Remote 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 info@deephavenmortgage.com.Job OverviewIn this role, you will be responsible for evaluating 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.This role is remote with ability to work from any state in the U.S.What You’ll DoManually underwrite mortgage loan transactions submitted by our Correspondent and Wholesale lending clients to company and investor credit guidelinesPerform quality control audits of our third-party vendor to ensure mortgage loans meet all company and investor credit guidelines and requirementsReview loan scenarios and communicate purchase/funding eligibility requirements to our Correspondent and Wholesale lending clientsCollaborate 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 processAssist in handling loan-level credit and compliance questions & issues and in the preparation and dissemination of updated mortgage underwriting and compliance standards and proceduresAnalyze loan applications and conduct financial due diligence to assess the creditworthiness of borrowers and the risk associated with the loanEvaluate multi-family properties to determine their market value, condition, and potential for generating rental incomeReview financial statements, rent rolls, and property operating data to ensure that the property’s income can cover loan payments and expensesCollaborate with account executives, clients and stakeholders to gather nec...