Non-QM Mortgage Underwriter - DSCR & Bank-Statement Expert

MIDLAND FEDERAL SAVINGS AND LOAN ASSOCIATION; Bridgeview (IL); Sur place; USD 90 000 - 120 000; Plein temps

Résumé du poste

Midland Federal Savings and Loan Association in Illinois is seeking a Non-QM Mortgage Underwriter with deep expertise in bank statement, asset utilization, DSCR, and alternative documentation to assess complex residential loans.

In this role you will perform comprehensive underwrite analyses, verify income, assets, and collateral, review appraisal and investor guidelines, and escalate any compliance concerns while maintaining independence and prudent risk decisions.

Qualifications

• Minimum 5 years of residential mortgage underwriting experience.
• Strong knowledge of Non-QM and non-Agency lending guidelines.
• Experience underwriting bank statement, DSCR, jumbo, asset utilization/depletion, and alternative-documentation loans.
• Ability to interpret investor guidelines and apply them to individual loans.

Responsabilités

• Perform complete underwriting analysis of Non-QM residential mortgage loan applications.
• Evaluate borrower credit history, liabilities, liquidity, reserves, assets, income, employment, occupancy, and overall credit profile.
• Determine whether loans meet applicable Bank and investor credit and eligibility requirements.
• Analyze compensating factors and layered risk when evaluating loans with multiple risk characteristics.
• Review credit reports, fraud reports, verification documentation, title information, and other supporting documentation.
• Identify inconsistencies, red flags, potential fraud, and documentation deficiencies.
• Apply prudent underwriting judgment when guidelines require interpretation or escalation.

Connaissances

Non-QM underwriting

Bank statement income

DSCR analysis

Alternative documentation

Credit analysis

Regulatory compliance

Description du poste

Midland Federal Savings and Loan Association in Illinois is seeking a Non-QM Mortgage Underwriter with deep expertise in bank statement, asset utilization, DSCR, and alternative documentation to assess complex residential loans.

In this role you will perform comprehensive underwrite analyses, verify income, assets, and collateral, review appraisal and investor guidelines, and escalate any compliance concerns while maintaining independence and prudent risk decisions.