Non-QM Mortgage Underwriter

American Pacific Mortgage

12d • Hybrid

About The Position

Non-QM Mortgage Underwriter
is responsible for evaluating and underwriting Non-Qualified Mortgage loan applications, including programs such as bank statement loans, DSCR (Debt Service Coverage Ratio), and other alternative documentation loan types. Strong background in credit analysis, a deep understanding of Non-QM guidelines, and the ability to make sound lending decisions in a fast-paced environment.

Requirements

• Minimum of 3–5 years of mortgage underwriting experience, with a strong emphasis on Non-QM loan products.
• Proficiency in bank statement income analysis, DSCR evaluations, and other non-agency income documentation.
• Strong knowledge of Non-QM investor guidelines (e.g., Angel Oak, Citadel, Carrington).
• Experience working in LOS platforms such as Encompass.
• Excellent analytical, organizational, and time management skills.
• Ability to work independently and meet deadlines in a high-volume environment.
• Strong written and verbal communication skills.
• Familiarity with regulatory guidelines (e.g., ATR/QM rules, TRID, RESPA).

Nice To Haves

• DE/SAR/LAPP certification is a plus but not required.
• Experience in remote work environments.

Responsibilities

• Review and underwrite Non-QM loan applications to ensure compliance with internal and investor guidelines.
• Analyze complex financial documentation, including bank statements, P&L statements, asset depletion, and rental income.
• Evaluate borrower credit, income, assets, employment, and collateral to assess loan risk and eligibility.
• Render credit decisions with clear documentation and rationale supporting the underwriting determination.
• Communicate effectively with processors, loan officers, and other internal teams to facilitate the loan process.
• Clear conditions and prepare files for closing while maintaining compliance with ATR (Ability to Repay) and regulatory standards.
• Keep current with changes in investor and company guidelines and ensure adherence in underwriting decisions.
• Maintain accuracy and completeness of loan files and documentation in the Loan Origination System (LOS).

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed