Non-QM and Jumbo Mortgage Underwriter

LoanPeople

105d

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
• Experience with Conventional, FHA, VA, and USDA underwriting
• Active CHUMS ID (held for at least 5 years and active within the past 3)
• SAR designation (held for at least 5 years and active within the past 3)
• Sign-off authority up to conforming loan limits for 1-unit properties
• Comfortable working with investor-specific guidelines (e.g., Amerihome, Chase, Wells Fargo, PennyMac)
• Proficiency in AllRegs, Microsoft Office, and Loan Origination Systems
• Strong understanding of agency guidelines (FHA, VA, USDA, Conventional)
• 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

Responsibilities

• Underwrite a minimum of three new loan submissions per day, plus resubmissions, in accordance with internal SLAs and quality standards
• Analyze and calculate income (including self-employment income) per agency, investor, and Non-QM 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
• 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 underwriting decisions clearly to processing, sales, and secondary marketing teams
• 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

Benefits

• Competitive salaries
• Health insurance
• 401(k)
• Flexible time off
• Casual, team-oriented work environment

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level