Job Details
The Mortgage Underwriter will evaluate and verify loan applications and information to determine the borrower s creditworthiness and financial risk. They work closely with loan officers and applicants to facilitate the mortgage process.
Responsibilities
- Reviewing and verifying loan applications and supporting documents
- Analyzing borrowers ability to repay loans
- Evaluating creditworthiness and potential risks
- Using underwriting software and loan processing systems
- Ensuring compliance with banking regulations and lender policies
- Recommending approval or denial of loan applications
- Interacting with loan originators and processors to obtain additional documentation or clarification
- Communicating decision of approval or denial to the relevant parties
- Maintaining up-to-date knowledge of various lender policies and loan products
- Documenting and justifying decisions if loans are approved despite potential risks
Qualifications
- High School degree
- History of Underwriting Mortgage Loans
- FHA DE approval
- VA SAR approval
- History of underwriting Conventional via Freddie/ Fannie
- History of underwriting USDA loans