Mortgage Underwriter Jobs
Mortgage Underwriter Overview
A mortgage underwriter is the person who processes and verifies a mortgage application. Mortgage underwriters are responsible for checking the applicant’s loan history, credit history, credit score, outstanding debt, income, and other factors that contribute to a loan approval or denial decision. The position is usually worked into after several years of experience working under a more experienced underwriter. However, past experience as a loan officer or general loan underwriter can speed up the process.
Mortgage Underwriter Education Requirements
Mortgage underwriters must have, at minimum, a high school diploma. Many obtain degrees or certifications from technical colleges. On-the-job training is provided upon hiring. Mortgage underwriters are required to possess strong mathematic and analytical skills, as well as the ability to communicate clearly with other agencies when verifying the applicant’s information.
Mortgage Underwriter Job Market
The total number of jobs for mortgage underwriters is expected to rise by 9 percent between 2012 and 2022, which will result in an estimated 3,010 new jobs per year. Mortgage underwriters are often employed by mortgage companies. A very few will find work on a freelance basis, and they will work when a company is flush with loans and needs the additional processing power.
Mortgage Underwriter Salary
Underwriters are well paid for their work with an average salary of around $53,000. Beginning underwriters might make as little as $31,000 until they work their way up. Experienced underwriters can make as much as $105,000 or more per year. The size of the employing company makes a large difference as does the experience of the underwriter. Some companies offer bonuses on the size of the approved loans. Freelance underwriters typically charge a flat rate, which can result in large sums being paid to them at a time. However, this can result in unsteady income in between projects.
The Purchase Clearing Underwriter is responsible for obtaining and forwarding all post closing, pre-purchase conditions to the investor, working towards the overall goal of timely purchases of loans. Core Responsibilities: o Utilize critical thinking skills and underwriting knowledge to assess validity of the suspense conditions o Works with various departments and 3rd parties in obtaining requ...
Company Confidential Cincinnati, OH, 45202
Residential Mortgage Underwriter/ Loan Manager A prominent community bank, experiencing record growth, is looking for a knowledgeable mortgage loan professional to manage within their very busy residential mortgage/ correspondent lending operations. This position is a key role for the Bank and will help in the development of the department and staff. It is a well-established bank that has a good ...
Mortgage Underwriter - Immediate Openings!!! Review applications to insure they are within specified Fannie Mae/Freddie Mac/VA criteria. Analyze income, assets, credit, real estate property appraisals, homeowner’s insurance, mortgage and flood insurance, title commitments and loan conditions for approval to include loan credit decisions. Requirements: Experience/ skilled with Fannie Mae’s Deskt...
Job Description Residential mortgage due diligence company looking for additional employees to join its existing team to perform due diligence no residential loans. Company Description American Mortgage Consultants, Inc. (AMC) is a Financial & Professional Services provider for Residential lending products. Established in 1996, AMC offers a comprehensive product line including, but not limited ...
We’re searching for some really great people who enjoy customers as much as we do. Evergreen Home Loans is seeking a dynamic individual to join our Home Office as an Underwriter. A strong problem solving and organization skill set with an emphasis on customer service is a MUST! We offer a very competitive salary and wonderful benefits!! If this sounds like you, don’t hesitate to apply today! Ple...
MORTGAGE DUE DILIGENCE PROFESSIONALS FORENSIC REVIEW UNDERWRITERS Submit Resume for Immediate Review and Interviewing Flexible Work Schedule Relaxed Office Atmosphere Casual Attire Growth Opportunities Job Functions: Special emphasis on fraud review and early payment defaults. Review loan application packages for completeness and accuracy. Confirm application information (1003) agains...
Privately owned mortgage companyn located in Mt. Laurel NJ is seeking a mortgage underwriter with at least 2 years experience ion FHA/VA/Conv/USDA residential loan programs. Good pay scale, health and 401k benefits available. Experience with Encompass software a plus......
Mortgage Underwriter Progressive Bank is currently seeking a full-time underwriter to assist with centralized underwriting. Candidates should be familiar with regulatory requirements and have an in-depth understanding of secondary market underwriting guidelines. Interested candidates should submit a resume and salary requirements to: Vice President/Credit Administration PO Box 6671 Wheeling, ...
Company Confidential Winston-Salem, NC, 27103
We are currently seeking individuals that have several years working knowledge as a mortgage underwriter and/or quality assurance background. Recent experience is preferred. These positions are open in the Winston-Salem area. We are seeking individuals who have worked with Conventional Conforming underwriting or QA experience with current knowledge of Fannie Mae and Freddie Mac Guidelines. Ability...
