Underwriter

Moder

4d

About The Position

The Conventional Underwriter is responsible for performing a comprehensive review and analysis of mortgage loan files to make informed lending decisions. This role primarily focuses on conventional loans, Closed End Second, and VA IRRRL loan products. The ideal candidate will be well-versed in FNMA, FHLMC, and investor guidelines and possess strong analytical, decision-making, and communication skills. Essential Job Duties and Responsibilities: Review and underwrite loan files with a focus on the 4 Cs: Credit, Capacity, Collateral, and Capital. Evaluate loan applications to determine borrower qualification, including creditworthiness and ability to repay. Accurately calculate various income types including salaried, self-employed, rental, and other income. Analyze assets including bank statements, retirement accounts, mutual funds, and other investments. Identify red flags, large deposits, and unusual activity. Complete detailed credit analysis, including review of credit reports, trade lines, derogatory accounts, public records, and DTI/HTI calculations. Review collateral and property valuation reports to ensure compliance with investor and company guidelines. Provide timely and accurate underwriting decisions (approve, suspend, or deny) and clearly document rationale. Review initial submissions and re-submissions and clear conditions within established SLAs. Apply current investor guidelines using resources such as AllRegs (FNMA/FHLMC) and client overlays. Collaborate with processors, closers, and other departments to ensure smooth and timely loan processing. Maintain high-quality underwriting standards and compliance with regulatory requirements. Comply with all company policies and procedures. Maintain regular and punctual attendance. Other Job Duties and Responsibilities: Performs other related duties as assigned. Supervisory Responsibilities: This position is an individual contributor. Qualifications: To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Education and/or Experience: Bachelor’s Degree from a Four (4) year College or University. 5+ years of conventional mortgage underwriting experience. In-depth knowledge of FNMA, FHLMC, and investor guidelines. Strong analytical and problem-solving skills. Ability to exercise sound business judgment and make appropriate credit decisions. Experience underwriting loan types such as Conventional, Closed End Second, and VA IRRRL. Proficient in reviewing and interpreting income documentation (W-2s, tax returns, bank statements, etc.). Familiarity with AllRegs and ability to locate and interpret guidelines. Strong communication and presentation skills. Self-motivated, detail-oriented, and able to work independently or as part of a team. High level of integrity and a commitment to delivering quality work.

Requirements

• Bachelor’s Degree from a Four (4) year College or University.
• 5+ years of conventional mortgage underwriting experience.
• In-depth knowledge of FNMA, FHLMC, and investor guidelines.
• Strong analytical and problem-solving skills.
• Ability to exercise sound business judgment and make appropriate credit decisions.
• Experience underwriting loan types such as Conventional, Closed End Second, and VA IRRRL.
• Proficient in reviewing and interpreting income documentation (W-2s, tax returns, bank statements, etc.).
• Familiarity with AllRegs and ability to locate and interpret guidelines.
• Strong communication and presentation skills.
• Self-motivated, detail-oriented, and able to work independently or as part of a team.
• High level of integrity and a commitment to delivering quality work.

Responsibilities

• Review and underwrite loan files with a focus on the 4 Cs: Credit, Capacity, Collateral, and Capital.
• Evaluate loan applications to determine borrower qualification, including creditworthiness and ability to repay.
• Accurately calculate various income types including salaried, self-employed, rental, and other income.
• Analyze assets including bank statements, retirement accounts, mutual funds, and other investments.
• Identify red flags, large deposits, and unusual activity.
• Complete detailed credit analysis, including review of credit reports, trade lines, derogatory accounts, public records, and DTI/HTI calculations.
• Review collateral and property valuation reports to ensure compliance with investor and company guidelines.
• Provide timely and accurate underwriting decisions (approve, suspend, or deny) and clearly document rationale.
• Review initial submissions and re-submissions and clear conditions within established SLAs.
• Apply current investor guidelines using resources such as AllRegs (FNMA/FHLMC) and client overlays.
• Collaborate with processors, closers, and other departments to ensure smooth and timely loan processing.
• Maintain high-quality underwriting standards and compliance with regulatory requirements.
• Comply with all company policies and procedures.
• Maintain regular and punctual attendance.
• Performs other related duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level