Mortgage Underwriting Specialist

Role: Mortgage Underwriter 27722

Position Summary

Job Functions & Responsibilities

• Review and analyze mortgage loan applications to ensure eligibility, accuracy, completeness, and compliance with internal and external guidelines.
• Assess all required loan data, reports, and inspections to ensure collateral acceptability.
• Make independent underwriting decisions regarding acceptance and risk in accordance with applicable guidelines (HUD, investor, and internal).
• Provide final underwriting approval for mortgage loans including Conventional, Correspondent, FHA, VA, and Reverse.
• Complete all required paperwork, forms, and documentation accurately and on time.
• Sign off on conditions within timelines set by management.
• Collaborate with staff and management to resolve escalated loans and suggest improvements to policies and practices.
• Manage loans effectively using loan origination/underwriting systems.
• Communicate underwriting decisions clearly with processors and advisors.
• Maintain high levels of customer service and cross-department communication.
• Perform other duties as assigned.
  

Education & Experience

• Bachelor’s degree (or equivalent of 15 years of formal education) mandatory.
• Minimum 1 year of experience in mortgage underwriting.
• Strong knowledge of:
• Financial and non-financial supporting documentation.
• Income calculations (salaried and self-employed).
• Asset/liability analysis and appraisal verification.
• Credit report review.
• Familiarity with FNMA & FHLMC underwriting standards and compliance requirements.
• Experience in Conventional, Correspondent, Reverse, FHA, and VA (government loan) underwriting procedures.
  

Work Schedule / Travel Requirements

• Willingness to work in any shift, including night shifts, as per business requirements.
• Willingness to travel to office for training or other work-related activities.
  

Must-Haves

• US residential mortgage underwriting experience.
• Strong understanding of the 4C’s of Underwriting.
• Proficiency in income calculations for both salaried and self-employed individuals.