Mortgage Underwriter

Equity Resources, Inc•Newark, NJ

20h•Hybrid

About The Position

Equity Resources is seeking an experienced mortgage underwriter for a family-owned company that recognizes employee contributions and has a philosophy of no layoffs during the down-season. The company's goal is to Improve the Lives of Families, and they offer a fun and friendly environment where employees work together to meet daily goals. Remote work is available for candidates outside of Central Ohio, while candidates local to Central Ohio will work a structured hybrid schedule from their corporate office in Newark's historic downtown square.

Requirements

Minimum HS diploma or equivalent.
Minimum of 2 years’ DE Underwriting experience with conventional and FHA loans.
Proficient in Microsoft Word, Excel, and Outlook; experience with an electronic mortgage processing systems required (Encompass preferred).
Must reside in a state in which Equity Resources is currently licensed.
Excellent written and verbal communication and customer service skills; able to interact professionally with employees, vendors, and lenders.
Ability to comprehend and follow complex written and oral instructions.
Work independently with minimal supervision, applying sound judgment and attention to detail.
Ability to manage high-stress situations and work overtime as needed.

Nice To Haves

Bachelor’s Degree in Business, Finance, or related field preferred.
USDA/VA experience a plus.
Knowledge in USDA & VA loan programs is preferred but not required.

Responsibilities

Approve saleable loans with the information provided by the next day.
Underwrite all loans under FNMA, FHLMC, and FHA (may include USDA & VA) loan programs.
Maintain knowledge of investor programs and overlays and communicate any changes to staff.
Monitor pipeline daily and self-assigned preapprovals.
Make underwriting decisions based on risk assessment, taking into consideration the 4 C’s of underwriting: Capacity, Credit, Collateral, and Cash.
Deliver high-quality service with 24-hour turn times and timely updates to Mortgage Specialists.
Maintain knowledge of investor overlays and expertise in FNMA, FHLMC, and FHA. Knowledge in USDA & VA loan programs is preferred but not required.
Analyze and report loan quality issues and monitor corrective actions.
Uphold strict fraud prevention, confidentiality and ethical standards set by Equity Resources.
Adapt to changing circumstances and adjusting daily priorities as needed.
Assist other Underwriters with daily volume.
Perform additional duties as needed to support team and company goals.

Benefits

Remote work is available for candidates located outside of Central Ohio.
Structured hybrid schedule for candidates local to Central Ohio.
Flexible hours: 8:30 AM – 5:00 PM with a 30-minute lunch, or 8 AM – 5 PM / 8:30 AM – 5:30 PM with a 1-hour lunch.
Generous PTO
10 paid holidays
A day off for your birthday!
Full benefits package (including pet insurance!) first of the month after your first 30 days.
Medical insurance
Dental insurance
Vision insurance
401(k) option with a generous company match
$500 for each borrower you refer
Up to $5,000 for referring an experienced Loan Officer.