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About the Role
We are seeking an experienced, knowledgeable, and detail-oriented Mortgage Underwriter to evaluate residential mortgage loan applications and make sound credit decisions while maintaining a strong commitment to quality, compliance, and timely service. The ideal candidate will have a minimum of three years of mortgage underwriting experience and comprehensive knowledge of Conventional, FHA, and VA lending guidelines. This role requires an underwriter who can independently analyze complex loan scenarios, exercise sound judgment, clearly communicate underwriting decisions, and work collaboratively with the lending team.
Responsibilities
- Review and underwrite residential mortgage loan applications for compliance with applicable guidelines.
- Analyze borrower creditworthiness, including credit history, income and employment, assets, liabilities, and other financial documentation.
- Review property and collateral documentation, including appraisals, title information, and other required documentation.
- Accurately calculate qualifying income for various borrower scenarios.
- Make independent and well-supported underwriting decisions, including approvals, suspensions, and denials.
- Issue clear, concise, and appropriate underwriting conditions and communicate the reasoning behind underwriting decisions.
- Review Automated Underwriting System findings and ensure all applicable requirements are satisfied.
- Maintain compliance with agency, investor, regulatory, and internal lending requirements.
- Communicate effectively and professionally with stakeholders to resolve loan-level questions and conditions.
- Identify potential risks, inconsistencies, or documentation concerns and escalate significant issues.
- Maintain current knowledge of changing guidelines.
- Assist with quality control, audits, post-closing reviews, investor inquiries, and loan-level documentation requests.
- Manage an underwriting pipeline efficiently while meeting established turn-time and service-level expectations.
- Contribute to a collaborative team environment focused on responsible lending, exceptional service, and closing loans.
Requirements
- Minimum of 3 years of residential mortgage underwriting experience.
- Strong working knowledge of Fannie Mae, Freddie Mac, FHA, and VA guidelines.
- Demonstrated ability to analyze complex income, asset, credit, and collateral documentation.
- Strong analytical skills with the ability to make independent, risk-based credit decisions.
- Excellent written and verbal communication skills.
- Exceptional attention to detail, accuracy, and organization.
- Ability to effectively manage multiple files, priorities, and deadlines in a production-oriented environment.
- Ability to communicate underwriting conditions and decisions clearly and professionally.
- Proficiency with mortgage loan origination and underwriting technology, including Encompass, Desktop Underwriter (DU), and Loan Product Advisor (LPA).
Skills
- Fannie Mae guidelines
- Freddie Mac guidelines
- FHA guidelines
- VA guidelines
- Conventional lending
- FHA lending
- VA lending
- Encompass
- Desktop Underwriter (DU)
- Loan Product Advisor (LPA)
Location
- Remote
Work Type
- Full-time
Experience Level
- 3+ years of mortgage underwriting experience
Education Level
- High school diploma or equivalent required
- Bachelor's degree in finance, business, accounting, or a related field preferred