Non-QM Underwriter

Dream Finders Homes

Chantilly (VA)

Hybrid

USD 75,000 - 110,000

Full time

7 hours ago

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Benefits offered by this job

Health Insurance - Medical, Dental & V

Vacation & Holidays - generous PTO

401(k) Savings Plan

Employee Wellness Programs

Home Purchase Discount for Associates

Pet Insurance

Job summary

Jet HomeLoans, LP is a National Mortgage Lender based in Jacksonville, FL. We seek a Non-QM Underwriter to assess complex non-qualified mortgage loan applications, focusing on bank-statement and alternative income documentation, while ensuring closings meet investor and insurer guidelines.

The role requires 3-5 years of Non-QM underwriting, knowledge of FNMA/Freddie Mac conventions, and the ability to navigate loan origination software. Collaboration with sales and compliance is essential.

Qualifications

3-5 years of hands-on Non-QM mortgage underwriting experience.
Strong working knowledge of Non-QM investor guidelines, bank-statement programs and alternative income documentation.
Experience evaluating complex borrower scenarios and independent underwriting decisions within guidelines.
Deep knowledge of federal and state laws (TRID, TILA, ECOA, HMDA).
Able to navigate loan origination software.

Responsibilities

Underwrite Non-QM loans, including bank-statement and other alt-doc programs.
Ensure loans approved are salable and conform to investor/insurer guidelines.
Keep up with the latest investor/insurer guidelines/programs.
Analyze borrower income, assets, and credit/liabilities documentation.
Ensure pipeline closes timely and KPI metrics are met.
Develop strong working relationships with sales, processing, underwriting, closing, and compliance teams.
Research and respond to QA/QC reviews.
Report material infractions to Underwriting Leadership.

Skills

Non-QM underwriting

Bank-statement income

Alternative income docs

Investor guidelines

Underwriting decisions

Communication

Problem solving

Reading loan documents

Work under pressure

Tools

Encompass

Microsoft Excel

Job description

Jet HomeLoans, LP is a National Mortgage Lender headquartered in Jacksonville, Florida. Jet HomeLoans focuses on providing its customers and business partners with the industry's best services.

Position Overview

A Non-QM Underwriter is responsible for underwriting complex non-qualified mortgage loan applications and managing an assigned loan pipeline. Additionally, a person in this position is responsible for:

Underwriting Non-QM loans, including bank-statement and other alternative-documentation programs, with the ability to support Conventional (Fannie Mae/Freddie Mac) loans as business needs require.
Ensuring loans approved are salable and conform to applicable investor and insurer guidelines.
Keeping up with the most recent investor and insurer guidelines/programs.
Adhering to company policies and procedures.
Analyzing borrower income, including complex self-employed income, assets and credit/liabilities documentation.
Calculating simple and complex income types using traditional and alternative documentation.
Ensuring loans within the assigned pipeline close timely.
Ensuring assigned company Key Risk Indicator (KRI) and Key Performance Indicator (KPI) metrics are met.
Reviewing and solving complex loan issues.
Developing and cultivating great working relationships with sales, processing, underwriting, closing, secondary and compliance teams and leaders.
Researching and responding timely to internal Quality Assurance and Quality Control reviews.
Reporting material process and policy infractions/gaps to Underwriting Leadership.
A Non-QM Underwriter reports directly to an Underwriting Manager.

Required Experience

3-5 years of hands-on Non-QM mortgage underwriting experience.
Strong working knowledge of Non-QM investor guidelines, bank-statement programs and alternative income documentation.
Experience evaluating complex borrower scenarios and making independent underwriting decisions within established guidelines and approval authority.
Deep knowledge of federal and state laws (e.g., TRID, TILA, ECOA and HMDA).
Sound technical skills with the aptitude to learn navigate loan origination software and other technologies.
Able to write correspondence and to effectively present information to peers, borrowers and in some cases clients.
Able to read and interpret various loan documents such as promissory notes, agency/investor and legal directives and other loan documents.
Able to define problems, collect data, establish facts and provide information to resolve the situation.
Able to work well under pressure and meet multiple and sometimes competing deadlines.
Able to apply basic math; calculate figures and amounts such as discounts, interest, commissions and percentages.
Basic computer skills required: word processing, email, and mortgage software.

Preferred Experience

Conventional/QM underwriting experience and working knowledge of FNMA and FHLMC guidelines.
Jumbo underwriting experience.
Builder-affiliated mortgage lending experience.
2-3 years of Encompass Loan Origination System experience.
Microsoft Excel proficiency.

Expectations

Facilitate an excellent working relationship with internal and external customers by developing and maintaining respect, communicating effectively and providing excellent customer service.
Maintain a high level of integrity, confidentiality, and trust.
Effectively problem solve by using judgment based upon knowledge of existing management policies and departmental practices and procedures.
Meet established productivity, loan quality and task management standards.
Ensure confidentiality of client records.
Demonstrate a commitment to the Company Culture.
Respond to phone calls and emails within the same workday.

Workplace Requirements