ZipRecruiter

Log In

1

Non Qm Underwriter Jobs (NOW HIRING)

Deephaven

Remote Non QM Underwriter

$52.88/hr

Recent, hands-on non-QM underwriting experience is required, including, but not limited to: * DSCR * Bank Statement (personal & business) * P&L-only qualification * Asset Depletion * Multi-family

Atlantic Coast Mortgage

Jumbo/ Non-QM Underwriter

The Jumbo/ Non-QM Underwriter underwrites all levels of complexity of mortgage loan applications and evaluates loans in order to maximize organizational profit and minimize risk or loss with a ...

Homexpress Mortgage Corp

Underwriter

Tampa, FL

$70K - $80K/yr

Company Description HomeXpress - Your Leading Non-QM Mortgage Lender Join our growing team and be ... Assisting Underwriters as needed to move pipeline in a forward trajectory * Verify completeness of ...

HomeXpress Mortgage Corp

Underwriter

Tampa, FL · On-site +1

$70K - $80K/yr

Company Description HomeXpress - Your Leading Non-QM Mortgage Lender Join our growing team and be ... Assisting Underwriters as needed to move pipeline in a forward trajectory * Verify completeness of ...

Homexpress Mortgage Corp

Underwriter

Santa Ana, CA

$70K - $80K/yr

Company Description HomeXpress - Your Leading Non-QM Mortgage Lender Join our growing team and be ... Assisting Underwriters as needed to move pipeline in a forward trajectory * Verify completeness of ...

HomeXpress Mortgage Corp

Underwriter

Santa Ana, CA · On-site +1

$70K - $80K/yr

Company Description HomeXpress - Your Leading Non-QM Mortgage Lender Join our growing team and be ... Assisting Underwriters as needed to move pipeline in a forward trajectory * Verify completeness of ...

previous pagenext page

Showing results 21-40

All JobsFinance and Insurance JobsLoan JobsLoan Underwriter JobsNon Qm Underwriter Jobs

Non Qm Underwriter information

See salary details

$32.5K

$78.9K

$139.5K

How much do non qm underwriter jobs pay per year?

As of Aug 29, 2026, the average yearly pay for non qm underwriter in the United States is $78,878.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,000.00 and $87,000.00 per year, depending on experience, location, and employer.

What is a Non QM Underwriter?

A Non-QM Underwriter is responsible for evaluating mortgage loan applications that fall outside the guidelines of Qualified Mortgage (QM) standards. They assess factors like income, credit history, and asset documentation to determine a borrower’s ability to repay. These loans may involve alternative income documentation, such as bank statements or asset depletion, making the underwriting process more complex. Non-QM underwriters must analyze risk while ensuring loans comply with lender and investor guidelines. Their expertise helps expand homeownership opportunities for borrowers who don’t qualify for traditional mortgage loans.

What are the key skills and qualifications needed to thrive as a Non QM Underwriter?

To thrive as a Non QM Underwriter, you need a deep understanding of mortgage industry guidelines, risk assessment, and complex income analysis, typically supported by experience in non-qualified mortgage (Non-QM) underwriting. Familiarity with loan origination systems (LOS), automated underwriting systems, and knowledge of both traditional and alternative documentation requirements is highly valued. Strong analytical thinking, attention to detail, and effective communication skills help underwriters interpret non-standard borrower profiles and explain their decisions. These competencies are crucial for accurately evaluating unconventional loan applications while ensuring regulatory compliance and minimizing organizational risk.

What are the typical challenges a Non QM Underwriter faces in their daily work?

Non QM Underwriters often encounter unique challenges due to the complexity and variability of income sources, credit histories, and asset documentation among Non-QM borrowers. Unlike standard mortgage underwriting, evaluating non-traditional applicants requires in-depth analysis and a high level of judgment to determine risk and eligibility. Collaboration with loan officers, processors, and managers is common to ensure all necessary information is gathered and evaluated. You'll also need to stay current with evolving industry regulations and investor requirements in the Non-QM space. Successfully navigating these challenges is rewarding and helps develop strong expertise in a rapidly growing segment of the mortgage industry.

