Remote Non QM Underwriter

Deephaven Mortgage LLC; North Carolina; À distance; USD 60 099 - 85 595; Plein temps

Avantages offerts par ce poste

Flexible Time to Recharge

Generous employer-matched 401(k) plan

Comprehensive health insurance

Competitive maternity and paternity leave

Mentorship opportunities

Résumé du poste

Deephaven Mortgage LLC is looking for a Mortgage Underwriter responsible for evaluating mortgage loan applications outside traditional QM guidelines. This role supports key decision-making for loan approvals and is fully remote, allowing work from any state in the U.S.

The ideal candidate will have 5+ years of underwriting experience, proficiency in Encompass, and strong critical thinking skills. The position offers a comprehensive benefits package, including flexible time off and health insurance from day one.

Qualifications

• 5+ years of experience as an underwriter.
• Ability to manually calculate income across all non-QM programs.
• Strong understanding of non-QM guidelines and investor overlays.

Responsabilités

• Manually underwrite mortgage loan transactions.
• Perform quality control audits of third-party vendors.
• Collaborate with internal staff to clear loan conditions.

Connaissances

Non-QM underwriting experience

High-volume underwriting background

Excellent communication skills

Strong critical thinking

Outils

Encompass

Description du poste

Job Overview

In this role, you will be responsible for evaluating mortgage loan applications that fall outside traditional Qualified Mortgage (QM) guidelines. You will assess borrower risk based on alternative documentation, ensure compliance with company policies and investor guidelines, and play a key role in decision‑making for loan approvals. This role is remote with ability to work from any state in the U.S.

What You’ll Do

• Manually underwrite mortgage loan transactions submitted by our Correspondent and Wholesale lending clients to company and investor credit guidelines
• Perform quality control audits of our third‑party vendor to ensure mortgage loans meet all company and investor credit guidelines and requirements
• Review loan scenarios and communicate purchase/funding eligibility requirements to our Correspondent and Wholesale lending clients
• Collaborate with internal staff (Underwriters, Account Managers, Processors, Closers, Operations Management, etc.) of our correspondent lending clients, brokers and third‑party vendors throughout the review process to clear purchase/funding eligibility conditions
• Work closely with processing staff to clear loan conditions throughout the process
• Assist in handling loan‑level credit and compliance questions & issues and in the preparation and dissemination of updated mortgage underwriting and compliance standards and procedures
• Analyze loan applications and conduct financial due diligence to assess the creditworthiness of borrowers and the risk associated with the loan
• Evaluate multi‑family properties to determine their market value, condition, and potential for generating rental income
• Review financial statements, rent rolls, and property operating data to ensure that the property’s income can cover loan payments and expenses
• Collaborate with account executives, clients and stakeholders to gather necessary information and provide feedback on loan applications
• Recommend loan structuring and terms that mitigate potential risks while meeting the needs of borrowers and lenders
• Make informed decisions about whether to approve, deny, or modify loan applications based on comprehensive analysis and risk assessment

Job Requirements

• Recent, hands‑on non‑QM underwriting experience, including DSCR, Bank Statement (personal & business), P&L‑only qualification, Asset Depletion, Multi‑family Experience underwriting, HELOCs and 2nd mortgages strongly preferred
• 5+ years of experience as an underwriter
• Ability to manually calculate income across all non‑QM programs, including complex self‑employed borrower profiles, layered income sources, and variable cash flow
• Demonstrated ability to independently review and clear title commitments & supporting documentation, appraisal reports (including complex or unique property types), full condo project reviews (warrantable, non‑warrantable, new construction, and small projects)
• Proficiency in Encompass, with the ability to navigate workflows, analyze documentation, and manage conditions efficiently
• High‑volume underwriting background, managing 50+ initial underwrites per month while maintaining quality, accuracy, and fast SLAs
• Strong understanding of non‑QM guidelines, investor overlays, compensating factors, and risk layering
• Excellent communication skills with the ability to clearly document decisions and collaborate with sales, processors, and closers
• Strong critical thinking, independent decision‑making, and problem‑solving skills
• Commitment to loan quality, compliance, and responsible lending

Compensation

The salary range for this role begins at $52.88 per hour, plus a performance‑based monthly incentive plan.

Perks

• Flexible Time to Recharge – Personalized Time Off for What Matters
• Future Finance Focused – Generous employer‑matched 401(k) plan
• Community Connect – Philanthropy Committee that creates charitable initiatives
• Health from Day One – Comprehensive health insurance starting on day one of employment
• Family Matters – Competitive maternity and paternity leave
• Culture & Celebrations – Culture Committee with team‑building events and celebrations
• Ideas Welcome – Encouraging thought leadership and innovation
• Guidance & Growth – Mentorship opportunities for career development
• Perk Up – Exclusive discounts on travel, tech, pets, legal, and more

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