Non-QM and Jumbo Mortgage Underwriter

About LoanPeople: 

Learn more: https://loanpeople.com

Position Summary: 

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.

Key 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. 

Qualifications: 

• 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