Job Title: Non-QM Mortgage Underwriter
Location: Great Neck, NY
Department: Mortgage Underwriting
Reports to: Underwriting Manager

Job Overview:
We are looking for a skilled Non-QM Mortgage Underwriter to join our team. In this position, you will be responsible for reviewing, analyzing, and making decisions on complex non-qualified mortgage (non-QM) loan applications. The ideal candidate will possess a thorough understanding of non-QM guidelines and demonstrate the ability to assess risk while ensuring compliance with company policies and federal regulations.

Key Responsibilities:

• Review and evaluate non-QM mortgage loan applications and supporting documentation.
• Analyze credit, income, and asset documentation for self-employed borrowers and non-traditional income sources.
• Apply knowledge of non-QM guidelines, investor overlays, and federal regulations.
• Accurately calculate income and debt-to-income (DTI) ratios.
• Identify and mitigate risks by assessing borrower creditworthiness and collateral value.
• Ensure compliance with company policies, investor guidelines, and state/federal regulations.
• Maintain clear documentation of the underwriting process.
• Collaborate with loan officers, processors, and other stakeholders to resolve outstanding issues.
• Provide excellent customer service and ensure timely review of applications.
• Make decisions regarding loan approvals, suspensions, or denials based on risk assessment.
• Stay informed about non-QM market trends and guidelines.

Qualifications:

• 3-5 years of mortgage underwriting experience, specifically with non-QM products.
• Strong understanding of non-QM loan programs, including alternative income documentation.
• Experience with Automated Underwriting Systems (AUS) and manual underwriting.
• Knowledge of federal and state mortgage regulations.
• Ability to analyze complex borrower profiles and non-traditional income sources.
• Excellent attention to detail and ability to manage multiple priorities.
• Strong communication and decision-making skills.
• Proficiency with mortgage loan origination systems (LOS), specifically Encompass, and related software.

Benefits:

• Competitive salary
• Health, dental, and vision insurance
• 401(k) retirement plan with company match
• Short and long-term disability coverage
• Group life and AD&D insurance
• Paid time off (PTO) and holiday pay

Equal Opportunity Employer:
Wall Street Mortgage Bankers, Ltd. DBA Power Express is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

Job Type: Full-time
Pay Range: $67,301.00 - $73,249.00 per year

Thank you for your interest! 

If your background aligns with our clients needs, one of our Recruiters will reach out. Please Check your spam folder and voicemail for messages from our recruiters.

Unfortunately due to high volumes of applicants, we may not be able  to respond to those who are not a fit.  If you do not hear from us regarding this application, please know we do appreciate your interest and encourage you to continue to keep an eye on our website for new opportunities.