Senior Non QM Underwriter
Senior Non QM Underwriter
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Job Description
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 1000 independent mortgage brokers. Our correspondent channel buys loans from over 200 correspondent partners.
Deephavens headquarters are in Charlotte North Carolina. To learn more about our innovative loan solutions please visit or email us at .
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 Youll 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 SLAs 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
Required Experience:
Senior IC
Employment Type
Full-Time
