About This Role
This mortgage underwriter role involves evaluating and approving mortgage applications to ensure sound lending decisions. The position offers an exciting opportunity to apply skills in financial analysis, asset management, investment management, and portfolio management within a fast-paced, growth-oriented environment.
Responsibilities
- Analyze mortgage loan applications by assessing borrower financial information, credit reports, and property appraisals to determine eligibility
- Utilize advanced financial software tools (Encompass) to evaluate asset management details and perform comprehensive financial analysis
- Apply knowledge of financial concepts such as debt-to-income ratios, loan-to-value ratios, and investment management principles to make informed underwriting decisions
- Review documentation related to income verification, employment history, and asset statements to ensure accuracy and compliance with lending policies
- Collaborate with cross-functional teams including loan officers, risk managers, and compliance officers to facilitate efficient mortgage approvals
- Maintain detailed records of underwriting decisions, supporting documentation, and risk assessments for audit purposes
- Stay updated on industry regulations, market trends in financial services, and changes in mortgage lending standards to ensure adherence
Requirements
- 3+ years of mortgage underwriting experience
- Proven experience in financial analysis within the mortgage industry
- Proficiency with financial software platforms used for loan processing and analysis
- Solid knowledge of financial concepts such as amortization schedules, credit risk assessment, and research methodologies
- Exceptional attention to detail combined with the ability to make quick yet accurate underwriting decisions
Benefits
- 401(k)
- Flexible schedule
- Health insurance
About the Company
The company has been in business for 40 years.