Non-QM Loan Underwriter - In Office

National Mortgage Staffing; Los Angeles (CA); On-site; USD 90,000 - 140,000; Full time

Benefits offered by this job

Health insurance

Dental

Vision

401k 50% match

PTO 10 days

11 company holidays

Sick time

Job summary

National Mortgage Staffing seeks a Non-QM Underwriter in Los Angeles, CA to evaluate complex Non-QM loan applications, including Bank Statement, DSCR, and Asset Depletion products. You will underwrite, approve or deny based on guidelines and regulatory requirements, interfacing with loan officers and processors daily.

The ideal candidate has 3+ years of Non-QM underwriting experience, strong attention to detail, excellent communication, and can work independently in an office-based role.

Qualifications

• Minimum of 3+ years of experience underwriting Non-QM loans.
• Strong knowledge of Bank Statement, DSCR, and Asset Depletion products.
• Experience underwriting Non-QM roles within the last 6 months.
• Deep understanding of underwriting guidelines, regulations, and compliance.
• Proven ability to handle a high volume of loan files with accuracy.
• Excellent written and verbal communication skills.
• Ability to work independently and in a team.
• Strong organizational and problem-solving skills.

Responsibilities

• Review and analyze loan files, including income docs and credit reports for Bank Statement, DSCR, and Asset Depletion loans.
• Underwrite and decide on loan applications per guidelines and regulatory requirements.
• Communicate with loan officers, processors, and stakeholders to obtain documentation.
• Ensure files are complete, accurate, and compliant before final approval or denial.
• Stay current with industry regulations and best practices for Non-QM loans.
• Provide guidance to junior underwriters and team members as needed.
• Maintain high productivity and quality assurance while meeting deadlines.

Skills

Attention to detail

Excellent communication

Independent worker

Team collaboration

Job description

Position Summary:

As a Non-QM Underwriter, you will be responsible for evaluating and underwriting complex non-qualified mortgage (Non-QM) loan applications. This position requires expertise in various non-QM loan products, including but not limited to Bank Statement, DSCR (Debt Service Coverage Ratio), and Asset Depletion loans. Your role will ensure compliance with all underwriting guidelines and regulatory requirements while maintaining a high level of service and accuracy.

Candidate must reside local to Los Angeles CA and be willing to work in office daily

Key Responsibilities:

• Review and analyze loan files, including income documentation, credit reports, and asset verification for Bank Statement, DSCR, and Asset Depletion loans.
• Underwrite and approve or deny loan applications based on the company’s guidelines, policies, and regulatory requirements.
• Communicate with loan officers, processors, and other stakeholders to obtain necessary documentation and resolve any issues.
• Ensure loan files are complete, accurate, and compliant before final approval or denial.
• Stay current with industry regulations, guidelines, and best practices regarding Non-QM loan products.
• Provide guidance and support to junior underwriters and other team members as needed.
• Maintain a high level of productivity and quality assurance while meeting deadlines.

Requirements:

• Minimum of 3+ years of experience in underwriting Non-QM loans.
• Strong knowledge and experience with Bank Statement, DSCR, and Asset Depletion products.
• Experience Underwriting Non-QM roles within the last 6 months.
• Deep understanding of underwriting guidelines, regulations, and compliance standards related to Non-QM loans.
• Proven ability to handle a high volume of loan files while maintaining accuracy and attention to detail.
• Excellent communication skills, both written and verbal.
• Ability to work independently and as part of a collaborative team.
• Strong organizational and problem-solving skills.

Salary: 90-140k plus annual bonus- exempt

Health insurance, dental, vision. 401k 50% match on the first 6% of contributions. PTO starts at 10 days a year + 11 company holidays per year. Sick time also offered.