NON-QM MORTGAGE UNDERWRITER
CHICAGO, IL | CREDIT | FULL-TIME | REMOTE AVAILABLE
Redstone is one of the fastest growing fintech startups in the country focused on streamlining creation of esoteric alternative asset classes. The fintech disruptor dismantled the MBS ecosystem, streamlining it with a digital platform that employs AI and machine learning tools to eliminate unnecessary steps and redundant time-wasting approval processes. Redstone’s growing MBS partner network includes institutional and retail investors, forward flow partners, brokerages and mortgage lenders.
In pursuit of that mission, Redstone is seeking an experienced Credit Analyst to join the Operational Risk team in Chicago. The individual will play a critical role under the overall Credit Risk Team. This role will be working directly on credit auditing, credit pricing, credit analysis and provide operational support to the underwriting team. We are looking for a hands-on candidate who takes ownership and seeks new opportunities.
What you’ll do at Redstone:
Underwrite Non-QM correspondent, wholesale/broker and retail loans in a timely manner to ensure the loan meets all product and property guidelines of Company and investors, as well as meeting all established loan policies, credit limits and regulatory requirements
Responsible for examining loan documentation for accuracy, and underwriting decisions for loans originated through wholesale and correspondent channels ensuring product guidelines are met
Primary point of contact as subject matter expert (SME) assisting salesforce and business partners in structuring eligible loans
Analyze borrower’s credit file, collateral and capacity to ensure creditworthiness
Independently identify potential risks and mitigating factors that may impact the borrower’s ability to repay the loan
Understand complex income and asset structures
Clear conditions timely on loans; affirm data integrity on all submissions
Keep up to date with all guideline changes and system enhancements
Why you are a fit at Redstone:
College degree preferred
Working knowledge of Non-QM underwriting guidelines demonstrated through a minimum of 5+ years underwriting experience on Non-QM products
High attention to detail and effective problem-solving skills
Ability to work independently, with minimal supervision
Ability to work in a high-volume environment while meeting or exceeding agreed upon targets for volume, service level agreements, and quality
Excellent written and oral communication skills
Continuous focus on providing a first-class customer experience through a commitment to teamwork and the creation of a high-performing team through development of self and others
We believe talent and drive are worth more than words on a resume, ideas and execution are more important than titles and everyone is an owner. We collaborate with highly-motivated, intelligent people to stay true to our motto – Redstoners are doers.
At Redstone, we’re looking for people invigorated by our mission, not just those who simply check off all the boxes.
Mortgage Clause: Redstone Funding LLC ISAOA, ATIMA 200 West Jackson Boulevard, 9th Floor, Chicago, IL 60606
Redstone LLC. All rights reserved.
Distribution of materials without express written permission is strictly prohibited.