Non-QM
Underwriter
Join Castor Financial as an Underwriter and be part of a team that simplifies alternative financing. Our common-sense approach to underwriting allows us to provide more borrowers with the opportunity to achieve homeownership. Join us and make a positive impact on the lending industry.
The Opportunity You're Looking For
SUPPORT
We believe in finding the best talent for our team, naturally, but we also know that supporting our team members is crucial to individual and company success. This is why Castor Financial provides QC backstops for our UW team. We use third party QC companies during UW and post-closing to allow our UW team to work confidently through the life cycle of each file. We are dedicated to fully supporting our Underwriters in every way and take pride in each file we close. We know that UW support is a big part of achieving that.
FLEXIBILITY
We believe in empowering our Account Executives to work in a way that best suits their individual needs and lifestyle. Enjoy the flexibility to work from anywhere, whether it's the comfort of your home office, a bustling coffee shop, or even your favorite local park. We prioritize results over rigid schedules, so as long as you're meeting your goals and delivering exceptional service to our clients, your workspace is entirely up to you.
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COMPENSATION
We believe your hard work and dedication should be directly rewarded. Our competitive compensation package includes salary, benefits and a unique bonus structure that rewards underwriting quality. Castor Financial is a fast paced growing company in the non-QM space but we always prioritize quality over quantity.
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Job Description
Requirements:
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Working knowledge of non-agency/non-qm underwriting guidelines demonstrated through a minimum of 3+ years underwriting experience on non-agency/non-qm products.
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High attention to detail and effective problem-solving skills.
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Ability to work independently, with minimal supervision.
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Excellent verbal and written communication skills.
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Proficient with Microsoft Office automated underwriting systems.
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Should possess basic computer skills and be able to maintain complete confidentiality.
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Ability to multitask and prioritize time management.
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Continuous focus on the customer experience.
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Ability to adhere to established turn times, productivity and quality metrics.
Responsibilities:
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Be primary point of contact as subject matter expert (SME) assisting salesforce and business partners in structuring eligible loans in conjunction with the Company’s third-party originators.
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Interpret and provide appropriate loan solutions for Non-QM/Non-Agency loan requests.
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Analyze borrower’s credit file, collateral and capacity to ensure credit-worthiness.
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Perform manual underwriting review to ensure loan meets all product and property guidelines of Company and investors, as well as compliance with corporate and secondary market investor standards.
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Underwrite Non-Agency/Non-QM correspondent, wholesale/broker and retail loans in a timely manner to ensure loan meets all product and property guidelines of Company and investors, as well as meeting all established loan policies, credit limits and regulatory requirements.
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Clear conditions timely on loans; affirm data integrity on all submissions.
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Identify potential misrepresentation or fraud.
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Keep up-to-date with all guideline changes and system enhancements.
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Perform other duties as assigned.
Why Castor Financial?
Join a growing company at the forefront of non-QM lending. Make a real impact by helping mortgage brokers expand their business and reach a broader client base. We offer a competitive compensation package, a collaborative work environment, and the opportunity to play a key role in our continued success.
Equal Opportunity Employer
At Castor Financial, we believe that diversity strengthens our team. We are proud to be an equal opportunity employer and value individuals from all backgrounds. We do not discriminate on the basis of race, religion, color, national origin, sexual orientation, age, marital status, veteran status, or disability status.
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If you need accommodations to complete the job application, interview process, or to perform essential job functions, please let us know.
