Job Description
The Mortgage Underwriter is responsible for analyzing, evaluating, and underwriting residential mortgage loan applications across Conventional and Non-Qualified Mortgage (Non-QM) programs, including Debt Service Coverage Ratio (DSCR) loans and alternative documentation products. This role ensures compliance with investor, agency, company, and regulatory guidelines while assessing borrower eligibility, mitigating lending risk, and supporting timely loan decisions. The ideal candidate possesses strong analytical skills, attention to detail, and the ability to make sound underwriting decisions in a fast-paced mortgage lending environment. Key Responsibilities Review and underwrite residential mortgage loan applications, including Conventional, Non-QM, and DSCR loan products. Analyze borrower credit profiles, income, assets, employment history, financial stability, and collateral to determine loan eligibility and risk exposure. Evaluate alternative documentation loan programs, including bank statement, asset depletion, ITIN, 1099, and P&L-only loans. Calculate and assess Debt Service Coverage Ratios (DSCR) and perform complex income and risk analyses. Ensure compliance with agency, investor, company, federal, and state lending guidelines, including Fannie Mae, Freddie Mac, ATR/QM, TRID, RESPA, TILA, HMDA, HOEPA, and other applicable regulations. Perform manual underwriting when required and evaluate exception requests within established risk parameters. Issue loan approvals, conditional approvals, suspensions, or denials based on underwriting guidelines and risk assessment. Review loan documentation for accuracy, completeness, consistency, and regulatory compliance, identifying discrepancies and potential risk factors. Communicate underwriting requirements and decisions to loan officers, account executives, brokers, processors, and other stakeholders. Review resubmitted conditions and documentation to ensure timely loan processing and closing. Maintain accurate records
