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.
RESPONSIBILITIES: Kforce has a client seeking a Mortgage Underwriter to join their team in Cincinnati, Ohio (OH). This candidate will evaluate borrowers with a hardship and inability to pay current mortgage payments. This candidate will calculate borrower's monthly gross and net income as well as financial expenses and liabilities. REQUIREMENTS: Underwriting experience, tax prep or income calcu...
RESPONSIBILITIES: Kforce has a client seeking a Mortgage Underwriter in San Antonio, Texas (TX). Duties: 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 decision...
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...
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...
MORTGAGE BANKING POSITIONS NEEDED LOCAL ONLY No remote positions. Established and growing Mortgage Banker is looking for 2 positions to FILL Mortgage Processor & Mortgage Underwriter needed in our Naples Location Minimum 5 years mortgage banking experience that is current Must have knowledge of Encompass, All Regs and know how to look up Investor overlays PLEASE EMAIL RESUME TO LMAXWELL@AEMC...
Company Confidential Edina, MN, 55435
Residential Mortgage Lender who is FNMA and GNMA approved and headquartered in Denver, Colorado is seeking Senior Underwriters at its corporate office. The position is responsible for the execution of underwriting decisions based on company policy and industry standards. The position is responsible for ensuring sound credit and collateral decisions to protect the financial and operational interest...
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...
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 ...
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...
Jumbo Mortgage Underwriter JCIII & Associates, The Mortgage Solutions Company, is recruiting Jumbo Mortgage Underwriters. The Company JCIII is one of the fastest growing, independently owned mortgage due diligence companies in the nation. JCIII is committed to delivering superior results to our clients in every aspect of our suite of mortgage solution services. Our team has extensive experience...
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. E...
Homestar Financial Corporation (HFC) is a stable and growing Residential lender. We are currently seeking an experienced Residential Mortgage Underwriter for our Corporate Office in Gainesville, GA.. In this role you will be responsible for: 1. Analyzing and evaluating all aspects of borrower credit, employment/income and asset profile. Make final decision on acceptance or decline of loan reques...
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 About The Company: Country Club Mortgage is a privately owned retail mortgage company with branch offices throughout Central Ca. 90% of all Country Club Mortgage transactions are purchases with several agent/builder relationships. At Country Club Mortgage, our mission is to set a high standard in the mortgage industry. We are committed to quality customer service—puttin...
Commonwealth Mortgage, LLC is a direct lender located in Woburn, MA and is seeking a full-time experienced underwriter and a full-time experienced processor. The candidate will be responsible to perform a variety of duties relative to the timely underwriting and processing of mortgage loan applications. Must have strong communication and organizational skills, experience with secondary market inve...
Company Confidential Seal Beach, CA, 90740
UNDERWRITER – DE/VA & CONVENTIONAL We are seeking an experienced Mortgage Underwriter to work in our busy Seal Beach location supporting our correspondent lending division. Duties Include: Make loan decisions based on creditworthiness, issue approvals, denials, counter offers. Calculate income based on tax returns and or other income documentation, such as rental income, self-employment income...
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...
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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
Ranks risk by estimating degree of risk; noting any additional requirements; forwarding to loan committee.
Provides loan control information by collecting, analyzing, and summarizing data and trends.
Popular Mortgage Underwriter Articles
Sample Resume for a Mortgage Underwriter
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