Verus Mortgage Capital · 2 months ago
Non-Agency (Non-QM) Underwriter
United States
Full-time
Remote
Mid Level
$90K/yr - $100K/yr
3+ years expVerus Mortgage Capital is seeking a Non-Agency (Non-QM) Underwriter to provide support in all aspects of the underwriting process for a variety of mortgage products and property types. The role involves underwriting loans to ensure they meet guidelines and collaborating with internal and external partners to resolve underwriting issues.
AccountingBankingFinancial ServicesLendingMortgage
Responsibilities
Underwrite credit, property, and applicable compliance documents (i.e. title, fraud reports, etc.) to ensure loans meet guidelines and represent an acceptable level of risk for origination. Strong underwriting knowledge of tax returns both business and personal and P&L statements are a necessity. Knowledge of bank statement income determination a definite plus
Communicate, solve and/or research underwriting issues, conditions, and/or concerns and present findings to address with brokers and/or internal partners
Review underwriting exception requests, determine compensating factors and present recommendations to exception approvers via system and process
Willingness to work within the Operational team daily to identify prioritization of files, conditions, etc. as well as any other duties necessary to acquire assets or as assigned by management
Qualification
Required
A minimum of 3 years current non-agency (non-qm) & alternative doc mortgage underwriting experience is required
High School Diploma or equivalent
In depth knowledge of mortgage underwriting, mortgage product guidelines and the mortgage production process
Current knowledge of state and federal compliance and regulatory environment
Working knowledge of Microsoft Office suite with high degree of comfort with excel and review of spreadsheet data
Strong oral and written communication skills
Ability to work both independently and collaboratively within a small team environment
Experience and proven ability to establish relationships internally and externally with sales, brokers, processors, etc
Skilled in underwriting a variety of loan documents and ensuring compliance with guidelines and regulations
Able to assess complex financial data (tax returns, P&Ls, bank statements) to evaluate risk
Clearly communicates decisions and collaborates with brokers and internal teams
Comfortable using Excel and mortgage-related systems to review and analyze data
Resolves underwriting issues and handles exception requests with sound judgment
Works flexibly with operations and adapts to shifting priorities
Preferred
Knowledge of business purpose loan transactions a plus
Experience working with 3rd party providers a plus
Benefits
Great compensation package
Attractive benefits plans and paid time off
401(k) w/ company matching
Professional learning and development opportunities
And much more!
Company
Verus Mortgage Capital
Verus is a mortgage investor filling the credit void in today’s mortgage market, acquires responsible non-agency mortgage loans.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Dane Smith
President
Recent News
2025-03-10
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