Jumbo and Non-QM Underwriter
NOVA® Home Loans, Tucson, AZ, United States
Overview
The Jumbo and Non-QM Underwriter is responsible for reviewing, conditioning, and underwriting Jumbo and Non-QM mortgage loans in accordance with company policies, investor guidelines, and regulatory requirements. This position ensures accuracy, completeness, and compliance with all loan documentation while delivering timely credit decisions and supporting the underwriting team with guidance and expertise.
Core Values : Provide our customers with the best combination of service, rates, and fees. Promote sustainable careers for our employees so that they can be enriched personally and professionally. Give back to our community. These are the core values of NOVA Home Loans in which we act on employee feedback and implement changes that will make NOVA Home Loans a better place to work and promote a higher level of service to our clients.
Responsibilities
Review and underwrite loan submissions in accordance with FNMA, FHLMC, Non-Agency Jumbo, Non-QM, and other private investor guidelines, as well as internal overlays.
Perform credit, income, and property analysis for conventional, Jumbo, and Non-QM loan files, including complex financial profiles.
Analyze tax returns, calculate income, and assess borrower eligibility for complex or atypical financial scenarios.
Identify and assess loan risk factors related to borrower credit, collateral, and loan structures.
Maintain production and quality standards as established by management.
Clearly communicate credit decisions and conditions to internal staff and external partners.
Assist the VP of Underwriting, including support on the scenario desk and managing email inquiries from the field and other underwriters.
Underwrite multiple investors’ Jumbo and Non-QM products in a changing market and regulatory environment.
Perform other duties as assigned.
Growth Opportunities
Show evidence of growth through expanding knowledge of federal, state, and local mortgage lending regulations and compliance requirements.
Demonstrate the ability to make sound, well-documented underwriting decisions with strong attention to detail and consistency in credit decisioning.
Manage sensitive information with the highest level of confidentiality.
Demonstrate excellent written and verbal communication skills, analytical, organizational, and problem-solving abilities.
Proficiency with Microsoft Word, Excel, Outlook, and mortgage LOS systems; experience with Encompass preferred.
Qualifications
High School Diploma or GED required; college degree preferred.
Minimum of five (5) years of recent underwriting experience in Jumbo and Non-QM products required.
Strong knowledge of non-conforming
on-agency Jumbo and Non-QM loan programs.
Superior knowledge of property and credit underwriting requirements for FNMA, FHLMC, Non-Agency Jumbo, Non-QM, and private investor guidelines.
Strong working knowledge of automated mortgage LOS and underwriting systems required; experience with Encompass preferred.
Benefits
NOVA benefits for full-time employees include Employee Discount, Paid Time Off, Health/Dental/Vision/Life/Disability Insurance, 401(k) with employer match, Health Savings Account with employer contribution, and an Employee Assistance Program.
NOVA is an equal opportunity employer , substance-free workplace, and complies with the Americans with Disabilities Act regulations as applicable. All applicants are considered for all positions without regard to race, religion, color, sex, gender, sexual orientation, pregnancy, age, national origin, ancestry, physical/mental disability, medical condition, military/veteran status, genetic information, marital status, ethnicity, alienage, or any other protected classification, in accordance with applicable federal, state, and local laws. Equal access to programs, services, and employment is available to all qualified persons. Those applicants requiring accommodation to complete the application and/or interview process should contact the Human Resources department at NOVA Home Loans.
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The Jumbo and Non-QM Underwriter is responsible for reviewing, conditioning, and underwriting Jumbo and Non-QM mortgage loans in accordance with company policies, investor guidelines, and regulatory requirements. This position ensures accuracy, completeness, and compliance with all loan documentation while delivering timely credit decisions and supporting the underwriting team with guidance and expertise.
Core Values : Provide our customers with the best combination of service, rates, and fees. Promote sustainable careers for our employees so that they can be enriched personally and professionally. Give back to our community. These are the core values of NOVA Home Loans in which we act on employee feedback and implement changes that will make NOVA Home Loans a better place to work and promote a higher level of service to our clients.
Responsibilities
Review and underwrite loan submissions in accordance with FNMA, FHLMC, Non-Agency Jumbo, Non-QM, and other private investor guidelines, as well as internal overlays.
Perform credit, income, and property analysis for conventional, Jumbo, and Non-QM loan files, including complex financial profiles.
Analyze tax returns, calculate income, and assess borrower eligibility for complex or atypical financial scenarios.
Identify and assess loan risk factors related to borrower credit, collateral, and loan structures.
Maintain production and quality standards as established by management.
Clearly communicate credit decisions and conditions to internal staff and external partners.
Assist the VP of Underwriting, including support on the scenario desk and managing email inquiries from the field and other underwriters.
Underwrite multiple investors’ Jumbo and Non-QM products in a changing market and regulatory environment.
Perform other duties as assigned.
Growth Opportunities
Show evidence of growth through expanding knowledge of federal, state, and local mortgage lending regulations and compliance requirements.
Demonstrate the ability to make sound, well-documented underwriting decisions with strong attention to detail and consistency in credit decisioning.
Manage sensitive information with the highest level of confidentiality.
Demonstrate excellent written and verbal communication skills, analytical, organizational, and problem-solving abilities.
Proficiency with Microsoft Word, Excel, Outlook, and mortgage LOS systems; experience with Encompass preferred.
Qualifications
High School Diploma or GED required; college degree preferred.
Minimum of five (5) years of recent underwriting experience in Jumbo and Non-QM products required.
Strong knowledge of non-conforming
on-agency Jumbo and Non-QM loan programs.
Superior knowledge of property and credit underwriting requirements for FNMA, FHLMC, Non-Agency Jumbo, Non-QM, and private investor guidelines.
Strong working knowledge of automated mortgage LOS and underwriting systems required; experience with Encompass preferred.
Benefits
NOVA benefits for full-time employees include Employee Discount, Paid Time Off, Health/Dental/Vision/Life/Disability Insurance, 401(k) with employer match, Health Savings Account with employer contribution, and an Employee Assistance Program.
NOVA is an equal opportunity employer , substance-free workplace, and complies with the Americans with Disabilities Act regulations as applicable. All applicants are considered for all positions without regard to race, religion, color, sex, gender, sexual orientation, pregnancy, age, national origin, ancestry, physical/mental disability, medical condition, military/veteran status, genetic information, marital status, ethnicity, alienage, or any other protected classification, in accordance with applicable federal, state, and local laws. Equal access to programs, services, and employment is available to all qualified persons. Those applicants requiring accommodation to complete the application and/or interview process should contact the Human Resources department at NOVA Home Loans.
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