Non-QM Underwriter

Dream Finders Homes; Fayetteville (NC); Hybrid; USD 65,000 - 95,000; Full time

Benefits offered by this job

Health Insurance

Vacation & Holidays

401(k) Savings Plan with company match

Employee Wellness

Employee Assistance Programs

Home Purchase Discount for Associates

Pet Insurance

Job summary

Dream Finders Homes seeks a Non-QM Underwriter to assess complex mortgage applications, including bank-statement and alternative-income programs. You will evaluate borrower income, assets and credit, ensure loans meet investor/insurer guidelines, and maintain a timely pipeline.

You will collaborate with sales, processing, underwriting, closing, secondary and compliance teams, stay current on TRID/TILA/HMDA and related laws, and rely on strong analytical and communication skills to make sound

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 established guidelines and approval authority.
• Deep knowledge of federal and state laws (TRID, TILA, ECOA and HMDA).
• Able to read and interpret various loan documents such as promissory notes, agency/investor and legal directives and other loan documents.
• Able to apply basic math; calculate figures and amounts such as discounts, interest, commissions and percentages.

Responsibilities

• Underwriting Non-QM loans, including bank-statement and other alternative-documentation programs.
• 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.

Skills

Non-QM underwriting

Income analysis

Independent underwriting decisions

TRID/TILA/HMDA knowledge

Communication

Tools

Encompass LOS

Mortgage software

CRM systems

Job description

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

• Able to navigate a standard office environment (remotely and/or in office).

Location(s)

242 Hay Street , Fayetteville , NC 28301 , United States

Compensation

n/a

Benefits

Our benefits include: Health Insurance - Medical, Dental & Vision; Vacation & Holidays -- generous PTO & 11 holidays; 401(k) Savings Plan with company match, Employee Wellness and Employee Assistance Programs, Home Purchase Discount for Associates, Pet Insurance.

Posting Close Date

n/a

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