Non-QM Underwriter

Job Type Full-time Description

Basic Description:

A Mortgage Underwriter is responsible for assessing the creditworthiness, capacity, and overall risk of potential borrowers while ensuring adherence to applicable investor guidelines, program requirements, and regulatory standards. This includes both traditional and non-QM loan programs, where the underwriter must apply sound judgment to evaluate income, credit, and property documentation that may fall outside conventional parameters.

The underwriter must confirm the borrower demonstrates the ability and willingness to repay the loan under the proposed terms and that the property serves as acceptable collateral for the transaction. They are responsible for reviewing all aspects of the loan for compliance with relevant agency, investor, and program guidelines; applicable state and federal regulations; and internal overlays.

This role requires the ability to analyze unique borrower scenarios, interpret and apply multiple sets of guidelines, and balance risk with program flexibility. The underwriter will also work collaboratively with other Flat Branch Home Loans departments throughout the loan process—from pre-application through closing, funding, and the sale or delivery of the loan to the appropriate investor or agency.

Responsibilities:

• Underwrite Non-Agency/Non-QM correspondent, wholesale/broker, and retail loans- manually when necessary-ensuring file meets applicable investor, guidelines, along with company policies, credit parameters, and regulatory requirements. 
• Evaluate borrower credit, income, assets and collateral to determine overall creditworthiness. 
• Perform thorough risk analysis to identify potential concerns or red flags early in the process. 
• Communicate clear, well-documented underwriting decisions to internal and external business partners. 
• Meet or exceed established production goals, quality standards and key performance metrics. 
• Serve as a subject matter expert in the review and structuring of Non-QM loans. 
• Clear loan conditions promptly, confirming data accuracy and consistency across all documentation. 
• Document all relevant details in loan origination system, including eligibility determinations, compensating factors, completed loan transmittal, system notes and accurate data entry. 
• Stav current on guideline updates, investor changes and system enhancements. 
• Identify and escalate any suspected misrepresentation or fraud involving borrowers, loan officers etc. 
• Perform other duties as assigned by management. 

Additional Underwriter Involvement May Include:

• Partnering with Loan Coordinators throughout the process, from pre-submission to final “Clear to Close.”
• Advising on complex borrower scenarios that may fall outside conventional agency guidelines, with emphasis on Non-QM solutions.
• Collaborating with Mortgage Loan Closers during the closing stage.
• Consulting with the Loan Shipper prior to delivery of closed loans to the secondary market.
• Supporting post-closing quality control reviews. 

Requirements

Qualifications & Skills:

• Minimum of 2 year Non-QM/Non-Agency mortgage underwriting experience required 
• 2+ years of Experience with the following programs: Bank Statement, DSCR, P&L, 1099
• DE and SAR designation recommended 
• Knowledge of industry guidelines and regulations (including Non-QM program guidelines)
• Proficient in basic computer technologies, appropriate for a paperless environment
• Adaptable to change and shifts in priority
• High attention to detail and ability to manage time effectively  
• Knowledge of Encompass LOS recommended but not a requirement
• Prolonged periods sitting at a desk and working on a computer.

This description is intended to indicate the kinds of tasks and levels, or work difficulty required of the position given this title and shall not be construed as declaring what the specific duties and responsibilities of any position shall be. It is not intended to limit or in any way modify the right of management to assign, direct and control the work of employees under supervision. The listing of duties and responsibilities shall not be held to exclude other duties not mentioned that are of similar kind or level of difficulty. All requirements are subject to possible modifications to reasonably accommodate individuals with a disability. 

Salary Description $29 - $43/hour