More about Non Qm Underwriter jobs

What cities are hiring for Non Qm Underwriter jobs?

Cities with the most Non Qm Underwriter job openings:

What are the most commonly searched types of Non Qm Underwriter jobs?

The most popular types of Non Qm Underwriter jobs are:

What states have the most Non Qm Underwriter jobs?

States with the most job openings for Non Qm Underwriter jobs include:

What job categories do people searching Non Qm Underwriter jobs look for?

The top searched job categories for Non Qm Underwriter jobs are:

Non Qm Underwriter jobs near you
Infographic showing various Non Qm Underwriter job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 78% Full Time, 17% Part Time, 3% Contract, and 1% Nights. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $78,878 per year, or $37.9 per hour.

Remote Non QM Underwriter

Deephaven

Remote

$52.88/hr

Full-time

Medical, Retirement

Re-posted 5 days ago

Job description

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 Overview
In 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 Do
  • Manually underwrite mortgage loan transactions submitted by our Correspondent and Wholesale lending clients to company and investor credit guidelines
  • Perform quality control audits of our third-party vendor to ensure mortgage loans meet all company and investor credit guidelines and requirements
  • Review loan scenarios and communicate purchase/funding eligibility requirements to our Correspondent and Wholesale lending clients
  • Collaborate 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 process
  • Assist in handling loan-level credit and compliance questions & issues and in the preparation and dissemination of updated mortgage underwriting and compliance standards and procedures
  • Analyze loan applications and conduct financial due diligence to assess the creditworthiness of borrowers and the risk associated with the loan
  • Evaluate multi-family properties to determine their market value, condition, and potential for generating rental income
  • Review financial statements, rent rolls, and property operating data to ensure that the property's income can cover loan payments and expenses
  • Collaborate with account executives, clients and stakeholders to gather necessary information and provide feedback on loan applications
  • Recommend loan structuring and terms that mitigate potential risks while meeting the needs of borrowers and lenders
  • Make informed decisions about whether to approve, deny, or modify loan applications based on comprehensive analysis and risk assessment

Job Requirements
  • Recent, hands-on non-QM underwriting experience is required, including, but not limited to:
    • DSCR
    • Bank Statement (personal & business)
    • P&L-only qualification
    • Asset Depletion
    • Multi-family
  • Experience underwriting HELOCs and 2nd mortgages strongly preferred
  • 5+ years of experience as an underwriter
  • Ability to manually calculate income across all non-QM programs, including complex self-employed borrower profiles, layered income sources, and variable cash flow
  • Demonstrated ability to independently review and clear:
    • Title commitments & supporting documentation
    • Appraisal reports (including complex or unique property types)
    • Full condo project reviews (warrantable, non-warrantable, new construction, and small projects)
  • Proficiency in Encompass, with the ability to navigate workflows, analyze documentation, and manage conditions efficiently
  • High-volume underwriting background, managing 50+ initial underwrites per month while maintaining quality, accuracy, and fast SLAs
  • Strong understanding of non-QM guidelines, investor overlays, compensating factors, and risk layering
  • Excellent communication skills with the ability to clearly document decisions and collaborate with sales, processors, and closers
  • Strong critical thinking, independent decision-making, and problem-solving skills
  • Commitment to loan quality, compliance, and responsible lending

Compensation
The sarlary range for this role begins at $52.88 per hour, plus a performance based monthly incentive plan.
Privacy Policy
This organization participates in E-Verify
Our Perks
Flexible Time to Recharge - Personalized Time Off for What Matters (because rest isn't one-size fits all)
Future Finance Focused - Generous employer-matched 401(k) plan
Community Connect- Philanthropy Committee that creates charitable initiatives
Health from Day One - Comprehensive health insurance starting on day one of employment
Family Matters - Competitive maternity and paternity leave
Culture & Celebrations - Culture Committee with team-building events and celebrations
Ideas Welcome - Encouraging thought leadership and innovation
Guidance & Growth - Mentorship opportunities for career development
Perk Up - Exclusive discounts on travel, tech, pets, legal, and more

Apply