Overview:

The Mortgage Underwriter will be responsible for reviewing financial documentation, assessing creditworthiness, and ensuring compliance with federal and state regulations. This role requires a strong understanding of various mortgage products, risk analysis, and lending standards. The ideal candidate will provide timely and accurate underwriting decisions to support a smooth mortgage approval process.

Primary Skills:

ü Proven experience as a Mortgage Underwriter in the US mortgage industry.

ü Strong knowledge of conventional, FHA, VA, and other mortgage products.

ü Proficiency with automated underwriting systems (e.g., DU, LP) and mortgage processing software (e.g., Encompass, Calyx).

ü In-depth knowledge of lending regulations and federal/state compliance standards (RESPA, TILA, HMDA).

ü Excellent understanding of income, asset, and credit analysis.

ü Attention to detail: Ability to evaluate and analyze financial documents accurately and make sound underwriting decisions.

ü Strong analytical and decision-making skills.

ü Excellent written and verbal communication skills.

ü Problem-solving skills: Ability to work through complex loan scenarios and provide clear and actionable feedback.

ü Time management skills: Ability to handle multiple loan files and meet deadlines in a fast-paced environment.

Key Responsibilities:

ü Loan Application Evaluation: Review mortgage loan applications to assess the borrower’s financial situation, creditworthiness, and ability to repay the loan.

ü Risk Assessment: Conduct a thorough risk analysis by reviewing borrower financial information including income, employment, credit history, assets, tax returns, and other financial documents.

ü Compliance: Ensure that all loans meet regulatory requirements, including adherence to federal and state lending laws (RESPA, TILA, HMDA), and internal company policies.

ü Loan Decisioning: Approve or deny mortgage loans based on the analysis of the borrower’s qualifications and compliance with underwriting guidelines (conventional, FHA, VA, USDA, and other loan products).

ü Condition Clearing: Identify and request additional documentation or information needed to meet underwriting conditions and ensure loan approval.

ü Loan Structuring: Work closely with loan officers and mortgage processors to structure loans that meet both borrower and lender requirements.

ü Review Appraisals and Title Reports: Assess property appraisals, title reports, and other relevant documentation to ensure accuracy and adherence to lender requirements.

ü Quality Control: Perform a final review of loan files before closing to ensure completeness, accuracy, and compliance with lending standards.

ü Maintain Loan Pipeline: Track the status of loans in the underwriting pipeline to ensure timely decision-making and efficient loan processing.

ü Communication: Provide clear and detailed feedback to loan officers and mortgage processors regarding underwriting decisions, conditions, and requirements.

ü Market Knowledge: Stay up to date on changes in mortgage products, lending guidelines, and market trends to make informed underwriting decisions.