Mortgage Underwriter

Public

Job Summary

A mortgage underwriter is a financial expert who assesses a lender’s financial risk on a potential borrower and is ultimately responsible for approving or denying mortgage loans. The mortgage underwriting process includes investigating a borrower’s credit history, ordering appraisals, verifying income and employment, reviewing debt-to-income ratio, confirming down payment and savings account information, and ensuring all paperwork is submitted correctly based on current underwriting guidelines for loan approval.

Key Responsibilities:

• Review all mortgage applications and supporting documents to ensure all necessary information is included for approval.
• Research applicant’s employment and financial history to help determine the accuracy of application and documents.
• Request additional information as needed on all documents to help determine loan risk.
• Ensure once all information is gathered that it is accurate, compliance standards are met, and it is in congruence with company policies.
• Communicate and document reasons for approval or rejection of loans so clients and loan officers are well-informed of decisions.
• Review third-party valuations for compliance against guidelines.
• Prepare data for internal investment committee memos.

Skills and Qualifications Required:

• Bachelor’s Degree in any relevant field.
• Experience in underwriting or any similar role.
• Proficient in English, written and spoken.
• A creative flair and design ability.
• Attention to detail.
• Problem solving.
• Written and oral communication.
• Excellent project management skills.
• Time management and organizational skills.
• Tech savvy with knowledge of telephone equipment and relevant computer programs.
• A results-oriented approach.
• Ability to work under pressure.
• Working knowledge of customer service software, databases, and tools.
• Awareness of the industry’s latest technology trends and applications.
• Ability to act with integrity, proactivity, professionalism, and confidentiality.

Please note that only candidates that will be shortlisted will be contacted.