Non-QM Underwriter

Dream Finders Homes; Greenwood Village (CO); Hybrid; USD 75,000 - 105,000; Full time

Benefits offered by this job

Health insurance

Vacation & Holidays

401(k) Savings Plan

Job summary

Jet HomeLoans, LP is a National Mortgage Lender focused on delivering best-in-class service to customers and partners. A Non-QM Underwriter will handle complex non-qualified mortgage loan applications, manage a loan pipeline, and ensure compliance with investor and insurer guidelines.

The role requires evaluating complex borrower scenarios, interpreting federal/state laws, and collaborating with cross-functional teams to close loans timely and accurately.

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 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.

Responsibilities

• Underwriting Non-QM loans, including bank-statement programs and alternative income documentation.
• Ensure loans approved are salable and conform to investor and insurer guidelines.
• Keep up with investor and insurer guidelines/programs.
• Build strong working relationships with sales, processing, underwriting, closing, and compliance teams.
• Research and respond to internal QA/QC reviews.
• Report material policy gaps to Underwriting Leadership.

Skills

Non-QM underwriting

Bank-statement income

Investor guidelines

Complex income analysis

Communication

Excel proficiency

Tools

Encompass LOS

Mortgage software

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

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

Location(s)

7600 East Orchard Road , Suitee 250N , undefined 80111 , United States

Compensation

n/a

Benefits

• 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