Residential Underwriter

Key Responsibilities

• Review and assess residential mortgage loan applications for accuracy, completeness, and compliance with underwriting standards and applicable regulations.
• Analyze credit reports, income documentation, assets, liabilities, and property appraisals to determine borrower eligibility.
• Make sound credit decisions within established authority limits and provide clear and concise explanations for approvals, suspensions, or denials.
• Ensure loans meet investor guidelines (e.g., FNMA, FHLMC, FHA, VA) and adhere to company and regulatory policies.
• Communicate with loan officers, processors, and other stakeholders to resolve discrepancies or obtain additional documentation.
• Maintain up-to-date knowledge of underwriting guidelines, regulatory changes, and industry trends.
• Document all decisions and maintain detailed records in the loan origination system.
• Support post-closing reviews and audits by addressing any deficiencies or inquiries.
• Provide guidance and mentorship to junior underwriters or support staff, as needed.

Qualifications

• Bachelor’s degree in finance, accounting, business, or a related field (preferred but not required).
• Minimum of 3 years of experience in residential mortgage underwriting.
• In-depth knowledge of underwriting guidelines, loan products, and regulatory requirements
• Familiarity with automated underwriting systems (e.g., DU, LP) and loan origination software.
• Strong analytical skills and attention to detail.
• Excellent communication and interpersonal skills.
• Ability to prioritize and manage multiple tasks in a fast-paced environment.