Mortage Underwriter
Job Summary
Mortgage Underwriters evaluate loan applications and approve or deny mortgage loans.
A successful Mortgage Underwriter should be able to exercise sound judgment based on detailed analysis and ensure that all documentation is in compliance with the relevant regulations.
Responsibilities:
- Authorizing and underwriting loans.
- Reviewing and verifying loan applications and supporting documentation.
- Analyzing loan risk and requesting additional information as necessary.
- Preparing reports on assessment findings.
- Making loan eligibility decisions and approving or rejecting applications.
- Reviewing and specifying loan conditions as necessary.
- Ensuring compliance with regulatory standards.
- Ensuring compliance with company policies and guidelines.
- Documenting and effectively communicating reasons for the approval/rejection of loans.
- Returning applications with additional documentation to the loan officer for review.
Requirements:
- Degree in business, banking, finance, or a related field.
- Experience in loan underwriting.
- Highly organized and able to prioritize.
- Good communication skills, both verbal and written.
- Detail-oriented with strong data analysis skills.
- High mathematical aptitude.
- Good working knowledge of mortgage loan processing and relevant legal regulations.
- Proficiency in Microsoft Office and automated underwriting systems.
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