Underwrites mortgage loan applications and evaluates loans in order to maximize organizational profit and minimize risk or loss. Monitors property appraisal process. May require a bachelor's degree in area of specialty and at least 4 years of experience in the field or in a related area. Familiar with a variety of the field's concepts, practices, and procedures. Relies on extensive experience and ...
GMH Mortgage Services offers “Mortgage Banking as it was meant to be”. Our experienced mortgage professionals are dedicated to client satisfaction. GMH Mortgage Services has an immediate opening for an experience MortgageUnderwriterat our corporate office in Conshohocken, PA. The primary function of the Underwriter is tounderwrite mortgage loan credit files received from Retail Lending, Direct L...
Huntingdon Valley Bank is a seeking a full-time Mortgage Underwriter. This individual will be responsible for compliance and risk underwriting of all mortgage loan programs including Conventional, FHA, VA and Portfolio products. The person will review loan applications and documentation for qualifying purposes, (e.g., credit, income, assets, ratios and collateral) to ensure it meets Investor stand...
HUNT Mortgage is looking for a loan Underwriter to join our team of professionals. For this critical position, we are looking for someone with exceptional customer service skills, and is able to perform duties related to the underwriting of FHA, Conventional, and VA loans. Underwriter will evaluate and approve/deny applications of a highly complex nature, and complete review/evaluation of the mort...
Seeking highly skilled Underwriter - DE, VA SAR LAPP, and FNMA/FHLMC, and Non-Conforming required - to support our branches located throughout Northern California in our Regional Office located in Fresno, CA. Requirements: 5+ years experience, Outlook/Word/Excel, good analytical skills, resourceful, and detailed. Experience in Data Trac, Encompass, paperless UW systems, and working with multiple i...
Company Confidential Denver, CO, 80204
Residential Mortgage Lender who is FNMA and GNMA approved and headquartered in Denver, Colorado is seeking Senior Underwriters at its corporate office. Position will underwrite FNMA, FHLMC, FHA, VA, and USDA loans on a part time per-unit basis. The position is responsible for the execution of underwriting decisions based on company policy and industry standards and ensuring sound credit and collat...
Job Purpose: Protects mortgage investments by evaluating loan risk; rejecting and ranking risk. Duties: * Evaluates loan risk by verifying loan application information; verifying application information against loan criteria guidelines and standards. * Clarifies risk by requesting additional information. * Rejects loans by identifying and documenting deficiencies; returning application to loa...
Mortgage Underwriter POSITION OVERVIEW: We are seeking a new team member to join with us in our quest to build and maintain the best, most efficient work flow in the industry. As an underwriter here, you will work hand in hand with Processing, Sales, Closing, Compliance, Secondary, and maybe even a borrower now and then, to complete the loan process on every transaction within ten business days....
Mortgage Loan Underwriter Job Description The Underwriter evaluates information obtained for a mortgage loan application, reviews appropriate documentation, and decides whether credit can be extended based on specific qualification guidelines. The Underwriter analyzes a variety of financial data and documents in order to establish well-evidenced and reasonable calculations of income and assets. ...
Academy Mortgage Corporation is seeking an Underwriter to join our growing team in Long Beach, California. This Underwriter position cannot be worked remotely and must physically be located in our Long Beach office. Role Reviews, evaluates, and recommends approval or denial of mortgage loans applications, in compliance with company policy, and all applicable federal and state regulations. Acts a...
Our rapidly growing Mortgage client is looking to add a Quality Compliance Underwriter to their team. In this role, you will review loans after they have closed to ensure the work of the Production Underwriter is accurate. You will review -4 loans per day, so the workload is quite manageable. Experience in a variety of loans is required: Conventional, FHA/VA, etc. Our client offers a tremendous a...
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$37,400.00 - $86,649.00
Typical Salary for Mortgage Underwriter
Source: Monster.com Careerbenchmarking Tool
Education / Training
Some College Coursework Completed
Source: Monster.com Careerbenchmarking Tool
Protects mortgage investments by evaluating loan risk; rejecting and ranking risk.
Rate of Growth
Size of Industry in 2006:
Source: Bureau of Labor Statistics, May 2006
Rejects loans by identifying and documenting deficiencies; returning application to loan officer.
Clarifies risk by requesting additional information.
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