Heat a large pot over medium heat.
Add ground beef, chopped onion, and minced jalapeno pepper.
Cook and stir until the beef is browned and crumbly, about 5 to 7 minutes.
Drain any excess grease from the pot.
Add water, crushed tomatoes, pinto beans, corn, black beans, diced tomatoes with green chiles, black olives, ranch dressing mix, and taco seasoning mix.
Stir everything together until well combined.
Bring the soup to a boil.
Reduce the heat and simmer until the soup is heated through and the flavors combine.
Serve warm with your favorite toppings.