Senior Non-QM Underwriter

Job Summary

The Senior Non-QM Underwriter is responsible for reviewing and evaluating complex residential mortgage loan applications that fall outside of Non-Qualified Mortgage (NQM) standards. This role requires advanced underwriting expertise to assess layered risk, analyze alternative income documentation, and make sound credit decisions in accordance with investor guidelines and company policies. The ideal candidate thrives in a flexible lending environment and demonstrates strong judgment, accuracy, and efficiency.

Job Duties

• Underwrite complex transactions to ensure the loan meets established underwriting guidelines for Full & Alt doc programs: 1099, bank statement, DSCR, asset utilization, P&L, etc. 
• Perform detailed analysis of borrower credit, income, assets, and collateral to determine overall risk and loan eligibility.
• Apply investor guidelines and internal overlays to make sound, well-documented underwriting decisions.
• Evaluate loan-to-value ratios, debt-to-income ratios, and other financial indicators to make informed decisions
• Conduct thorough risk assessments to identify potential issues or red flags
• Issue loan decisions to our business partners in a clear and concise manner
• Provide exceptional customer service to both our internal and external customers, including but not limited to answering loan specific questions on agency programs, reviewing program requirements within established SLAs, and ensure collaboration with loan officers, processors, and other stakeholders to resolve issues and ensure complete loan files.
• Stay current on NQM regulations, investor updates, and industry best practices.
• Stay updated on industry trends, regulations, and best practices related to mortgage underwriting

Competencies

Work Environment

Minimum Qualifications

• Minimum 3 years of experience (recent experience within the last 2 years) in Mortgage Lending, with at least 2 years of experience as a NQM Underwriter.
• FHA Chums and/or VA Lapp SAR recommended but not required
• Encompass experience is required
• Recent manual underwriting experience in the mortgage industry
• Proficient in self-employment income calculations and guidelines

Preferred Qualifications

• Recent manual underwriting experience in the mortgage industry
• Proficient in self-employment income calculations and guidelines

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to communicate via oral and written communication, such as phone calls, emails, and ticketing systems. The employee frequently is required to stand, walk, use hands and fingers and reach with hands and arms. This role may require long periods of sitting at a desk and working on a computer. The employee may occasionally be asked to pick up and/or move up to 15 pounds.

Duties Disclosure

The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities or physical requirements. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time, with or without notice. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.