Mortgage Underwriter

About Us Capital Bank N.A. is headquartered in Maryland and has been serving our communities since 1999. We stand as a publicly traded company (NASDAQ: CBNK) with over $3 billion in assets. We offer commercial and consumer banking services to clients primarily in Maryland, DC, and Northern Virginia, alongside two nation-wide lending brands; Capital Bank Home Loans and OpenSky, a credit card division that offers and services credit cards across all states. Our personalized approach to banking, paired with cutting-edge technology solutions and a comprehensive suite of products and services, fuels our growth, and enables us to support our customers at every stage in their financial journey. Come join a bank where our employees thrive and are engaged in meaningful work. For the last 6 out of 7 years, Capital Bank was named one of the "Best Banks to Work For" in the U.S. by American Banker. Position Purpose The Mortgage Loan Underwriter is responsible for evaluating and analyzing mortgage loan applications to determine the creditworthiness of borrowers and ensure compliance with federal, state, and company regulations. This role involves assessing financial documents, credit reports, property appraisals, and income information to make informed decisions on loan approvals, conditions, or denials. The underwriter ensures that each loan meets the bank’s risk standards while supporting a smooth and efficient loan origination process. Position Responsibilities Underwrite a minimum of three new loan files per dayReview, analyze, and clear updated and conditioned loan files within required turn timesMaintain CBHL-mandated turn times for new submissions, resubmissions, and condition reviewsMonitor and respond to CSM scenarios within required timeframesProvide underwriting and eligibility support to other Capital Bank departments as neededUnderwrite FHA, VA, USDA, Conventional, Non-Agency, and Jumbo loan products in accordance with company policy and investor overlaysPerform new and established condominium project reviews, including warranty and eligibility determinations, in accordance with agency and investor guidelinesAnalyze loan documentation and data for accuracy, completeness, and overall soundnessIdentify and assess credit, income, asset, and collateral risk factorsReview appraisals and collateral documentation, including condominium and PUD projectsSupport Loan Officers during the borrower qualification and structuring processRemain current on investor, agency, and regulatory guideline updates impacting underwriting and condominium project eligibility decisions Minimum Education & Experience Minimum Education and ExperienceHigh School Diploma or equivalent requiredMinimum of five years of experience underwriting agency mortgage loansMinimum of five years of experience underwriting secondary market guidelinesMinimum of two years of experience with Jumbo and Non-Agency productsFHA Direct Endorsement (CHUMS) designation requiredVA SAR/LAPP designation requiredUSDA underwriting experience preferredHousing Finance Agency experience required (DC, DE, FL, VA, MD preferred)Bachelor’s degree preferred Technical Knowledge And Skills Strong teamwork and customer service orientationExcellent organizational skills and ability to manage multiple prioritiesHigh sense of urgency and accountability for deadlines and assignmentsAbility to work effectively in a fast-paced environmentProficiency with Fannie Mae Desktop Underwriter and Freddie Mac Loan Product AdvisorEncompass LOS experience preferredAdvanced income analysis, including complex self-employed and variable income scenariosCredit risk analysis and interpretationAppraisal and collateral review, including condominium and PUD projectsAbility to accurately interpret and apply agency, investor, and condominium project guidelinesStrong problem-solving, critical thinking, and decision-making skillsClear and professional written and verbal communicationConstant and consistent attention to detail Compensation Base Salary Range: $80,000 - $105,000 annually. Final determination of where you are at in the salary range is based on numerous factors such as geographical location, relevant experience, skill set, education, and ability to meet qualifications within the job description. Additional Compensation: This role will include a yearly annual target bonus based on individual performance. Working Arrangements This is a 100% remote roleWe’re currently hiring only within our core locations, which include Maryland (MD), District of Columbia (DC), Virginia (VA), Pennsylvania (PA), Delaware (DE), Indiana (IN), Illinois (IL), South Carolina (SC), Florida (FL), and North Carolina (NC). Why Join Us? Join a growing company with a culture that fosters an entrepreneurial spiritComprehensive benefits package including Medical, Dental, Vision, Company Paid Life Insurance, Disability Insurance, and more? Company Contributions to your 401k - Regardless of your contributionEmployee Perks: Paid Parental Leave, Employee Recognition Program, Leadership Program, Tuition Reimbursement Program, Employee Bank Checking Account, and much more!Generous Paid Time Off and Paid Holidays - Including Paid Charity Hours to support volunteer opportunities Supporting Businesses. Helping People. Strengthening Communities. Capital Bank, N.A. is an E-Verify, Affirmative Action and Equal Opportunity Employer.