Mortgage Loan Underwriter

About the role

As a Mortgage Underwriter, you’ll impact the lives of everyday people and help them go from surviving to thriving with innovative digital personal finance solutions. This role is responsible for calculating income, reviewing all third-party vendor services (including AVM, fraud, and Credit Supplements), and the review, conditioning, and final decisioning of the loan product. You will partner closely with clients, sales, and mortgage operations teams to ensure an optimal customer experience while collaborating with Mortgage Advisors to secure desired loan financing.

This is a hybrid role with 90% of your time spent working from home and 1-3 days per month in our Tempe office. Candidates must reside in the greater Phoenix area.

Responsibilities

• Evaluate loan applications and borrowers' creditworthiness
• Adhere to departmental SLAs and monitor Regulation B compliance
• Verify income and employment information, review credit history, and calculate the value of borrowers' collateral/assets
• Analyze personal and business (Corporate, S Corporation, and Partnership) income tax returns and prepare Self-Employed Analysis for Mortgage qualification
• Review all appraisals (e.g., AVM, PICR, 1004, 1025) to confirm they meet standards for the loan type requested and support the market value conclusion
• Contact 3rd party vendors, as necessary, to resolve conflicting information or appraisal issues
• Follow underwriting procedures and approve/deny loan requests based on Home Loan underwriting guidelines and investor criteria
• Document reasons for approval or denial and complete adverse action notices, when applicable
• Answer audit issues on purchases or pre-purchased loans
• Stay abreast of underwriting guidelines specific to home loans and industry changes that could affect loan outcomes

Requirements

• Minimum of 3-5 years (UW II) or more than 5 years (UW III) of underwriting experience in home loans, including 1st mortgage products, HELOCs, etc.
• Experience with self-employment verification
• Demonstrated skills in income calculation and credit review
• Excellent communication skills
• Ability to meet deadlines and achieve goals
• Ability to work with cross-functional teams toward the delivery of goals and objectives
• Ability to multi-task at a high level
• Ability to work independently, as well as in a team environment
• Ability to work in a fast-paced, high-volume mortgage environment
• Seeks feedback and accepts coaching with a continual desire to improve

Benefits

• Hybrid and remote work opportunities
• 401(k) with employer match
• Medical, dental, and vision insurance with HSA and FSA options
• Competitive vacation and sick time off, plus dedicated volunteer days
• Access to wellness support through Employee Assistance Program, Talkspace, and fitness discounts
• Up to $5,250 paid back on eligible education expenses
• Pet care discounts for your furry family members
• Financial support in times of hardship with our Achieve Care Fund
• A safe place to connect and a commitment to diversity and inclusion through six employee resource groups