Underwriter I

About the Role

The mortgage industry is a complex and highly regulated field, and the Underwriter I role is no exception. The successful candidate will need to have a strong understanding of residential mortgage industry guidelines and regulations, as well as excellent communication and analytical skills. The role will involve working closely with other teams, including sales and operations, to ensure that loans are processed efficiently and effectively.

As a remote role, the Underwriter I will need to be self-motivated and disciplined, with the ability to work independently and manage their time effectively. The company offers a range of benefits and perks, including competitive salaries, medical and dental insurance, and a great 401k matching program.

What You Will Do

• Perform a limited review of conventional and government loans for specific issues such as appraisal, property flip, and insurability
• Manage individual pipeline on a daily basis, completing sufficient underwriting reviews, appraisal reviews, flip reviews, and conditions
• Identify any document deficiencies, add applicable conditions, and request additional information and/or documentation from clients as needed
• Contact clients to provide updates and clarification on outstanding conditions and deficiencies identified on loans per established process
• Assist others in the department in interpreting underwriting guidelines and updating underwriting status and conditions to customers
• Perform independent research of guidelines and overlays while reviewing loans
• Review and clear underwriting conditions on conventional and government loans in compliance with current guidelines and overlays
• Manage and prioritize multiple tasks and projects simultaneously
• Maintain accurate and up-to-date records and reports

What We Are Looking For

• 3+ years of related experience in the mortgage industry, residential mortgage loan underwriting, or a similar field
• High school diploma required
• Intermediate knowledge of residential mortgage industry in Correspondent or Retail Lending, including sales, operations, and/or other residential mortgage products and services
• Intermediate knowledge of applicable regulatory and legal compliance obligations, rules, and regulations, industry standards, and practices
• Entry-level to intermediate knowledge of FNMA, FHLMC, FHA, VA, and USDA Guidelines
• Entry-level to intermediate knowledge of MS Office products
• Entry-level to intermediate knowledge of Encompass
• Intermediate speaking and writing communication skills

Nice to Have

• Experience with mortgage loan origination software
• Knowledge of mortgage industry trends and developments
• Certification in mortgage underwriting or a related field

Benefits and Perks

• Competitive salaries
• Medical and dental insurance
• Great 401k matching program
• Tuition assistance program
• Employee volunteer program
• Wellness program
• Opportunity to work with a reputable and established company
• Remote work options
• Flexible working hours
• Professional development opportunities

• Make sure to highlight your experience with mortgage loan underwriting and knowledge of industry guidelines and regulations in your application.
• Be prepared to provide specific examples of your experience with underwriting software and technology.
• Showcase your analytical and problem-solving skills, as well as your ability to work independently and manage multiple tasks and projects.
• Research the company and the role thoroughly, and be prepared to ask informed questions during the interview process.
• Consider obtaining certification in mortgage underwriting or a related field to increase your chances of being hired.
• Be prepared to discuss your experience with document review and analysis, as well as your ability to identify and address document deficiencies.
• Emphasize your excellent communication skills, both written and verbal, and your ability to work effectively with clients and other teams.