Phh Mortgage Jobs (NOW HIRING)

This position offers an exciting opportunity to play a crucial role in our Correspondent Lending business.  We are hiring experienced Non-QM Underwriters to support the expansion of our rapidly growing non-delegated channel.     

The Non-QM Mortgage Underwriter reviews, conditions and underwrites mortgage loans in accordance with established policies and procedures and appropriate guidelines; examines all documentation for accuracy and completeness.

Job Functions and Responsibilities:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.

• Review and analyze the mortgage loan application to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines to minimize risk factors
• Responsible for making independent decisions regarding acceptance and risk of loans according to FNMA, FHLMC, PHH, and applicable Non-QM investor guidelines
• Approves loans, issues alternative options or adverse actions accordingly
• Adheres to all applicable internal PHH Mortgage policies and procedures.
• Meets determined service level time frame requirements set by management.
• Work with staff and management to find solutions on escalated loans
• Manage loans by using all functions of Encompass
• Effectively communicate underwriting decisions to Seller
• Maintain high level of customer service and communication both internally and externally
• Other duties as assigned.

Qualifications:

To perform this job successfully, an individual must have the following education and/or experience:

• Minimum three years mortgage experience underwriting non-QM loans
• Working knowledge of FNMA and FHLMC and Non-QM guidelines 
• Ability to review and calculate complex personal and or business financials
• Ability to underwrite Non-QM and Non-Agency products, including but not limited to bank statement income analysis, Asset Depletion, and DSCR 
• Ability to review credit reports, preliminary title reports, judgements, bankruptcy documents, appraisals and any additional applicable credit documents
• Correspondent Lending experience preferred
• Strong working knowledge of Encompass
• Ability to effectively present information and respond to questions both internally and externally in a professional, articulate, and respectful manner.
• Strong organizational, problem-solving, and analytical skills
• Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm
• Acute attention to detail
• Provides quality control responses timely
• Consistently meets or exceeds established minimum productivity and quality goal
• Excellent customer service skills
• Proven ability to handle multiple projects and meet deadlines
• Good judgment with the ability to make timely and sound decisions
• Bilingual skills a plus
• FHA and VA a plus 

Training and Licensing Requirements 

• Must pass the Company's Background Screening process prior to beginning employment. Additionally, as a condition of employment, you may be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable.

The salary range for this position is expected to be $90,000 - $105,000 per year, depending on geographic location, experience, and other qualifications of the successful candidate. This position is also eligible for monthly bonus based on performance and subject to the terms of the Company's applicable plans.

#WeAreOnIt

Onity Group Inc. is a leading non-bank financial services company providing mortgage servicing and originations solutions through its subsidiary, Onity Mortgage, formerly known as PHH Mortgage. Onity Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs to customers, clients and investors.

At Onity, we strive to earn our customers' loyalty every day. We do this by consistently delivering exceptional service and building trust through reliability, integrity, and following through on our commitments. We operate through the lens of the customer, understand the importance of homeownership, and take pride in helping homeowners. Collectively this fosters long-term relationships, ensuring our customers feel valued and supported. We expect all employees to interact with and engage our colleagues and our customers with respect, courtesy and professionalism, and to achieve results consistent with our service delivery standards.

Onity is intensely focused on hiring, developing and retaining the best talent in the industry! Our commitment to inclusion and equal opportunity ensures that we sustain our reputation as an outstanding place to work, a great business partner and a valued community member. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know.

Onity Group Inc. offers a comprehensive benefits package including medical, dental and vision; up to 3% match on 401(k) contributions; generous paid time off; company-paid life, accident and disability coverage; programs for mental, physical and financial wellness; and more. Visit jobs.onitygroup.com for details.