Senior Non-QM Underwriter: Complex, High-Volume Loans

Deephaven-Mortgage-2; North Carolina; On-site; USD 44,000 - 73,000; Full time

Benefits offered by this job

Flexible Time Off

401(k) plan with match

Health insurance starting day one

Maternity/Paternity leave

Team-building events

Job summary

Deephaven Mortgage is seeking an experienced Non-QM Underwriter in North Carolina. You will manually underwrite complex mortgage loans for Correspondent and Wholesale channels, ensuring alignment with credit guidelines and investor overlays.

You will perform vendor quality control, review appraisals and condo projects, and collaborate with underwriters, processors, and sales to clear conditions. This role emphasizes risk assessment and timely, accurate decisions.

Qualifications

• Recent hands-on Non-QM underwriting experience required.
• Experience with DSCR and bank statement analysis.
• Ability to manually calculate income for complex self-employed borrowers.
• Appraisal reviews and condo project experience is a plus.
• High-volume underwriting background (50+ underwrites per month).

Responsibilities

• Manually underwrite mortgage loan transactions per guidelines.
• Perform quality control audits of third-party vendors for compliance.
• Review loan scenarios and determine eligibility for purchase/funding.
• Collaborate with internal staff and brokers to clear conditions.
• Assist in handling loan-level credit and compliance questions.

Skills

Non-QM underwriting

DSCR

Bank statements

P&L analysis

Asset depletion

Income calculation

HELOCs

2nd mortgages

Condo reviews

Encompass

Tools

Encompass

Job description

Deephaven Mortgage is seeking an experienced Non-QM Underwriter in North Carolina. You will manually underwrite complex mortgage loans for Correspondent and Wholesale channels, ensuring alignment with credit guidelines and investor overlays.

You will perform vendor quality control, review appraisals and condo projects, and collaborate with underwriters, processors, and sales to clear conditions. This role emphasizes risk assessment and timely, accurate decisions.