Senior Underwriter (FULL-TIME)

Deephaven Mortgage; Clayton (NC); On-site; USD 60,000 - 86,000; Full time

Benefits offered by this job

Health insurance from day one

Flexible time off

Culture committee events

Mentorship opportunities

Discounts on travel, tech, pets, and更多

Job summary

Deephaven Mortgage LLC is seeking a skilled mortgage underwriter in North Carolina. You will manually underwrite loans for Correspondent and Wholesale channels, assess income, and ensure adherence to Non-QM guidelines and investor overlays.

The role emphasizes quality control, compliance, and clear documentation, collaborating with sales, processors, and closers to maintain fast SLAs and loan quality. On-site position with competitive hourly compensation and monthly bonus potential.

Qualifications

• High-volume underwriting background required.
• Strong understanding of Non-QM guidelines and investor overlays.
• Excellent communication, documentation, and collaboration with sales, processors, and closers.
• Commitment to loan quality, compliance, and responsible lending.

Responsibilities

• Underwrite mortgage loans manually for Correspondent and Wholesale channels per credit guidelines.
• Perform quality control audits of third-party/vendor processes to ensure compliance.
• Assist in handling loan-level credit questions and updating underwriting standards and procedures.
• Analyze Bank Statements (personal & business).
• Assess Asset Depletion and related income calculations.
• Experience underwriting HELOCs and 2nd mortgages preferred.
• Manually calculate income across Non-QM programs for self-employed borrowers.
• Review condo projects (warrantable, non-warrantable, new construction, small projects).

Skills

High-volume underwriting

Non-QM guidelines

Communication skills

Compliance focus

Job description

Why Deephaven Mortgage?

Deephaven Mortgage has been a pioneer and leader in non-QM since our origin in 2012. Deephaven champions mortgage borrowers whose independence, entrepreneurial drive and determination are often the very reason they cannot qualify for a traditional loan.

We continuously and responsibly innovate new mortgage products and programs that put homeownership within reach of millions of borrowers and investors that need and deserve financing through lending ingenuity that is supported by common-sense underwriting.

Deephaven is comprised of two lending platforms. Our wholesale channel offers loans through a network of over 1,000 independent mortgage brokers. In this role, you will be responsible for evaluating complex 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.

Responsibilities

• 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 met all company and investor credit guidelines and requirements
• Underwriters, Account Managers, Processors, Closers, Operations Management, etc.) 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
• Bank Statement (personal & business)
• Asset Depletion
• Experience underwriting HELOCs and 2nd mortgages strongly preferred.
• ~Ability to manually calculate income across all Non-QM programs, including complex self-employed borrower profiles, layered income sources, and variable cash flow.
• ~ Full condo project reviews (warrantable, non-warrantable, new construction, and small projects)

Key Qualifications

• 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.
• Commitment to loan quality, compliance, and responsible lending.

The compensation band for this role begins at $52.88 per hour, plus a performance based monthly bonus plan.

Benefits

• Privacy Policy
• Flexible Time to Recharge - Personalized Time Off for What Matters (because rest isn't one-size fits all)
• Community Connect - Philanthropy Committee that creates charitable initiatives
• Health from Day One - Comprehensive health insurance starting on day one of employment
• Culture & Celebrations - Culture Committee with team-building events and celebrations
• Guidance & Growth - Mentorship opportunities for career development
• Perk Up - Exclusive discounts on travel, tech, pets, legal, and more