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Role Description

In this role, you will be responsible for evaluating complex mortgage loan applications that fall outside traditional Qualified Mortgage (QM) guidelines. You will assess borrower risk based on alternative documentation, ensure compliance with company policies and investor guidelines, and play a key role in decision-making for loan approvals.

• Manually underwrite mortgage loan transactions submitted by our Correspondent and Wholesale lending clients to company and investor credit guidelines.
• Perform quality control audits of our third-party vendor to ensure mortgage loans met all company and investor credit guidelines and requirements.
• Review loan scenarios and communicate purchase/funding eligibility requirements to our Correspondent and Wholesale lending clients.
• Collaborate with internal staff (e.g., Underwriters, Account Managers, Processors, Closers, Operations Management, etc.) of our correspondent lending clients, brokers and third-party vendors throughout the review process to clear purchase/funding eligibility conditions.
• Work closely with processing staff to clear loan conditions throughout the process.
• Assist in handling loan-level credit and compliance questions & issues and in the preparation and dissemination of updated mortgage underwriting and compliance standards and procedures.

Qualifications

• Recent, hands-on Non-QM underwriting experience is required, including, but not limited to:
• DSCR
• Bank Statement (personal & business)
• P&L–only qualification
• Asset Depletion
• Multi-family
• Experience underwriting HELOCs and 2nd mortgages strongly preferred.
• 12+ years of experience as an underwriter plus 3-4 years of recent experience underwriting Non-QM products.
• Ability to manually calculate income across all Non-QM programs, including complex self-employed borrower profiles, layered income sources, and variable cash flow.
• Demonstrated ability to independently review and clear:
• Title commitments & supporting documentation
• Appraisal reports (including complex or unique property types)
• Full condo project reviews (warrantable, non-warrantable, new construction, and small projects)
• Proficiency in Encompass, with the ability to navigate workflows, analyze documentation, and manage conditions efficiently.
• High-volume underwriting background, managing 50+ initial underwrites per month while maintaining quality, accuracy, and fast SLAs.
• Strong understanding of Non-QM guidelines, investor overlays, compensating factors, and risk layering.
• Excellent communication skills with the ability to clearly document decisions and collaborate with sales, processors, and closers.
• Strong critical-thinking, independent-decision-making, and problem-solving skills.
• Commitment to loan quality, compliance, and responsible lending.

Benefits

• Flexible Time to Recharge – Personalized Time Off for What Matters (because rest isn't one-size fits all)
• Future Finance Focused – Generous employer-matched 401(k) plan
• Community Connect – Philanthropy Committee that creates charitable initiatives
• Health from Day One – Comprehensive health insurance starting on day one of employment
• Family Matters – Competitive maternity and paternity leave
• Culture & Celebrations – Culture Committee with team-building events and celebrations
• Ideas Welcome – Encouraging thought leadership and innovation
• Guidance & Growth – Mentorship opportunities for career development
• Perk Up – Exclusive discounts on travel, tech, pets, legal, and more