Wholesale Credit Underwriter $70-75K with Bonus Potential-Credit Only No Collateral

About the role

We are seeking a Wholesale Credit Underwriter to join a high-performing mortgage operations team supporting a client with both retail and wholesale lending channels. The primary product is an open-ended home equity line of credit with a five-year interest-only period followed by a 20-year principal-and-interest repayment period. A 30-year fixed-rate portfolio product will be added in the near future.

Responsibilities

• Analyze and manually underwrite wholesale portfolio loan applications in accordance with company lending policies, investor guidelines, and applicable regulatory requirements. No AUS
• Review credit reports, income documentation, tax returns, bank statements, employment information, assets, liabilities, and other documentation necessary to evaluate repayment ability.
• Calculate qualifying income, debt-to-income ratios, and other credit metrics accurately and consistently.
• Evaluate title reports, hazard insurance, fraud reports, compliance findings, signed disclosures, and other required credit documentation.
• Identify, assess, document, and mitigate credit, fraud, compliance, and documentation risks.
• Issue clear and well-supported approvals, counteroffers, suspensions, and declinations within delegated authority and established guidelines.
• Review and clear underwriting conditions efficiently to support timely loan closings and movement to clear-to-close status.
• Document decisions, rationale, conditions, and file status clearly and thoroughly within Blue Sage Solutions and the applicable loan origination workflow.
• Maintain timely, meaningful notes so processors, loan officers, brokers, operations staff, compliance personnel, and management can readily understand the status of each loan.
• Manage a task-based pipeline involving multiple touches per file while meeting established service-level agreements, productivity expectations, and quality standards.
• Collaborate with loan officers, processors, brokers, lenders, compliance teams, operations staff, and management to resolve underwriting questions and file issues.
• Communicate directly with brokers or loan officers when needed for counteroffers, suspensions, declinations, or other material credit decisions.
• Remain current on company guidelines, regulatory requirements, underwriting best practices, and process changes.

Qualifications

• Demonstrated residential mortgage underwriting experience, including manual review of borrower credit, income, assets, liabilities, and repayment capacity.
• Strong knowledge of credit reports, income analysis, debt-to-income calculations, title reports, hazard insurance, fraud reports, and underwriting documentation.
• Ability to interpret and apply written portfolio lending guidelines consistently.
• Experience issuing and documenting approvals, conditions, counteroffers, suspensions, and declinations.
• Ability to work effectively and independently in a 100% remote environment.

Preferred Experience

• Wholesale mortgage underwriting experience.
• Portfolio, non-agency, home equity, or HELOC underwriting experience.
• Experience with Blue Sage Solutions LOS.
• Experience working in a task-based loan origination system or workflow.
• Experience managing a consistent pipeline while meeting service-level and quality expectations.

Compensation and Benefits

• Hourly, full-time position with a base rate of approximately $33.65-$36.06 per hour, equivalent to $70,000-$75,000 annually based on a 40-hour workweek. Final compensation will be based on relevant experience and qualifications.
• Overtime opportunities may be available with prior approval.
• Eligibility for a per-file decision bonus and discretionary company bonuses.
• Two weeks of paid vacation accrued throughout the year.
• One week of paid sick time accrued throughout the year.
• Company-paid holidays plus one floating holiday selected from company-designated options.
• Medical, dental, and vision insurance are available.
• Optional participation in the company's 401(k) program.

Work Arrangement

• 100% remote, work-from-home position.
• Full-time schedule with availability during established business hours.
• Reports directly to the Director of Underwriting.
• Reliable internet access and a professional, secure home workspace are required.