Senior Mortgage Underwriter

Silverton Mortgage•Atlanta, GA

2d•Remote

About The Position

Silverton Mortgage is a people-first organization that values giving back through The Silverton Foundation. They offer extensive product lines and an in-house loan process for a competitive edge. This role is for an Underwriter III in the Underwriting Department, with a remote-eligible workstyle. The Underwriter III reviews and evaluates conventional, FHA, VA, and specialty product loans to determine borrower credit worthiness, assess company risk, and ensure compliance with federal, state, and company lending guidelines and regulations. This role is responsible for maintaining consistency in credit quality, decisions, process flow, and customer service while determining mortgage loan approval.

Requirements

Minimum of 5 years’ experience underwriting conventional, FHA, and VA mortgage loans.
Direct Endorsement (DE)
Staff Appraisal Reviewer/Lender Appraisal Processing Program (SAR/LAPP)
VA Credit Authority Knowledge
Excellent understanding of investor, agency and government guidelines and systems.
Excellent written and verbal communication skills along with solid computer skills.
Analytical thinker and consultative mind to support both team members and managers in all areas of the business.
Goal-oriented, self-motivated with the capacity to meet and exceed assigned goals.
Willing to learn, industrious, determined, and assertive.
Excellent organizational skills and the ability to multitask to complete a wide variety of tasks.
Strong people skills with ability to interact with all internal teams and external customers.
Must be able to maintain sensitive and confidential information.
Diligence to ensure tasks are completed thoroughly and on time.

Nice To Haves

College degree preferred.

Responsibilities

Ensures conventional, FHA, VA, and specialty product loans are compliant and eligible in the secondary market by completing a full credit and risk analysis of the loan file, which includes reviewing the real estate contract, title documents, borrower’s ability to repay and agency requirements.
Consistently exceeds volume metric of two initial submissions per day with an average of ten loan files per week.
Reviews the borrower’s credit history to assess their credit worthiness and ability to repay, including credit report, credit scores, payment history, debt-to-income ratios, and other financial criteria.
Verifies borrower’s assets (e.g., savings, investments, real estate holdings) to ensure sufficient funds and checks for existing debt that may impact repayment.
Considers the borrower’s ability to make monthly mortgage payments based on income, employment status, and debt-to-equity ratio, and confirms borrower’s income and certifies income calculations.
Reviews title reports to confirm legal ownership and any liens or encumbrances on the property, and reviews the appraisal to evaluate the condition of the property being financed.
Uses automated underwriting systems for initial risk scoring and performs manual underwriting for complex cases and analyzing compensation factors.
Manages risk and prevents fraud in the lending process by identifying and addressing potential red flags in the loan application and supporting documents.
Confirms loan meets lender & regulatory guidelines (e.g. conventional, FHA, and VA loan requirements).
Ensures compliance with federal & state lending laws (e.g., Truth in Lending Act, Equal Credit Opportunity Act).
Reviews all documentation in the file to ensure it meets applicable agency or investor guidelines.
Issues a conditional approval if additional documentation or explanation is required.
Documents underwriting decisions in the Loan Operating System regarding approval to assist with post-closing, quality control, or management.
Communicates with Loan Originators, Processors, and Closers that the loan is CTC (Clear to Close).
Works with Loan Originators, Processors, borrowers, and other stakeholders to answer and/or clarify any questions or concerns regarding underwriting decisions, guidelines or conditions.
Assists with internal/external audit requests.
Stays abreast of current trends in the mortgage industry (investor, agency, and government guidelines), changes in regulations and market conditions to ensure underwriting processes remain current and effective.
Communicates with Loan Originators, Processors, and other team members regarding underwriting decisions, guidelines, and conditions.
Assists with internal/external audit requests.