TPO Underwriter (DE/SAR) - Pacific Time Zone
Overview
This role is responsible for the timely and accurate analysis and evaluation of loan applications submitted through third-party originators. Underwriting decisions are based on a borrower’s credit, employment, income, financial data, asset profile, appraisal report, and investor guidelines. The underwriter makes sound decisions to mitigate risk, adhere to quality standards, and maximize borrowers’ ability to obtain and sustain homeownership.
Responsibilities
- Underwrite 3–4 new loans per day while minimizing risk through thorough analysis of income, credit, assets, ratios, and collateral.
- Ensure compliance with applicable investor guidelines, agencies, HUD, VA, USDA, or HFA requirements.
- Maintain 24–48 hour turn times.
- Clear UTC conditions within 24 hours.
- Prepare loans for risk committee.
- Make counter offers on loans that do not conform to the products under which they were originated.
- Stay current on investor, agency, FHA/VA guideline changes and any overlays.
- Ensure accuracy of criteria for specific loan types, products, rates, documentation, and data.
- Maintain Quality Control ratings within company standards.
- Attend appropriate seminars and live or recorded courses to stay abreast of current market trends and developments.
- Participate in roundtables when needed.
- Provide training support to the sales force as needed.
- Attend departmental huddles by listening in as required.
- Assist loan officers, broker partners, and NDC Clients with scenarios and explain any conditions that are not clear.
- Assist in developing new underwriters, broker coordinators, and processors.
Requirements
- Strong analytical skills, particularly in credit and risk, along with sound decision-making.
- Effective interpersonal skills and technical report writing skills.
- Attention to detail.
- Knowledge of Encompass LOS.
- Demonstrated commitment to work.
- Personal organization.
- Adaptability and flexibility.
- Ability to meet strict deadlines and demonstrate urgency as applicable.
- Ability to foster teamwork.
- Comfort using financial/quantitative data.
Education & Experience
- 3–5 years of experience as an Underwriter and complete knowledge of the mortgage business.
- Bachelor’s degree preferred or equivalent work experience.
- Experience with FHA/VA/Agency loans.
- Direct Endorsement (DE).
- LAPP/SAR preferred.
- Knowledge of Encompass LOS.
Supervisory Responsibilities
- None
Certificates, Licenses, & Registrations
- None
Compensation & Benefits
- Not specified
Location
- United States (E-Verify participant)
Work Authorization
This employer participates in E-Verify. If hired, the employer will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S.
Equal Employment Opportunity
The employer provides equal employment opportunities (EEO) to all employees and applicants without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, age, disability, genetic information, marital status, amnesty or status as a covered veteran in accordance with applicable federal, state, and local laws. The employer prohibits unlawful employee harassment and does not tolerate improper interference with employees’ ability to perform expected job duties.