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.
Immediate opening for experienced Underwriter in the Northern Virginia Branch of an established multi-office Mid-Atlantic correspondent lender. Permanent secure position. Summary of Position: Unique position that Pre-Underwrites residential retail mortgage Pre-Approvals and scenarios, ensuring compliance with company and secondary market investor standards. The Underwriter will be responsible for...
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...
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...
SUMMARY: Responsible for the Underwriting of Consumer Installment, Equity and Mortgage loans while adhering to State, Federal, Bank and Secondary Market Guidelines. This position requires an extreme attention to detail, time management skills and robust analysis skills. Extensive knowledge of income, credit, asset and collateral standards. DUTIES AND RESPONSIBILITIES: Include the following, other...
Acopia, a national mortgage banker headquartered in Nashville, TN, is searching for motivated, enthusiastic individuals with a strong underwriting background. Remote opportunities available as well. Job Summary: Underwrites residential mortgage loans in accordance with FHA, VA, USDA and Conventional guidelines ensuring compliance with agency, Acopia and investor standards. Reviews and verifies all...
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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