Non-QM Underwriter
$90,000–$110,000 year
Remote
Job Summary
Underwrite assigned Non-QM loan files, issuing approvals, suspensions, or conditions in alignment with internal policies and investor requirements. Interpret complex underwriting guidelines and overlays to provide clear conditions to Loan Officers and Processors. Manually underwrite loans not reliant on automated systems, calculate borrower income using alternative documentation, and evaluate appraisals for acceptable collateral standards. Review LLC documents, lease agreements, and borrower profiles to verify vesting, signing authority, and DSCR eligibility. Identify guideline exceptions and communicate formal recommendations to investors. Monitor the pipeline to meet posted SLA turn times and assist with preliminary opinions for underwriting requests. Resolve issues and provide solutions to internal loan partners while maintaining up-to-date knowledge of evolving Non-QM programs and industry procedures.
Required Qualifications
- Minimum of five (5) years of recent mortgage underwriting experience, specifically with Non-QM products including DSCR and Bank Statement Loans
- Deep understanding of alternative income documentation types like 12/24 month bank statements, 1099, and P&L statements
- Strong analytical and problem-solving skills with the ability to make sound financial decisions under pressure
- Excellent communication skills, both verbal and written, for professional internal and external stakeholder interaction
- Superior organizational skills and the ability to prioritize a high-volume workflow in a fast-paced environment
- Ability to work independently as a self-starter while maintaining effective collaboration with cross-functional teams
- Prior experience in Non-QM and manual underwriting
- Conventional FHLMC & FNMA experience
Desired Qualifications
- FHA DE and/or VA LAPP/SAR
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