Senior Collateral Underwriter
Champions Funding LLC
Date: 3 weeks ago
City: Gilbert, AZ
Contract type: Full time
Remote
Description
- Review and analyze residential and investment property appraisals for compliance with USPAP, AIR, and investor overlays.
- Evaluate collateral on a variety of Non-QM products, including DSCR, bank statement, and investment property loans.
- Identify inconsistencies, unsupported adjustments, and valuation risks in appraisal reports.
- Recommend and document appropriate mitigants for valuation concerns.
- Respond to appraisal reconsideration requests and guide resolution of property-related conditions.
- Communicate effectively with underwriters, account managers, and appraisal management companies (AMCs).
- Maintain a high standard of quality and turnaround time in all collateral reviews.
- Stay current on industry changes, appraisal guidelines, and Non-QM product developments.
- Provide mentorship and support to junior collateral underwriters when needed.
- Participate in team meetings, calibration sessions, and ongoing training initiatives.
- 4+ years of experience in mortgage underwriting with a concentration in appraisal/collateral review.
- Proficient knowledge of USPAP, FNMA/FHLMC guidelines, and Non-QM lending practices.
- Strong experience evaluating a range of property types including rural, unique, or complex appraisals.
- Familiarity with LOS and appraisal platforms (e.g., Lending QB, Meridian Link, Encompass).
- Excellent analytical and critical thinking skills.
- Clear and professional verbal and written communication abilities.
- High attention to detail with a proactive risk management approach.
- Ability to prioritize and manage high-volume workflows efficiently.
- Self-starter with a collaborative mindset and commitment to continuous improvement.
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