Jumbo and Non-QM Underwriter

Jumbo and Non-QM Underwriter

Fully Remote Remote - Tucson, AZ 85711

Description

Core Values

Provide our customers with the best combination of service, rates, and fees. Promote sustainable careers for our employees so that they can be enriched personally and professionally. Give back to our community. These are the core values of NOVA Home Loans in which we act on employee feedback and implement changes that will make NOVA Home Loans a better place to work and promote a higher level of service to our clients.

The Jumbo and Non-QM Underwriter is responsible for reviewing, conditioning, and underwriting Jumbo and Non-QM mortgage loans in accordance with company policies, investor guidelines, and regulatory requirements. This position ensures accuracy, completeness, and compliance with all loan documentation while delivering timely credit decisions and supporting the underwriting team with guidance and expertise.

Evolving as a Jumbo and Non-QM Underwriter by having

• High School Diploma or GED required; college degree preferred.
• Minimum of five (5) years of recent underwriting experience in Jumbo and Non-QM products required.
• Strong knowledge of non-conforming/non-agency Jumbo and Non-QM loan programs.
• Superior knowledge of property and credit underwriting requirements for FNMA, FHLMC, Non-Agency Jumbo, Non-QM, and private investor guidelines.
• Strong working knowledge of automated mortgage LOS and underwriting systems required; experience with Encompass preferred.

Exciting Opportunities to Grow by

• Review and underwrite loan submissions in accordance with FNMA, FHLMC, Non-Agency Jumbo, Non-QM, and other private investor guidelines, as well as internal overlays.
• Perform credit, income, and property analysis for conventional, Jumbo, and Non-QM loan files, including complex financial profiles.
• Accurately analyze tax returns, calculate income, and assess borrower eligibility for complex or atypical financial scenarios.
• Identify and assess loan risk factors related to borrower credit, collateral, and loan structures.
• Maintain production and quality standards as established by management.
• Clearly communicate credit decisions and conditions to internal staff and external partners.
• Assist the VP of Underwriting, including support on the scenario desk and managing email inquiries from the field and other underwriters.
• Underwrite multiple investors' Jumbo and Non-QM products in a changing market and regulatory environment.
• Perform other duties as assigned.

Show us your growth with

• In-depth knowledge of federal, state, and local mortgage lending regulations and compliance requirements.
• Ability to make sound, well-documented underwriting decisions.
• Strong attention to detail, accuracy, and consistency in credit decisioning.
• Ability to manage sensitive information with the highest level of confidentiality.
• Excellent written and verbal communication skills.
• Superior analytical, organizational, and problem-solving skills.
• Strong proficiency with Microsoft Word, Excel, Outlook, and mortgage LOS systems.
• Ability to work both independently and collaboratively in a fast-paced, deadline-driven environment.
• Professionalism and adaptability under pressure.

Benefits Offered...

NOVA benefits to full-time employees include Employee Discount, Paid Time off, Health/Dental/Vision/Life/Disability Insurance, 401(k) with an employer match, Health Savings Account with employer contribution, and an Employee Assistance Program

NOVA is an equal opportunity employer, substance-free workplace, and complies with the Americans with Disability Act regulations as applicable.

All applicants are considered for all positions without regard to race, religion, color, sex, gender, sexual orientation, pregnancy, age, national origin, ancestry, physical/mental disability, medical condition, military/veteran status, genetic information, marital status, ethnicity, alienage, or any other protected classification, in accordance with applicable federal, state, and local laws. Equal access to programs, services, and employment is available to all qualified persons. Those applicants requiring accommodation to complete the application and/or interview process should contact the Human Resources department at NOVA Home Loans.