Underwriter

Overview

The organization is seeking talented Mortgage Underwriters to join its team. Remote underwriting is encouraged, and team members may work from anywhere in the nation.

Underwriters support a pod-based workflow designed to promote a positive work environment, work-life balance, teamwork, and opportunities for growth. The role also offers an aggressive bonus structure; in some cases, underwriters have doubled their base salary per year.

Responsibilities

• Conduct a thorough analysis of loan files to determine compliance with company, investor, and FHA/VA guidelines.
• Underwrite the entire credit package and collateral for residential mortgage loans to ensure an “investment” quality loan product.
• Check accuracy of all calculations and maintain data integrity.
• Complete all required underwriting worksheets found in Fast Trac 360 Resource Center.
• Assist with training new underwriters.
• Recommend loan disposition to the underwriting manager for loan amounts in excess of authority limitation.
• Maintain required underwriter productivity standards and comply with underwriting turnaround time expectations:
  • 48-hour underwriting turnaround time
  • 24-hour turnaround time for clearing conditions
• Strive to meet 3 underwriting decisions per day within allotted time.
• Communicate loan decisions to appropriate parties verbally and in writing.
• Maintain underwriting activity logs and provide monthly underwriting reports to the underwriting manager.
• Serve as a resource for processors and correspondents by providing general underwriting guideline interpretations and answering questions on specific loan files.
• Respond to post-closing reviews and audits in a timely fashion.
• Perform related duties as directed by the underwriter or operations manager.

Requirements

• Minimum three years of mortgage underwriting experience with solid working knowledge of underwriting guidelines.
• Experience underwriting private investor and private mortgage insurance guidelines.
• Strong interpersonal and communication skills with the ability to build business relationships.
• Detail-oriented with strong organization and follow-through.
• Excellent analytical and written and verbal communication skills.
• Technologically proficient.
• Bachelor’s degree in a related field or equivalent professional experience.

Preferred Qualifications

• Not specified.

Compensation & Benefits

• Compensation range listed:
  • Min: USD $0.00/Hr
  • Max: USD $0.00/Hr
• Full-time benefits package (eligibility based on benefits eligibility, elections, and employee premiums), including:
  • Medical, dental, and vision
  • Life insurance
  • Short-term and long-term disability
  • Health Savings Account (HSA)
  • Flexible Spending Account (FSA)
  • Other products based on eligibility
• Enrollment timing (upon hire): eligible employees can enroll in company-sponsored benefit programs (Medical, Dental, Life, and Voluntary) on the first of the following month.
• 401(k) enrollment: after completing 60 days, eligible employees may enroll on the first of the following month.

Location

Remote underwriting is available and work may be performed from anywhere in the nation.