Job Title: Senior Loan Underwriter (Non-Agency | Non-QM)

About Arcstone Financial: Arcstone Financial is a dynamic mortgage company dedicated to providing exceptional financial solutions. We are committed to the highest standards of service, efficiency, and integrity.

Job Summary: 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.

Key Responsibilities:

• Completes a thorough analysis of loan files to determine compliance with company, investor, and Non-Agency/Non-QM 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.

• Assists with the training of new underwriters.

• Recommends the loan disposition to the 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.

• Communicates decisions on loans to appropriate parties both verbally and in writing.

• Maintains underwriting activity logs and provides monthly underwriting reports to the Director of Credit.

• Available to processors and correspondents 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.

Requirements:

• Strong interpersonal communication and business relationship skills.

• Detail-oriented with strong organizational and follow-through skills.

• Excellent analytical, written communication, and verbal communication skills.

• Technologically proficient.

• Minimum of 2 years of experience working with Encompass - Ellie Mae.

Benefits:

• Competitive salary and benefits package.

• Opportunities for professional growth and development.

• A supportive and dynamic work environment.

Experience:

• Minimum three years of current mortgage underwriting experience, with solid working knowledge of underwriting guidelines. Experience with private investors and private mortgage insurance guidelines.

Education:

• High school diploma or equivalent (Bachelor's degree preferred).