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Polly · 1 month ago

Non-QM Underwriter

Dallas, TX

Full-time

Hybrid

Senior Level

7+ years exp

Polly is a pioneering company in mortgage capital markets technology, seeking a highly experienced Non-QM Underwriter to transition into a mortgage technology environment. The role involves converting complex underwriting guidelines into structured logic and validating pricing and eligibility outputs, while also serving as a subject-matter expert for investor guidelines.

Big DataComputerEnterprise SoftwareFinancial ServicesFinTech

Growth Opportunities

Responsibilities

Serve as the subject-matter expert for investor guidelines (Non-QM, Conforming, Jumbo) and program eligibility

Analyze, interpret, and translate complex investor guidelines including those for bank statements, DSCR, P&L, 1099s, and asset depletion into clear, structured logic for the pricing and eligibility engine

Update, maintain, and validate rules within the pricing engine to ensure all pricing (LLPAs, Spec Payups) and eligibility outputs are accurate and consistent with investor requirements

Proactively recommend improvements to guideline logic and system behavior to enhance efficiency and accuracy

Monitor, review, and interpret all investor communications (e.g., daily emails, notifications) for guideline, rate sheet (LLPA), and product changes

Determine the pricing and eligibility impact of changes and promptly implement them within the system (Polly), including adding new products and adjusting payups, often under same-day deadlines

Conduct systematic validation and testing of pricing and eligibility engine outputs

Troubleshoot and resolve escalated customer support tickets, which may involve full audits of existing investor configurations for content accuracy in eligibility and pricing

Qualification

Non-QM underwritingInvestor guidelines expertiseComplex income underwritingMortgage industry experienceAnalytical problem-solvingCustomer-centric communicationTechnical aptitudeAttention to detail

Required

7+ years of recent mortgage industry experience, with the last 5+ years focused on Non-QM, Non-Conforming, and Jumbo underwriting

Deep, practical expertise in investor guidelines for FNMA, FHLMC, and Non-QM programs, with the ability to accurately interpret and apply them

Specialized experience underwriting complex income, including bank statements, DSCR, 1099s, tax returns, and asset depletion

Technically adept and eager to transition into tech, with a desire to master rule engines, pricing models, workflow systems, and new platforms quickly. Savvy with tools like Excel

Analytical problem-solver with the ability to anticipate edge cases, think like both an underwriter and a systems analyst, and maintain a high level of detail and accuracy

Exceptional customer-centric communication skills, combining strong writing and verbal ability with empathy, diplomacy, and poise under pressure to resolve issues and explain technical concepts clearly