Senior Underwriter (Non-QM)

Luminate Bank • Minneapolis, MN

1d

About The Position

Luminate Bank® is more than a bank—we're Banking Brighter® by making financial success simple, accessible, and rewarding. Whether you're purchasing a home, growing your savings, or planning for long-term stability, we offer expert guidance and personalized solutions to illuminate your path. Our seamless digital banking, tailored lending options, and wealth-building strategies empower you to take control of your financial future. With competitive rates, clear insights, and a customer-first approach, we help you make informed decisions with confidence. No matter where you are in your journey, Luminate Bank® is here to support you every step of the way. The Non-QM Underwriter is responsible for underwriting and maintaining a pipeline while communicating with internal and external parties. Ensure documentation is accurate and compliant. The Non-QM Underwriter will be the main point of contact for credit conditions of the post-close pipeline. Maintains extensive guideline and product knowledge of all Non-QM lending while assisting with questions.

Requirements

• 3+ years of mortgage underwriting experience.
• Experience with Non-QM Post-Close credit and manual underwriting.
• Excellent communication skills
• Time management, problem-solving skills, and attention to detail.
• Proficient in Microsoft Outlook, Excel, Word

Nice To Haves

• Encompass LOS experience, a plus.

Responsibilities

• Underwrite Non-QM products, including but not limited to Bank Statement Programs, DSCR, Asset Depletion, Foreign National, and Self-Employment.
• Main point of contact for Non-QM post close credit pipeline.
• Maintain an underwriting pipeline of new loans and resubmissions that meet standard service level agreements.
• Evaluate and examine loan files to ensure accuracy, completeness, and compliance with investor and internal guidelines to issue loan decisions.
• Communicate with operations, sales, business partners, maintaining a high level of customer service.
• Collaborate with the post-closing department on any stipulations for closed files
• Perform other related duties as assigned.
• Participate in special projects and handle other duties as assigned by management

Benefits

• Competitive compensation reliant on ability and experience
• Excellent benefits package including health, pre tax HSA, FSA accounts and dental & vision
• Life and AD&D Insurance, as well as additional voluntary benefit possibilities
• 401K with robust company match
• Flexible PTO program
• Earned Sick & Safe Time (ESST)
• The opportunity to work for the Midwest’s fastest growing lender

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Associate degree