Underwriter

Position Summary

The Loan Underwriter is responsible for underwriting residential mortgage loans for Risewell Homes. This role evaluates loan documentation for accuracy, completeness, and compliance with investor and agency guidelines to ensure loan quality, mitigate risk, and support a seamless lending process.

Responsibilities

• Review all loan submissions submitted by origination staff and generate initial credit decisions in accordance with FNMA, FHLMC, FHA, VA, USDA, Bond and other investor guidelines as well as internal overlays.
• Evaluate mortgage loan applications to determine eligibility, acceptability, and compliance with applicable state, federal and investor guidelines.
• Perform credit and property analysis on conventional and government loan files.
• Analyze complex tax returns and accurately calculate income.
• Input data and notes into the Encompass loan system.
• Maintain quality and production standards as set forth by management.
• Effectively communicate, orally, in writing, and via email, the decisions reached to maintain positive working relationships with coworkers and customers.

Key Qualifications

• A high school diploma or equivalent required.
• A bachelor's degree preferred.
• Direct Endorsement (DE) and/or LAPP/SAR certifications.
• Working knowledge of Encompass or other LOS systems.
• Proficiency in Excel, Word, Outlook, PowerPoint.
• Conventional and Government underwriting experience.
• Superior knowledge of and experience with property and credit underwriting requirements of FNMA, FHLMC, FHA and VA, as well as other loan programs and private mortgage insurance companies.
• Capability of working in a fast-paced environment, under pressure and meet time-sensitive deadlines, all while maintaining a high level of professionalism.
• Superior analytical, organizational and problem-solving abilities.
• Ability to work independently, analyze data, take and recommend appropriate actions with minimal supervision.
• Ability to exhibit professional written and verbal communication.
• Excellent organizational and time management skills.
• Demonstrated ability to interact effectively with others both internal and external.
• Demonstrated judgment and decision-making ability.
• Strong attention to detail, organization skills and follow-through capabilities.

Pay

The expected base salary for this position is between $80,000 to $90,000 per year, depending on experience and skillset. Base salary is paid bi-weekly.

Physical Requirements

This is primarily a sedentary position. Requires the ability to hear, type and talk. Finger dexterity is required to operate a computer keyboard. The primary work location is a corporate office with low to moderate noise levels.

Travel Requirements

Occasional travel may be required. A valid driver’s license and active vehicle insurance is required at all times.

Federal Labor Standards Act (FLSA) Classification

Non-Exempt