Conditions Specialist

WHO WE ARE:

Maxwell, founded in 2015 by homebuyers frustrated with the mortgage process, has created a platform that streamlines and speeds up loan closings by over 45%. Our mission is to democratize mortgages by making them more accessible and efficient, reducing stress for borrowers and helping lenders stay compliant.

We are committed to a supportive, diverse, and inclusive culture, living our values of Rigor, Ownership, Curiosity, Kindness, and "Straight Up" to promote equality and financial empowerment. Intrigued? Say hello!

JOB SUMMARY:

The Due Diligence Conditions Specialist is responsible for reviewing, validating, and clearing required documentation (“stips”) for loans reviewed to be acquired and / or securitized. This role ensures all conditions are met accurately and in compliance with seller guidelines or investor guidelines, and regulatory standards.

WHAT YOU’LL BE DOING…

• Review Mortgage loan files to ensure accuracy of information and verify presence of all required documents.
• Review loan files or applications to identify outstanding stipulations (conditions, verifications, signatures, disclosures, etc.)
• Validate documents submitted for income, identity, employment, insurance, title, credit, or asset verification.
• Communicate with operations and transaction management team for any escalations.
• Accurately update due diligence system to reflect cleared conditions.
• Ensure compliance with seller or investor guidelines, agency guidelines, and any applicable overlays.
• Collaborate with underwriting and quality control teams to resolve discrepancies or escalations.
• Meet production and accuracy goals while maintaining confidentiality and professionalism.

IDEALLY YOU’LL HAVE...

• 5+ years of current Due Diligence experience
• 5+ years current experience in underwriting, preferably with prior experience in Quality Control and Non-QM loan types.
• Experience with LauraMac is a must
• Ability to analyze complex transactions and identify errors
• Strong attention to detail
• Ability to properly calculated income across a variety of earning types from wage earners to business/self employed income.
• Strong appraisal review skills
• Excellent analytical & communication skills
• Strong ability to perform reviews for a wide range of investors
• Ability to read and apply investors guidelines to loan reviews.
• Proficiency in pipeline management with ability to multitask in a high-volume environment
• Ability to contribute and work in a team environment
• Ability to work independently
• Familiarity with best practices for post-close quality control on newly and seasoned originated mortgages
• Strong knowledge of Fannie Mae/Freddie Mac guidelines, QM/ATR
• Proficiency in Non-QM Loan processes and requirements.
• Ability to work with multiple investor guidelines and overlays
• Deep understanding of DSCR/business purposes loans.
• Review of regulatory compliance a plus

WHAT WE OFFER YOU

An opportunity to be a key part of an agile team of thinkers and doers collaborating to change a multi-trillion-dollar industry. We offer meaningful equity at a growth-stage company, a competitive salary, top-tier medical, dental, and vision insurance, and flexible work hours and vacation time. Here are our awesome benefits in black and white:

• Competitive pay and equity in a fast-growing, venture-backed company
• Inclusive, employee-first culture
• Robust benefits including 401(k), premium health plans, and FSA/HSA options for tax-free medical spending.
• Accrued PTO plus 11 holidays and 2 floating days for personal or cultural observances.
• Two paid volunteer days each year to support causes you care about.

OUR APPLICATION PROCESS

At Maxwell, we value our differences, and we encourage all—especially those whose identities are traditionally underrepresented in tech organizations—to apply. Maxwell is an equal-opportunity employer. We do not discriminate on the basis of race, religion, color, gender expression or identity, sexual orientation, national origin, citizenship, age, marital status, veteran status, disability status, or any other characteristic protected by law.