Non-QM and Jumbo Mortgage Underwriter

LoanPeople

About The Position

LoanPeople is seeking an experienced Mortgage Underwriter with specialized expertise in Non-QM and Jumbo loan products, in addition to conventional, non-conforming, FHA, VA, and USDA loans. The ideal candidate will be detail-oriented, solutions-driven, and well-versed in underwriting complex scenarios. This role will be critical in ensuring accurate and compliant underwriting decisions across our lending channels, with a particular emphasis on Non-QM and Jumbo loan structuring, analysis, and risk assessment. You'll work closely with loan officers, processors, and leadership to support efficient, high-quality decisions that meet investor and agency guidelines.

Requirements

5+ years of mortgage underwriting experience with FNMA, FHLMC, and investor guidelines
Proficient with AUS and manual underwriting (DU, LP, GUS)
Direct experience underwriting Non-QM and Jumbo loans, including familiarity with alternative documentation types (e.g., bank statements, P&L, asset-based income, DSCR)
Deep knowledge of Non-QM and Jumbo eligibility guidelines, risk factors, and structuring strategies
5+ years conforming conventional Underwriting
5+ years FHA DE underwriting experience (active within the past 3)
Active VA Credit Underwriter/SAR designation (active within the past 3)
Comfortable working with investor-specific guidelines (e.g., Deephaven, Redwood, Onslow Bay, Amerihome, PennyMac, PHH)
Proficiency in AllRegs, Microsoft Office, and Loan Origination Systems
Excellent attention to detail, organization, and time management
Strong written and verbal communication skills
Professional, service-oriented, and collaborative approach
Ability to work independently and prioritize multiple files under tight deadlines
Strong understanding of:
Agency guidelines (FHA, VA, USDA, Conventional)
Credit and income analysis, including self-employed borrowers
Real estate collateral valuation and risk assessment
Texas-specific loan types, including Texas A6 and A4 F(2) refinances

Responsibilities

Analyze and Underwrite 2-3 new loan submissions and resubmissions, in accordance with internal SLAs and quality standards
Analyze and calculate income (including self-employment income) per agency, investor, Non-QM and Jumbo guidelines
Underwrite a wide variety of loan types, including Conventional, FHA, VA, USDA, Non-QM, and Jumbo loans
Review and decision loans based on credit, income, asset, and collateral analysis, including complex borrower profiles often seen in Jumbo and Non-QM loan scenarios
Assist with Scenario Desk by providing guidance on loan product qualification, documentation requirements, and underwriting considerations. Recommend alternative structuring options for challenging loan files, particularly for Non-QM borrowers (e.g., bank statement, asset depletion, DSCR)
Evaluate appraisals and collateral using tools such as Collateral Underwriter and Loan Collateral Advisor, with a focus on high-value properties typical in Jumbo lending
Ensure accurate and complete data entry into LOS and AUS (1008, LT, LA, AUS findings, funding conditions)
Stay current on Non-QM and Jumbo investor overlays, agency updates, and internal guideline changes
Communicate with Loan originators and processors regarding loan statuses, approvals, suspensions, denials and outstanding conditions.
Respond promptly to investor or auditor inquiries, conditions, and QC reviews
Contribute to a collaborative team environment that values compliance, accuracy, and timely decision-making
Perform additional duties as assigned.