Mortgage Underwriter

Job Description

As a Non-QM DSCR Underwriter, you will be responsible for the comprehensive analysis and evaluation of residential mortgage loan applications outside of standard agency guidelines (Non-QM), including Debt Service Coverage Ratio (DSCR) products. You will ensure loans comply with company and private investor guidelines while minimizing risk exposure. The ideal candidate demonstrates strong analytic skills, attention to detail, and the ability to make sound underwriting decisions in a fast-paced wholesale mortgage environment.

Key Responsibilities

• Review and underwrite Non-QM and DSCR mortgage loans, including alternative documentation products such as asset depletion, bank statement, ITIN, 1099, and P&L only loans.
• Analyze borrower credit, income, assets, and collateral to determine eligibility and risk.
• Ensure loans meet investor and company guidelines, including regulatory and compliance standards (ATR/QM, TRID, RESPA, TILA, HMDA, HOEPA).
• Perform manual underwriting and provide recommendations for underwriting waivers or eligibility exceptions.
• Issue clear and compliant loan decisions and promptly review resubmitted documentation.
• Respond to loan audits and post-closing requests for additional documentation.
• Collaborate with Account Executives, brokers, processors, and internal teams to ensure timely and accurate loan processing.
• Stay current with Non-QM product offerings, investor guidelines, and secondary market changes.
• Contribute to process improvement initiatives to enhance efficiency, service levels, and loan quality.

Qualifications

• Experience: 2+ years current experience underwriting Non-QM mortgage loans, specifically DSCR products
• Profound knowledge of Non-QM loan programs and alternative documentation requirements.
• Ability to perform complex income and risk analyses, including DSCR calculations.
• Strong understanding of secondary market requirements and investor guidelines.
• Proficiency with automated underwriting systems (DU, LP) and electronic document management systems.
• Excellent analytical, critical thinking, and problem-solving skills.
• Strong written and verbal communication skills for effective collaboration.
• High attention to detail and the ability to manage multiple priorities in a fast-paced environment.
• Interview will be held in Bangalore or Chennai and Work location in Kochi.

Last date of submission is 24-07-2026 and Interview will be till 26-07-2026.