Mortgage Underwriter Jobs

About The Position

Requirements

• Ability to understand and calculate a wide variety of income and asset holdings, including analyzing tax returns and other complex financial documentation.
• Ability to communicate effectively, both verbally and written.
• Detail oriented with excellent organizational skills.
• Readily embraces change.
• Good PC skills--proficiency in Microsoft Word and Excel essential.
• Strong quantitative and analytical skills.

Nice To Haves

• Five (5) years in mortgage lending preferred, two (2)-three (3) years minimum front-line underwriting experience also preferred.
• Self-motivated, ability to work in a fast-paced, high volume environment, while practicing sound lending judgment.
• Bachelors’ Degree preferred.
• FHA Direct Endorsement Certification and VA LAPP preferred but not required depending on the degree of conforming underwriting experience.

Responsibilities

• Underwrites FHA, VA, USDA and Conventional loan applications ensuring adherence to company, agency and investor guidelines.
• Underwrites the collateral to include contract and appraisal review for FHA and VA loan applications.
• Analyzes mortgage loan files to include income and asset documentation, credit reports, and required disclosures to ensure compliance with applicable Federal and state regulations, and company policies.
• Ensures all required documentation has been received and completed properly.
• Approves loans according to investor and Bank guidelines up to investor conforming limits and makes recommendations for loan approval by Senior Management when limits are exceeded.
• Determines the outstanding conditions needed prior to closing, reviews the conditions and clears the loan to close.
• Provides support to Loan Officers, Processors and Closers throughout the process of the loan.
• Ensures timely response and follow-up to Quality Control (QC), internal and post-closing audits, and investor audits or requests.
• Keeps up to date on investor and regulatory guidelines, policies, procedures and changes that affect mortgage underwriting.
• Responsible for the completion of all compliance training related to the position.
• Must understand all applicable laws and regulations that apply to the position and complies with the requirements.
• Performs all other duties as assigned.