Remote Mortgage Underwriter Jobs
An Overview of Remote Mortgage Underwriters
Mortgage underwriters are behind-the-scene professionals that those seeking a mortgage never meet. No mortgage loan closes without the approval of a mortgage underwriter. It is the job role of a mortgage underwriter to make sure that an applicant’s income, savings, debt ratios and credit history meet with the loan program guidelines. Proper down payment must also be in place. In addition, these professionals ensure that the insurance, title and tax documentation are in place along with reviewing the appraisal to make sure it is accurate. In essence, mortgage underwriters have the final responsibility and approval for a loan. These professionals often work for banks, credit unions and mortgage brokers. With the emergence of the Internet, there are remote mortgage underwriter jobs available today. Automated underwriting systems that analyze data and assess risk based on given formulas also make these remote jobs possible.
Education for Mortgage Underwriters
Earning an underwriting certification can assist with securing a position as a junior loan processor. Once hired, many companies provide new underwriters with additional training. Often, training includes mortgage alternatives, such as FHA loans, fixed-rate loans and balloon mortgages. Although some companies hire individuals with a certificate in mortgage underwriting, most prefer to hire those with a four-year degree in management, finance, accounting or business. Typical courses in these majors include business law, finance fundamentals, business management and statistics.
Job Outlook and Salaries for Mortgage Underwriters
According to statistics, the growth for mortgage underwriters is projected at 8 percent through 2022. Compared with other industries, this growth rate is average. Population growth, low interest rates and economic growth will fuel the demand for these professionals. The need for commercial loans is also expected to increase. Statistics indicate that the median annual wage for mortgage underwriters in 2012 was $60,000. The top 10 percent earned over $115,000, and the lower 10 percent earned less than $32,000.
Job Description Residential mortgage due diligence company looking for additional employees to join its existing team for a variety of positions including Analyst (Underwriter), Senior Analyst (QC and Lead), and Client Service Manager (CSM) positions. Company Description American Mortgage Consultants, Inc. (AMC) is a Financial & Professional Services provider for Residential lending products. Esta...
Job Description: DE UNDERWRITER Looking for an experienced professional with an active DE certification to underwrite residential mortgage loans in accordance with FHA (HUD) and internal guidelines to ensure compliance with company and investor standards. REQUIREMENTS: - MUST HAVE RECENT 2010-Current EXPERIENCE TO BE CONSIDERED - Review and analyze borrower profiles - Determine eligibility for pri...
CrossCountry Mortgage, Inc. a National Mortgage Lender licensed in 49 states is seeking the best of the best in the field of mortgage underwriting. If you’re a smart, talented, experienced Underwriter then you belong on the CrossCountry Mortgage team. We currently have openings in our Tampa, Florida office as well as remote opportunities throughout the United States for Underwriters who have treme...
Company Confidential Los Angeles, CA, 90003
DE Underwriter (Remote) We are currently looking for an experienced DE Underwriter in the West Coast States. Our ideal team member possesses the ability to review and analyze residential real estate loan transactions resulting in sound underwriting decisions on complex loans regarding the credit worthiness of borrower(s). Relay loan decisions that meet investor, company standards in a professional...
Come join Members Cooperative Credit Union in Duluth, Minnesota, Outside’s best town 2014 winner! Duties include: Analyzes member/non-member requests for mortgage financing to expand lending while meeting member needs and minimizing risk in a manner that will fulfill the credit union’s mission. Maintains knowledge of changes in regulatory, economic and technology environments and assists in meetin...
First Guaranty Mortgage Telecommute
First Guaranty Mortgage Corporation is seeking Underwriters for our TPO channels, both Wholesale and Correspondent. Remote opportunities depending on internet connectivity speeds. D.E. with valid CHUMS ID V.A.SAR/ LAPP Superior analytical skills in income calculations Ability to communicate directly with clients with a sales attitude Ability to analyze collateral values using multiple tools Experi...
This is an excellent opportunity for an experienced DE government loan underwriter. This position is located in our Brighton Massachusetts corporate office. Remote underwriters please do not apply. First American Mortgage Trust is a national wholesale, correspondent and retail mortgage banker specializing in manual underwriting of FHA loans. We look for compensating factors to make FHA loans work....
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