Mortgage Underwriter

Position Summary

We are seeking a Junior Mortgage Underwriter to evaluate residential mortgage loan applications for creditworthiness and compliance. The ideal candidate will utilize automated underwriting systems and possess strong analytical skills to ensure regulatory compliance.

Responsibilities

• Review and analyze residential mortgage loan applications for creditworthiness and compliance
• Evaluate borrower income, assets, credit history, and property appraisals
• Run loan files through Desktop Underwriter (DU) and Loan Prospector (LP) automated underwriting systems
• Underwrite conventional and conforming loan products in accordance with agency guidelines
• Issue loan decisions (approve, suspend, deny) with clear written conditions
• Communicate conditions and decisions to loan officers and processors
• Ensure all files meet regulatory and investor requirements prior to closing

Requirements

• 0-2 years of mortgage underwriting or related mortgage experience
• Proficiency with Desktop Underwriter (DU) and Loan Prospector (LP) systems
• Working knowledge of conventional and conforming loan guidelines (Fannie Mae / Freddie Mac)
• Ability to analyze income, asset, credit, and appraisal documentation
• Strong attention to detail and organizational skills
• Familiarity with FHA or VA loan guidelines
• Experience with a loan origination system (e.g. Encompass, Byte)
• Basic knowledge of TRID and federal mortgage compliance regulations