Underwriter

Senior Non QM Underwriter page is loaded

Senior Non QM Underwriter

Apply remote type Remote locations Remote - Open time type Full time posted on Posted 2 Days Ago job requisition id JR113154

Why Deephaven Mortgage?

Deephaven Mortgage has been a pioneer and leader in non-QM since our origin in 2012. Our longevity and strength in the non-QM space has allowed a significant number of borrowers to achieve homeownership who otherwise would not have under traditional requirements. Deephaven champions mortgage borrowers whose independence, entrepreneurial drive and determination are often the very reason they cannot qualify for a traditional loan.

We continuously and responsibly innovate new mortgage products and programs that put homeownership within reach of millions of borrowers and investors that need and deserve financing through lending ingenuity that is supported by common-sense underwriting.

Deephaven is comprised of two lending platforms. Our wholesale channel offers loans through a network of over 1,000 independent mortgage brokers. Our correspondent channel buys loans from over 200 correspondent partners.

Deephaven's headquarters are in Charlotte, North Carolina. To learn more about our innovative loan solutions please visit www.deephavenmortgage.com or email us at info@deephavenmortgage.com .

Job Overview

In this role, you will be responsible for evaluating complex 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.

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 met 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

What We Need

15+ years of mortgage underwriting experience

5+ years of manual underwriting experience, not reliant on AUS

Prior sub-prime experience

Or

10+ years of mortgage underwriting experience

5+ years of manual underwriting experience, not reliant on AUS

2+ years of current non-QM experience

And

Encompass systems knowledge preferred

Adopt the Deephaven culture that contributes to an environment of teamwork and promotes a positive company image to external customers

Comply with Deephaven policies and procedures

Complete all assigned training by required dates

Ability to interpret, comprehend, and apply guidelines on a loan level basis.

Manage pipeline to ensure SLA's are met for initial underwrites, condition, and final condition reviews

Communicate effectively with others, both verbally and in writing

Organized, analytical, detail oriented, and self-motivated

Knowledge of current regulatory compliance requirements

Ability to maintain the highest level of confidentiality

Present self in a professional manner and interact with all levels of organization and outside contacts appropriately

Proficient in MS Office including Word and Excel

College degree or comparable work experience

Ability to complete responsibilities effectively and efficiently with minimal direction

Manage daily tasks to ensure business needs are consistently met

Compensation

The base pay for this position is up to $57.69 per hour , plus a monthly bonus plan based on performance.

Our Perks

Time to Recharge – Unlimited Responsible Time Off (RTO)

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

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