***UPDATE NOV 16: Candidates must complete both assessment tests plus the phone interview portion of the application in order to be considered for the role.***

Carlyle Financial is seeking a Mortgage Credit Analyst to join as a critical contributor to our operations team. We are leaders in the jumbo and super-jumbo mortgage marketplace and typically see an average loan amount of $2M+, including several loan files over $10M this year.

As we serve our clients in markets across California and grow our footprint into 10+ states in 2023, we take pride in offering an individualized approach to better understand our client's financial picture. Regardless of our client's industry, we prioritize understanding their personal goals — including everyone from entrepreneurs and entertainment industry professionals to athletes, the tech community, and many more.

Job Summary

The Mortgage Credit Analyst is tasked with reviewing Jumbo loan applications in their early stages following intake and prior to official loan submission to the lender, including pre-qualification and pre-approvals. The Analyst will evaluate income, asset, and credit documentation to determine whether the application meets lending program guidelines and whether the borrower has adequate financial resources to close upon the transaction specified in the loan application. Upon successful completion of the review, you will work with the processor to package jumbo loan applications in accordance with investor guidelines.

It is expected that the Analyst will review between 30-40 applications each month.

A key deliverable required from the Mortgage Credit Analyst is the creation of a written credit memo explaining in detail the strengths, weaknesses, and compensating factors for each loan package, including any exception requests or "outside the box" information that needs to be conveyed to the lender, as a rationale for why the file is worthy of lender consideration.

Responsibilities

• Creation of the credit memo
• Expert-level analysis of loan documentation involving cash flow for self-employed borrowers, asset review and depletion/utilization calculations, and analyzing personal & business tax returns, including residential & commercial rental real estate).
• Verify that application data is complete and meets lender standards according to the desired loan product and borrower profile.
• Keeps abreast of changes in published guidelines, policies and procedures, standards and regulations applicable to the company and the mortgage industry. Understands and applies local, state and federal regulations
• Take ownership of problems and present creative solutions while completing tasks promptly and accurately.

Qualifications

• Recent underwriting experience with QM & Non-QM Jumbo loan products preferred.
• Strong attention to detail, organization, and communication skills — verbal and written, capable of expressing complex issues and soliciting input from a broad audience.
• Knowledge of current industry regulations (ATR, Appendix Q, etc.)
• Experience with evaluating and analyzing collateral in residential appraisal reports and gathering and compiling market data for rebuttals and reconsidering value requests.

Our hiring process will include multiple rounds of interviews (phone, Zoom video) with key team members and various assessment tests. We believe in building relationships with clients and our team, not solely closing transactions. We will look for this quality during our discussions and encourage your engagement as such.

We Are Proud To Offer

Great Benefits & Work-Life Balance

We offer flexible schedules, paid holidays, and medical, dental, and vision insurance to our employees and their dependents — 65% Employer coverage for employees (UnitedHealthcare Gold PPO plan).

A Stimulating Workplace

We select our team members with care and foster a positive, agile and connected work environment. We like working here and think you will, too.

Grow With Us

Ready to grow your existing skills? We'll reimburse industry licensing and other courses to make you happier and more productive in your career.

Carlyle Financial Inc. is an Equal Opportunity Employer.

Job Type: Full-time

Pay: $50,000.00 - $60,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Life insurance
• Vision insurance

Schedule:

• 8 hour shift
• Overtime
• Weekend availability

Supplemental pay types:

• Bonus pay

Application Question(s):

• How many jumbo files have you submitted and/or underwritten to an investor over the last 24 months?

Experience:

• Non-QM Underwriting: 3 years (Required)
• Non-Conforming Mortgage Underwriting: 3 years (Required)

Work Location: Remote

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