About This Role
This pivotal role involves evaluating complex mortgage loan applications, ensuring compliance with industry standards and regulatory requirements. The Senior Mortgage Underwriter facilitates responsible lending decisions, mitigates risk, and supports the mission to provide accessible homeownership opportunities. This position offers a chance to leverage advanced financial analysis skills and industry knowledge in a fast-paced, collaborative environment dedicated to excellence and integrity.
Responsibilities
- Conduct thorough underwriting of mortgage loan applications by analyzing financial statements, credit reports, and property appraisals to determine borrower eligibility and risk profile
- Utilize financial modeling and data collection techniques to assess borrower cash flow, debt-to-income ratios, and overall creditworthiness
- Apply industry knowledge of financial regulations and compliance standards to ensure all loan decisions adhere to federal, state, and internal policies
- Collaborate with loan officers, clients, and external stakeholders through clear communication to gather necessary documentation and clarify underwriting requirements
- Perform risk analysis by evaluating market conditions, industry trends, and borrower financial history to support sound lending decisions
- Prepare detailed financial reports and summaries that articulate underwriting findings, risk assessments, and recommendations for approval or denial
- Maintain up-to-date knowledge of mortgage servicing processes, fraud prevention strategies, and technical accounting practices relevant to the mortgage industry
Requirements
- Proven experience in mortgage underwriting (non-QM) or conforming lending with a strong understanding of financial statement analysis and credit evaluation
- Proficiency in Microsoft Office Suite, especially Excel for data analysis, forecasting, and financial modeling purposes
- Solid knowledge of banking operations, financial services regulations, and compliance with loan processing standards
- Expertise in quantitative research methods including risk analysis, cash flow analysis, and industry-specific financial concepts
- Ability to interpret complex financial statements accurately while applying technical accounting principles where necessary
- Excellent client communication skills combined with the ability to write comprehensive financial reports clearly and professionally
- Strong analytical skills with a focus on quantitative analysis, fraud detection techniques, and commercial lending analysis experience in risk management
Benefits
- 401(k)
- Dental insurance
- Health insurance
- Professional development assistance
- Profit sharing