Mortgage Underwriter
FHA Experience or VA Exeperience- DE or LAPP/SAR certification required
The Underwriter is responsible for reviewing, conditioning, analyzing and issuing decisions on mortgage loans originated from the theLender Wholesale Channel. The Underwriter determines and assesses borrower's creditworthiness and risk with sound analytics supported by file documentation. The Underwriter reviews the loan file in accordance with investor, regulatory, and bank policies and procedures. The Underwriter is responsible for managing the loans from RESPA through shipping. The individual will be expected to provide superior client service to achieve financial objectives. Files must be reviewed in adherence to bank service level agreements and the Underwriter must consistently produce accurate and quality work.
Essential Job Functions
- A minimum of 2-3 years' underwriting in a residential mortgage environment
- Working knowledge with Fannie Mae, Ginnie Mae, Freddie Mac and all approved theLender aggregator guidelines
- Demonstrated knowledge of Agency guidelines and regulatory updates
- Must meet the Consumer Financial Protection Bureau loan originator qualification requirements
- High School diploma or GED required; some college preferred
- Excellent verbal and written communication skills with strong attention to detail
- Excellent analytical and problem solving skills
- Ability to work accurately and efficiently in a fast paced environment
- Ability to handle competing priorities effectively and within established timeframes
- Excellent interpersonal skills and positive attitude
- Knowledgeable in automated underwriting systems is required
- Knowledge in Loan Origination System
- NonQM Bank Statement and DSCR plus Agency experience a plus
Essential Job Skills
- Navigating and updating the information in the Lending Operating System
- Facilitating customer-centric behaviors and a superior customer experience for both internal and external customers
- Keeping apprised of changes in Investor, Regulatory and Bank guidelines; integrating changes into daily processes
- Demonstrating time management skills for pipeline management and reviewing loan files within established service level agreements
- Verifying accuracy and completeness of loan files
- Ordering the appropriate services (i.e. appraisal, flood) for the loan file per policy
- Conditioning for documentation on loan files; review received documentation, and sign off conditions when appropriate documentation is received
- Reviewing, understanding and analyzing file documentation including Flood Certifications, credit reports, hazard insurance declarations, the Loan application (1003), purchase contract, and preliminary title reports
- Reviewing and thoroughly analyzing appraisal reports including Single Family Residence, Multi family residence, Condominium, and PUDs
- Identifying Red Flags/Fraud Detection, mitigating risk
- Experienced with LexisNexis, DataVerify Drive and FraudGuard or other automated quality control systems
- Underwriting Condo Projects and issue necessary warranty
- Analyzing and calculating income based on documentation provided. Income types include but are not limited to self-employed, rental, salaried, bonus, overtime, commission, social security income, Pension income, IRA income.
- Strong knowledge of federal tax returns and self-employed income analysis based on Client 1084 form
- Reviewing all types of asset statements for complete and accurate data, and adherence to investor and theLender guidelines
- Demonstrate proficiency in automated underwriting applications DU and LP, and ability to analyze results
- Understanding and applying Fannie Mae, Ginnie Mae, Freddie Mac and all approved theLender aggregator guidelines
- Developing and Issuing loan decisions including Counter Offer scenarios, Approvals and Declines
- Preparing reports for management
- Responding to e-mails and phone calls from internal and external customers within established service level agreements
- Review QC findings and trends
Our Culture: It’s Everything
At theLender, we believe culture isn’t just a buzzword—it’s the foundation of everything we do. We’ve built an environment that’s energetic, social, and genuinely fun:
- Quarterly wrap-up parties to celebrate wins
- Office-wide guessing games and competitions
- Themed dress-up days
- Month-end team lunches
- Food trucks and surprise treats
- Salsa contests and interactive events
- A consistently busy social calendar
It’s a place where hard work and high energy go hand-in-hand with fun, connection, and community.
Why People Love Working Here
- Top Workplace – Recognized by employees year after year
- Growth-focused environment with hands-on training
- Account Executive University – our in-house development program
- Comprehensive benefits including medical, dental, vision, 401(k), and gym reimbursement
- A team that values collaboration, drive, and personality
Compensation: $43.00
Job Type: Full-time
Pay: From $43.27 per hour
Benefits:
- 401(k)
- Dental insurance
- Employee assistance program
- Employee discount
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Vision insurance
Work Location: Remote
