Condo Underwriter - Mortgage

Zions Bancorporation • Mesa, AZ

10d • Remote

About The Position

The Condo Underwriter is responsible for the end-to-end evaluation, approval, and management of condominium project eligibility for residential mortgage lending. This specialized role serves as the organization’s primary subject matter expert for condominium project reviews and manages the process from initial project research through final approval, documentation, and certification. The position evaluates condominium projects and related collateral risks to determine whether units are eligible for mortgage financing under applicable agency, investor, portfolio, and internal requirements. It does not underwrite credit, income, assets, or overall loan eligibility; its scope is limited to condominium project eligibility determinations.

This is a remote position within the Zions Bancorporation footprint. The role also supports project eligibility guidance, review procedures and training materials, project databases, quality and process improvements, and condominium-related systems and technology initiatives.

Requirements

• High school diploma or equivalent.
• At least five years of experience in condominium project review, including performing Fannie Mae and Freddie Mac condominium project reviews.
• Strong knowledge of condominium project eligibility requirements, mortgage lending guidelines, and applicable agency, investor, portfolio, and internal condominium project standards.
• Experience reviewing and analyzing condominium association budgets, financial statements, reserve studies, insurance policies, governing documents, and other complex legal, financial, insurance, and governance documentation to determine project eligibility and risk.
• Experience with Encompass, Condo Project Advisor, Condo Project Manager, and similar condominium review platforms.
• Strong analytical, organizational, and problem-solving skills.
• Excellent written and verbal communication skills.
• Ability to independently manage a workload while maintaining quality and accuracy.

Nice To Haves

• Experience performing FHA and VA condominium project reviews.

Responsibilities

• Research condominium projects to identify existing approvals, prior reviews, restrictions, and eligibility concerns.
• Determine whether an existing approval may be used or a new project review is required.
• Review project documentation and insurance coverage against applicable agency, investor, portfolio, and internal requirements.
• Evaluate project ownership, occupancy, financial, legal, governance, insurance, and other collateral-related risk factors.
• Identify documentation deficiencies, conditions, restrictions, and eligibility concerns, and document decisions and supporting analysis.
• Research and analyze complex eligibility issues, exceptions, and escalations; develop recommendations to support management decisions.
• Complete applicable Condo Project Advisor, Condo Project Manager, and other project certifications.
• Establish, monitor, and clear project-related conditions.
• Maintain accurate project approval records, supporting documentation, system updates, project databases, and reporting.
• Develop and maintain condominium review procedures, checklists, job aids, training materials, and decision tools.
• Provide condominium eligibility guidance and support to Sales, Fulfilment, Underwriting, and Management.
• Support quality, consistency, and continuous improvement of condominium review processes.
• Support workflow enhancements, process improvements, and technology initiatives related to condominium reviews.
• Assist with business requirements for Encompass and other condominium review systems.
• Identify opportunities to improve turnaround times, efficiency, controls, consistency, and scalability of the condominium lending program.

Benefits

• Medical, dental, and vision insurance starting day one.
• Life and disability insurance.
• Paid parental leave and adoption assistance.
• Health Savings Account (HSA), Flexible Spending Account (FSA), and dependent care accounts.
• Paid training and paid time off (PTO).
• 11 paid federal holidays.
• 401(k) plan with company match.
• Profit sharing.
• Competitive compensation in line with work experience.
• Mental health benefits, including coaching and therapy sessions.
• Tuition reimbursement for qualifying employees.
• Preferred banking products for employees.
• Employees may, at the company’s discretion, be eligible to receive a cash bonus award.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED