Non-QM Mortgage Underwriter

THIS POSITION IS LOCAL IN-OFFICE OR HYBRID

Job Title: Non-QM Mortgage Underwriter

Department: Underwriting

Reports to: Underwriting Manager

FLSA Status: Non-Exempt

Prepared By: Human Resources

Prepared Date:July 15, 2025

Management Approval:

Summary: Non-QM Mortgage Underwriter is responsible for evaluating and underwriting Non-Qualified Mortgage loan applications, including programs such as bank statement loans, DSCR (Debt Service Coverage Ratio), and other alternative documentation loan types. Strong background in credit analysis, a deep understanding of Non-QM guidelines, and the ability to make sound lending decisions in a fast-paced environment.

Essential Duties & Responsibilities:

• Review and underwrite Non-QM loan applications to ensure compliance with internal and investor guidelines.
• Analyze complex financial documentation, including bank statements, P&L statements, asset depletion, and rental income.
• Evaluate borrower credit, income, assets, employment, and collateral to assess loan risk and eligibility.
• Render credit decisions with clear documentation and rationale supporting the underwriting determination.
• Communicate effectively with processors, loan officers, and other internal teams to facilitate the loan process.
• Clear conditions and prepare files for closing while maintaining compliance with ATR (Ability to Repay) and regulatory standards.
• Keep current with changes in investor and company guidelines and ensure adherence in underwriting decisions.
• Maintain accuracy and completeness of loan files and documentation in the Loan Origination System (LOS).

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Minimum of 3-5 years of mortgage underwriting experience, with a strong emphasis on Non-QM loan products.
• Proficiency in bank statement income analysis, DSCR evaluations, and other non-agency income documentation.
• Strong knowledge of Non-QM investor guidelines (e.g., Angel Oak, Citadel, Carrington).
• Experience working in LOS platforms such as Encompass.
• Excellent analytical, organizational, and time management skills.
• Ability to work independently and meet deadlines in a high-volume environment.
• Strong written and verbal communication skills.

Education & Experience:

Familiarity with regulatory guidelines (e.g., ATR/QM rules, TRID, RESPA).

DE/SAR/LAPP certification is a plus but not required.

Experience in remote work environments.

Skills:

Language Skills: Ability to read and interpret documents and writes routine correspondence. Ability to speak effectively with customers/vendors or other employees.

Mathematical Skills: Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent.

Reasoning Ability: Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situation.

Computer Skills: Sound working knowledge of computer and office software operations and systems.

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. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit, use hands to finger, handle, or feel and talk or hear. The employee is occasionally required to walk and stoop.

Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level and temperature in the work environment is usually moderate.

This job description does not promise or imply that the functions listed are the only duties to be performed or that the position may not change or be eliminated.

The Company has reviewed this job description to ensure that essential functions and basic duties have been included. It is intended to provide guidelines for job expectations and the employee's ability to perform the position described. It is not intended to be construed as an exhaustive list of all functions, responsibilities, skills, and abilities. Additional functions and requirements may be assigned by supervisors as deemed appropriate. This document does not represent a contract of employment, and the Company reserves the right to change this position description and/or assign tasks for the employee to perform, as the Company may deem appropriate.