US Mortgage Underwriter

Job Description

US Mortgage Underwriter (Conventional & Non-QM)

Job Summary:

US Mortgage Underwriter is responsible for evaluating and underwriting residential mortgage loan applications, including Conventional, Non-QM, and DSCR products. The role involves assessing borrower eligibility, analyzing risk, ensuring compliance with investor and regulatory guidelines, and making sound underwriting decisions in a fast-paced environment.

Key Responsibilities

• Review and underwrite Conventional, Non-QM, and DSCR, bank statement, P&L mortgage loans.

• Analyze borrower income, assets, credit, employment, and collateral to assess eligibility and risk.

• Evaluate alternative documentation loans, including bank statement, asset depletion, 1099 income, ITIN, and P&L-only programs.

• Ensure compliance with agency, investor, company, and regulatory guidelines.

• Issue approvals, conditions, suspensions, or denials based on underwriting standards.

• Review and clear underwriting conditions and resubmitted documentation.

• Collaborate with loan officers, processors, brokers, and internal teams to support timely loan decisions.

• Maintain accurate underwriting records and support quality control and audit processes.

• Stay up to date with mortgage products, investor requirements, and regulatory changes.

Qualifications

• 2–5 years of US mortgage underwriting experience, including Conventional and/or Non-QM loan products.

• Strong knowledge of Fannie Mae, Freddie Mac, Non-QM, and DSCR underwriting guidelines.

• Experience with income analysis, risk assessment, and mortgage compliance requirements.

• Proficiency with Loan Origination Systems (LOS), Automated Underwriting Systems (DU/LP), and document management systems.

• Strong analytical, decision-making, and communication skills.

• Ability to manage multiple loan files and meet deadlines in a high-volume environment.

• Exposure to underwriting tools (LOS) such as Encompass, CalyxPath, etc

Additional Information

• Shift: US Rotational Night Shifts

• Work Mode: Work from Office for the first 6 months, followed by Work from home.

Required skills

• Loan underwriter
• Mortgage loan
• Us mortgage loan
• Calyx path

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