Senior Non QM Underwriter
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 [email protected] . 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 $52.88 per hour, plus a monthly bonus plan based on performance. Our Perks 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 Privacy Policy This organization participates in E-Verify Deephaven was founded in 2012 to provide mortgages to the millions of Americans who, for one reason or another, are unable to qualify for a traditional, government-backed loan. Deephaven champions those mortgage borrowers whose independence, entrepreneurial drive and determination are often the very reason why they can’t qualify for a traditional loan. Apply tot his job