Scenario Desk Underwriter

Overview
ABOUT US:

Founded in 1993, Bayview Asset Management is an investment management firm focused on investments in mortgage and consumer credit, including whole loans, asset-backed securities, mortgage servicing rights, and other credit-related assets.
OVERVIEW

This position is a full-time position based out of Denver, CO with flexibility to work remotely. The candidate must have extensive experience underwriting non-agency mortgages, HELOCs, and non-qualified mortgages and specifically bank statement loans. This individual will be responsible for managing a scenario desk to support eligibility questions and exception requests from a network of loans originators. In addition, responsibilities will include preparing our bank statement income calculations that sellers can use to confidently underwrite and originate a loan that will be sold to Bayview. This position will work closely with the non-agency capital markets and credit policy teams to ensure that loans are purchased in accordance with Bayview’s origination and purchase policies and with the underwriting team to ensure consistency amongst credit decisions.
RESPONSIBILITIES

Provide eligibility support to a network of correspondent seller
Approve exceptions as authori
Calculate eligible income from borrower provided bank statemen
Foster strong relationships with sellers underwriting team
Work with sellers to clear due diligence conditions and resolve findin
Ensure loan documents are accurate, complete, and sufficient to clear all conditions for final loan approva
Review and evaluate loan files for risk issues and potential fraud and/or misrepresentation.
Analyze appraisals for valuation accur
Any other assigned duties from management as necessary
QUALIFICATIONS
Minimum of 6-10 years experience in an underwriting rol
Extensive experience underwriting non-agency loan
Knowledge of QM/ATR requiremen
Must also have the following demonstrated knowledge, skills, and abilities:
Extensive knowledge of Mortgage Banking origination practices, procedures, regulations, and law
Strong understanding of the operational responsibilities involved in the purchase and sale/securitization of whole loan assets as it pertains to credit quality.
Comfortable negotiating complex issues and resolving problem
Working knowledge of WORD, EXCEL, POWERPOINT and ACCESS,
Effective verbal and written communications, including active listening, and presenting findings and recommendation
Ability to establish and maintain working relationships with co-workers, staff, and external contacts, and to work effectively in a professional team environment
LOCATION and COMPENSATION:

This role is 100% remote
Base compensation is expected to be $90,000 – $115,000 with the opportunity for bonus compensation
*Salary may vary based on work experience, market conditions, location, and qualifications/training.
EEOC:

Bayview is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.