Non-QM Mortgage Analyst

Summary: Hudson Advisors is a dedicated asset manager and investment manager for the Lone Star Funds, a leading global diversified private equity firm. They are seeking a Non-QM Mortgage Scenario Desk Analyst to join their U.S. Residential Credit team, focusing on engaging with mortgage sellers on complex Non-QM exceptions and loan level pricing situations while developing a strong understanding of the Non-QM credit box and underwriting processes. Responsibilities: - Develop a strong working knowledge of the Lone Star Residential Non-QM credit box, loan eligibility framework, and rate sheet / pricing construct - Engage and discuss exceptions across senior underwriters at Non-QM mortgage companies, external Third-Party-Review (TPR) diligence firms, and senior leadership at Hudson - Review mortgage underwriting exceptions at initial lock stage, with a focus on ensuring that any approved loan meets applicable law (ATR) and rated securitization requirements (i.e. TPR Grading) - Support decision-making across credit exceptions, pricing exceptions, unique collateral types, documentation gaps, and other non-standard loan scenarios - Learn to manually underwrite Non-QM loan products, including Bank Statement qualifying income analysis, DSCR, and Asset Depletion programs - Apply sound judgment to evaluate nuanced scenarios holistically and escalate appropriately when a loan falls outside standard guidelines or presents elevated risks - Maintain organized and timely execution across a high volume of time-sensitive scenario reviews and deliverables Required Qualifications: - No required experience in Non-QM mortgages. However, strong desire to build a career in mortgages and structured products - Ability to work autonomously and as a member of a team - Ability to handle multiple projects at the same time - Ability to work in a dynamic, deadline-driven environment with low to moderate supervision - Proficient in Microsoft Word, Excel, and Outlook - Bachelor's degree required (or expected completion by June 2026) - Proficiency in Word, Excel, Teams, Outlook and PowerPoint required Preferred Qualifications: - Experience with manual underwriting and Bank Statement Income analysis, a plus - Experience with Non-QM exceptions, or underwriting escalations, a plus - Experience with mortgage compliance and disclosure requirements, a plus - 0–3 years of relevant work experience in mortgage lending, underwriting support, loan scenario review, diligence, lock desk, capital markets support, or related functions preferred Required Skills: Manual Underwriting, Bank Statement Income Analysis, Debt Service Coverage Ratio (DSCR) Analysis, Asset Depletion Programs, Mortgage Compliance, Mortgage Disclosure Requirements, Microsoft Word, Microsoft Excel, Microsoft Outlook, Microsoft Teams, Microsoft PowerPoint, Analytical Instincts, Sound Judgment, Work Autonomously, Handle Multiple Projects, Work in a Dynamic Environment Benefits: Employer-provided insurance, Paid or unpaid time off work, The availability of or contributions towards retirement or savings funds, such as 401(k) plans, Severance pay, Overtime pay