Non-QM and Jumbo Mortgage Underwriter - United States
2 days ago
Job description
About LoanPeople:
Headquartered in Austin, TX, LoanPeople, LLC was founded by mortgage industry veterans with a strong track record of success. We deliver award-winning in-house service from application to funding, powered by proprietary marketing tools, cutting-edge technology, and a flat organizational structure that fosters collaboration. People are at the heart of our company—we offer competitive salaries, health insurance, 401(k), flexible time off, and a casual, team-oriented work environment.
Learn more:
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
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