">Make clear, well-documented underwriting decisions aligned with company and program guidelines</li><li data-start="2151" data-end="2229">Provide written justifications for underwriting outcomes and loan conditions</li><li data-start="2232" data-end="2335">Deliver exceptional support to loan officers, operations, and borrowers throughout the loan lifecycle</li><li data-start="2338" data-end="2425">Collaborate with internal teams to evolve program guidelines and compliance standards</li><li data-start="2428" data-end="2521">Partner with Account Managers and Sales to resolve file-level issues and clarify conditions</li><li data-start="2524" data-end="2598">Stay current on industry trends, guideline changes, and regulatory updates</li></ul>Qualifications:<ul><li data-start="2624" data-end="2686">Minimum 5 years of mortgage underwriting experience required</li><li data-start="2689" data-end="2750">At least 2 years of hands-on Non-QM underwriting experience</li><li data-start="2753" data-end="2811">Expertise in analyzing complex income sources including:<ul><li data-start="2816" data-end="2841">Bank Statement Programs</li><li data-start="2846" data-end="2877">Self-employed borrower income</li><li data-start="2882" data-end="2916">Business financial documentation</li></ul></li><li data-start="2919" data-end="3016">Familiarity with common Non-QM programs such as DSCR, Asset Utilization, and 1099-only products</li><li data-start="3019" data-end="3079">Excellent communication skills and a collaborative mindset</li><li data-start="3082" data-end="3164">Strong time management and the ability to prioritize in a fast-paced environment</li><li data-start="3167" data-end="3238">Proven problem-solving abilities and sound judgment in loan decisioning</li></ul>Benefits:<ul><li data-start="3258" data-end="3295">Highly subsidized medical insurance</li><li data-start="3298" data-end="3336">Low-cost dental and vision insurance</li><li data-start="3339" data-end="3355">401(k) program</li><li data-start="3358" data-end="3388">Health Savings Account (HSA)</li><li data-start="3391" data-end="3436">Generous paid time off and company holidays</li><li data-start="3439" data-end="3479">Learning and development opportunities</li><li data-start="3482" data-end="3522">Friendly, collaborative work environment</li></ul>Compensation: The approximate compensation range for this position is $65,000 to $85,000 in annual salary. The actual offer, reflecting the total compensation package, will be determined based on factors including the candidate’s experience, skills, and location.

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