First Mortgage Underwriter

About the role

The First Mortgage Underwriter role at FourLeaf is responsible for examining, evaluating, and underwriting residential mortgage loan applications. This includes analyzing borrower creditworthiness, ensuring compliance with regulatory requirements, and communicating effectively with various departments to ensure compliance and departmental goals are met.

Responsibilities

• Review and underwrite residential mortgage loan applications, including government, conventional, equity, and portfolio loans, in accordance with investor, regulatory, and Credit Unions guidelines.
• Analyze borrower creditworthiness by evaluating income, assets, liabilities, credit history, property value, and risk factors.
• Ensure loan files are complete, accurate, and well-documented prior to approval, suspension, or denials.
• Issue clear, well-documented underwriting decisions and conditions.
• Review and assess property appraisals to support sound credit decisions while ensuring compliance.
• Communicate effectively with loan officers, processors, and closing staff to resolve questions and move files forward efficiently.
• Maintain compliance with federal and state regulations, including TRID, ECOA, HMDA, and Fair Lending requirements.
• Manage and prioritize a pipeline and ensure completion of assigned tasks daily including purchases, contract dates, and escalations.
• Participate in quality control reviews, audits, and post-closing reviews as needed.
• Contribute to continuous improvement of underwriting processes, tools, and service levels.
• Absorb ineligible loan applications to identify and structure viable counteroffer solutions aligned with underwriting guidelines and risk tolerance.
• Analyze loan documentation to prepare for Executive Loan Review, identifying and documenting exception requests relative to guidelines and investor overlays.

Requirements

• High School Diploma or GED.
• 5 years of experience utilizing DU and LP automated underwriting with working knowledge of FNMA, FHLMC, and industry guidelines and best practices.
• Strong understanding of State and Federal laws pertaining to the mortgage banking industry (i.e. RESPA, TILA, ECOA, etc.) and Real Estate Lending.
• Experience underwriting both FHA and VA loans is preferred.
• Experience in Mortgage Cadence Platform is preferred.
• Certifications: FHA Direct Endorsement (DE) Underwriter Certification and VA (SAR) are required.

Qualifications

• Ability to manage and prioritize a pipeline and ensure completion of assigned tasks daily including purchases, contract dates, and escalations.
• Participation in quality control reviews, audits, and post-closing reviews as needed.
• Contribution to continuous improvement of underwriting processes, tools, and service levels.
• Ability to absorb ineligible loan applications to identify and structure viable counteroffer solutions aligned with underwriting guidelines and risk tolerance.
• Analyzing loan documentation to prepare for Executive Loan Review, identifying and documenting exception requests relative to guidelines and investor overlays.

Skills

• Strong analytical skills.
• Excellent communication and interpersonal skills.
• Attention to detail.
• Proficiency in Microsoft Office Suite.

Benefits

FourLeaf offers a comprehensive benefits package including medical, dental, and vision coverage; life and disability insurance; voluntary benefit programs; a 401(k) plan with employer match; reimbursement and wellness programs; and an annual performance-based bonus.

Pay

The estimated salary for this role is $40.42 - $48.50 per hour.

Schedule

This opportunity is open to flexible work options including a remote setup.

Additional Information

FourLeaf is an award-winning place to work! We invest in employee connection and well-being through competitive 401(k) plans, tuition and fitness reimbursement programs, flexible work options, volunteer opportunities, executive “Water Cooler Chats,” clubs, sports, and social events, food truck days, and more!