Mortgage Underwriter

Capital Bancorp Plc•Rockville, MD

3d•$80,000 - $105,000

About The Position

Underwrite a minimum of three new loan files per day Review, analyze, and clear updated and conditioned loan files within required turn times Maintain CBHL-mandated turn times for new submissions, resubmissions, and condition reviews Monitor and respond to CSM scenarios within required timeframes Provide underwriting and eligibility support to other Capital Bank departments as needed Underwrite FHA, VA, USDA, Conventional, Non-Agency, and Jumbo loan products in accordance with company policy and investor overlays Perform new and established condominium project reviews, including warranty and eligibility determinations, in accordance with agency and investor guidelines Analyze loan documentation and data for accuracy, completeness, and overall soundness Identify and assess credit, income, asset, and collateral risk factors Review appraisals and collateral documentation, including condominium and PUD projects Support Loan Officers during the borrower qualification and structuring process Remain current on investor, agency, and regulatory guideline updates impacting underwriting and condominium project eligibility decisions

Requirements

High School Diploma or equivalent required
Minimum of five years of experience underwriting agency mortgage loans
Minimum of five years of experience underwriting secondary market guidelines
Minimum of two years of experience with Jumbo and Non-Agency products
FHA Direct Endorsement (CHUMS) designation required
VA SAR/LAPP designation required
Advanced income analysis, including complex self-employed and variable income scenarios
Credit risk analysis and interpretation
Appraisal and collateral review, including condominium and PUD projects
Ability to accurately interpret and apply agency, investor, and condominium project guidelines
Strong problem-solving, critical thinking, and decision-making skills
Clear and professional written and verbal communication
Constant and consistent attention to detail

Nice To Haves

USDA underwriting experience preferred
Housing Finance Agency experience required (DC, DE, FL, VA, MD preferred)
Bachelor's degree preferred
Strong teamwork and customer service orientation
Excellent organizational skills and ability to manage multiple priorities
High sense of urgency and accountability for deadlines and assignments
Ability to work effectively in a fast-paced environment
Proficiency with Fannie Mae Desktop Underwriter and Freddie Mac Loan Product Advisor
Encompass LOS experience preferred

Responsibilities

Underwrite a minimum of three new loan files per day
Review, analyze, and clear updated and conditioned loan files within required turn times
Maintain CBHL-mandated turn times for new submissions, resubmissions, and condition reviews
Monitor and respond to CSM scenarios within required timeframes
Provide underwriting and eligibility support to other Capital Bank departments as needed
Underwrite FHA, VA, USDA, Conventional, Non-Agency, and Jumbo loan products in accordance with company policy and investor overlays
Perform new and established condominium project reviews, including warranty and eligibility determinations, in accordance with agency and investor guidelines
Analyze loan documentation and data for accuracy, completeness, and overall soundness
Identify and assess credit, income, asset, and collateral risk factors
Review appraisals and collateral documentation, including condominium and PUD projects
Support Loan Officers during the borrower qualification and structuring process
Remain current on investor, agency, and regulatory guideline updates impacting underwriting and condominium project eligibility decisions