Non-QM Mortgage Analyst

Hudson Advisors • Dallas, TX

1d • $65,000 - $80,000 • Hybrid

About The Position

Hudson Advisors is seeking a Non-QM Mortgage Scenario Desk Analyst to join its Non-QM mortgage platform and U.S. Residential Credit team. This role offers a unique opportunity for recent college graduates or early-career professionals to build a career in mortgage credit, structured product, and securitization. Hudson Advisors is the dedicated asset manager and investment manager for the Lone Star Funds, a leading global diversified private equity firm. The U.S. Residential Credit team focuses on the underwriting and acquisition of Non-QM mortgage whole loans for Lone Star’s Residential Mortgage Platform, a correspondent aggregator. Lone Star Residential has been a leading participant in the Non-QM market since 2014, purchasing over $16 billion UPB of Non-Agency loans and issuing over 50 securitizations through its COLT program. The successful candidate will focus on Non-QM scenario desk efforts, engaging with mortgage sellers on complex Non-QM exceptions and loan-level pricing. The ideal candidate should possess strong organizational and communication skills, be a quick learner with analytical instincts and sound judgment. This position provides the opportunity to work with senior leaders across Hudson Advisors and Non-QM mortgage originators.

Requirements

• Strong desire to build a career in mortgages and structured products
• Ability to work autonomously and as a member of a team
• Ability to handle multiple projects at the same time
• Ability to work in a dynamic, deadline-driven environment with low to moderate supervision
• Bachelor’s degree required (or expected completion by June 2026)
• Proficiency in Microsoft Word, Excel, Teams, Outlook and PowerPoint

Nice To Haves

• Experience with manual underwriting and Bank Statement Income analysis
• Experience with Non-QM exceptions, or underwriting escalations
• Experience with mortgage compliance and disclosure requirements
• 0–3 years of relevant work experience in mortgage lending, underwriting support, loan scenario review, diligence, lock desk, capital markets support, or related functions preferred

Responsibilities

• Develop a strong working knowledge of the Lone Star Residential Non-QM credit box, loan eligibility framework, and rate sheet / pricing construct.
• Engage and discuss exceptions across senior underwriters at Non-QM mortgage companies, external Third-Party-Review (TPR) diligence firms, and senior leadership at Hudson.
• Review mortgage underwriting exceptions at initial lock stage, with a focus on ensuring that any approved loan meets applicable law (ATR) and rated securitization requirements (i.e. TPR Grading).
• Support decision-making across credit exceptions, pricing exceptions, unique collateral types, documentation gaps, and other non-standard loan scenarios.
• Learn to manually underwrite Non-QM loan products, including Bank Statement qualifying income analysis, DSCR, and Asset Depletion programs.
• Apply sound judgment to evaluate nuanced scenarios holistically and escalate appropriately when a loan falls outside standard guidelines or presents elevated risks.
• Maintain organized and timely execution across a high volume of time-sensitive scenario reviews and deliverables.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 251-500 employees