Non-QM Mortgage Underwriter

Company Overview

We are a leading mortgage lending company dedicated to providing innovative financing solutions to a diverse range of borrowers. Specializing in Non-Qualified Mortgage (Non-QM) products, we pride ourselves on our ability to serve clients who may not fit traditional lending criteria. Join our dynamic team and contribute to our mission of delivering exceptional financial solutions with integrity and efficiency.

Job Summary

We are seeking an experienced and detail-oriented Non-QM Underwriter to join our team. The Non-QM Underwriter will be responsible for evaluating and approving mortgage loan applications that fall outside conventional lending guidelines, ensuring compliance with company policies, investor requirements, and applicable regulations. The ideal candidate will have a strong understanding of Non-QM lending, excellent analytical skills, and a commitment to delivering outstanding service.

Key Responsibilities

• Review and analyze Non-QM loan applications, including complex financial documentation such as bank statements, tax returns, and alternative income sources.
• Assess borrower creditworthiness, property valuations, and loan-to-value ratios to make informed underwriting decisions.
• Ensure loans meet investor guidelines, company standards, and regulatory requirements.
• Collaborate with loan officers, processors, and other team members to resolve issues and ensure a smooth loan process.
• Identify and mitigate potential risks associated with Non-QM loans.
• Maintain up-to-date knowledge of Non-QM products, industry trends, and regulatory changes.
• Provide clear and concise communication regarding loan decisions and conditions to internal and external stakeholders.
• Contribute to process improvements to enhance efficiency and accuracy in underwriting.

Qualifications

• Experience: Minimum of 3-5 years of mortgage underwriting experience, with at least 2 years focused on Non-QM or alternative lending products.
• Education: Bachelor’s degree in finance, business, or a related field preferred, or equivalent work experience.
• Knowledge: Strong understanding of Non-QM loan products, including bank statement loans, DSCR (Debt Service Coverage Ratio) loans, and asset-based lending.
• Skills:
• Exceptional analytical and problem-solving skills.
• Proficiency in reviewing complex financial documents and alternative income sources.
• Familiarity with mortgage underwriting software and loan origination systems.
• Excellent attention to detail and organizational skills.
• Strong communication and interpersonal skills.
• Compliance: Knowledge of federal and state mortgage regulations, including TILA, RESPA, and fair lending practices.

Preferred Qualifications

• Experience with Non-QM investor guidelines and overlays.
• Familiarity with automated underwriting systems and Encompass
• Ability to work in a fast-paced environment and manage multiple priorities.

Salary Base starting at $95,000 with possible bonus structure

Questions:

Does the applicant:

• Have 5 years recent Non-QM underwriting experience including DSCR and bank statement loans?
• Extensive experience reviewing appraisals?
• Familiarity with encompass

Job Type: Full-time

Pay: $95,000.00 - $100,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Professional development assistance
• Vision insurance

Work Location: In person