Role Description In this role, you will be responsible for evaluating mortgage loan applications that fall outside traditional Qualified Mortgage (QM) guidelines. You will assess borrower risk based on alternative documentation, ensure compliance with company policies and investor guidelines, and play a key role in decision-making for loan approvals. This role is remote with the ability to work from any state in the U.S. What You’ll Do - Manually underwrite mortgage loan transactions submitted by our Correspondent and Wholesale lending clients to company and investor credit guidelines. - Perform quality control audits of our third-party vendor to ensure mortgage loans meet all company and investor credit guidelines and requirements. - Review loan scenarios and communicate purchase/funding eligibility requirements to our Correspondent and Wholesale lending clients. - Collaborate with internal staff (e.g., Underwriters, Account Managers, Processors, Closers, Operations Management, etc.) of our correspondent lending clients, brokers, and third-party vendors throughout the review process to clear purchase/funding eligibility conditions. - Work closely with processing staff to clear loan conditions throughout the process. - Assist in handling loan-level credit and compliance questions & issues and in the preparation and dissemination of updated mortgage underwriting and compliance standards and procedures. - Analyze loan applications and conduct financial due diligence to assess the creditworthiness of borrowers and the risk associated with the loan. - Evaluate multi-family properties to determine their market value, condition, and potential for generating rental income. - Review financial statements, rent rolls, and property operating data to ensure that the property’s income can cover loan payments and expenses. - Collaborate with account executives, clients, and stakeholders to gather necessary information and provide feedback on loan applications. - Recommend loan structuring and terms that mitigate potential risks while meeting the needs of borrowers and lenders. - Make informed decisions about whether to approve, deny, or modify loan applications based on comprehensive analysis and risk assessment. Qualifications - Recent, hands-on non-QM underwriting experience is required, including, but not limited to: DSCR, Bank Statement (personal & business), P&L–only qualification, Asset Depletion, Multi-family. - Experience underwriting HELOCs and 2nd mortgages strongly preferred. - 5+ years of experience as an underwriter. - Ability to manually calculate income across all non-QM programs, including complex self-employed borrower profiles, layered income sources, and variable cash flow. - Demonstrated ability to independently review and clear title commitments & supporting documentation, appraisal reports (including complex or unique property types), and full condo project reviews (warrantable, non-warrantable, new construction, and small projects). - Proficiency in Encompass, with the ability to navigate workflows, analyze documentation, and manage conditions efficiently. - High-volume underwriting background, managing 50+ initial underwrites per month while maintaining quality, accuracy, and fast SLAs. - Strong understanding of non-QM guidelines, investor overlays, compensating factors, and risk layering. - Excellent communication skills with the ability to clearly document decisions and collaborate with sales, processors, and closers. - Strong critical thinking, independent decision-making, and problem-solving skills. - Commitment to loan quality, compliance, and responsible lending. Compensation - The salary range for this role begins at $52.88 per hour, plus a performance-based monthly incentive plan. Benefits - Flexible Time to Recharge – Personalized Time Off for What Matters (because rest isn't one-size fits all). - Future Finance Focused – Generous employer-matched 401(k) plan. - Community Connect – Philanthropy Committee that creates charitable initiatives. - Health from Day One – Comprehensive health insurance starting on day one of employment. - Family Matters – Competitive maternity and paternity leave. - Culture & Celebrations – Culture Committee with team-building events and celebrations. - Ideas Welcome – Encouraging thought leadership and innovation. - Guidance & Growth – Mentorship opportunities for career development. - Perk Up – Exclusive discounts on travel, tech, pets, legal, and more.