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.
Mortgage Underwriter - Multiple Positions - APPLY NOW! ***** Requirements: • Minimum of 12 months mortgage underwriting background. • Good analytical skills and knowledge of loan origination systems. • Proficient with First Mortgage Conventional, VA, Texas Vet, Purchase Money Second and Convenience Line of Credit loans. • Member contact may be required • MS Outlook. •...
Summary: Ethos Lending is a fast growing technology and service oriented mortgage lender located in San Francisco that originates high-quality residential mortgage loans in-house from underwriting to closing. We enjoy a highly energetic, fast pace, dynamic, and entrepreneurial culture and company. Ethos Lending is currently hiring seasoned or entry-level underwriters, who are eager to become par...
Must have FHA DE and VA LAPP authority. Good communication and training skills necessary. 3 - 5 years recent mortgage underwriting experience. Encompass experience preferred. Please fax resume to 703-852-7196. EOE/M/F/H DFWP...
A rewarding career in the financial services industry is just a click away! We are now hiring for the following positions: CALL CENTER SPECIALIST CARD SERVICES REPRESENTATIVE COMPLIANCE SUPERVISOR MORTGAGE AND CONSUMER LOAN UNDERWRITER MORTGAGE LOAN ORIGINATOR SENIOR ELECTRONIC SERVICES REPRESENTATIVE SYSTEMS/NETWORK ADMINISTRATOR TELLER SERVICES REPRESENTATIVE (KANEOHE, MAIN AND PEARLRID...
Kern Schools Federal Credit Union has been serving the community since 1938. We currently have the following opening available: Centralized Lending Underwriter This person will be responsible for reviewing and analyzing consumer loan applications and making sound lending decisions based on internal operating procedures, board policies, and as governed by federal and state regulations. The ideal ...
Kern Schools Federal Credit Union has been serving the community since 1938. We currently have the following opening available: IT Security Manager Must be familiar with standard concepts, practices, and procedures within the Information Technology Security field. This position requires a strong understanding of applicable business systems, industry trends and an understanding of a layered secur...
Underwriter GTL Investments, (which operates under the brands John Adams Mortgage, Ann Arbor Mortgage, and Front Street Mortgage) is a well established mortgage company affiliated with Real Estate One, Michigan's largest Real Estate Company. The company is looking for a quality minded, customer service oriented individual who can underwrite loans. This full time position will be located in Southf...
goodmortgage.com Recognized by National Mortgage News as one of the “Top Ten Largest Online Lenders” About the Company: Based in Charlotte, NC, goodmortgage.com is one of the nation’s largest independent mortgage lenders. With 15 years of proven success and a stellar reputation with the Better Business Bureau, we are growing again! In addition to in-house processing and closing, goodmortgage.c...
Mortgage Underwriter We are seeking an Experienced Mortgage Underwriter. A minimum of 2 years experience with FHA and Conventional mortgage underwriting is required. The ideal candidate will have sound manual underwriting skills using DU or LP as a tool to assist in the credit decision. Desired Skills & Experience • Must have 2 years experience underwriting Conv. & FHA loan programs • Experien...
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......
Job Description: Are you an experienced Underwriter wanting to work with one of the largest players in the market? Our client is a risk and compliance managing company servicing investors and lenders. With the largest experience set in the industry, they have completed over 600,000 loan reviews! Locations: Maitland, FL Pay: $24 - $32 per hour Relocations assistance not provided. This positio...
Purpose To underwrite files by issuing/clearing conditions certifying that the data integrity of the loan files are in compliance with NOIC and agencies guidelines Essential Duties and Responsibilities · To review the documentation provided in the loan files to make an informed underwriting decision · To ensure that the loan file meets the program criteria for the type of financing the borrowe...
Summary: Under general direction but according to established policies and procedures is responsible for processing all consumer loans and residential mortgage applications. Handles all loan documentation required to process and close all retail loans. Principal Responsibilities and Duties · Review new loan applications to determine needed reports. · Order such items including employment and in...
Job Description: ** MORTGAGE LOAN UNDERWRITER ** (SACRAMENTO - FOLSOM - ROSEVILLE) --- APPLEONE, Roseville CA --- -- LOAN PROCESSOR -- LOAN UNDERWRITER -- LOAN FUNDER -- DOC DRAWER -- I'm a Specialized Mortgage Recruiter with 15 years in the industry. I only work with companies that are stable and with a very reputable background. Every company can say they are "The Best" to work for...or "...
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 ...
PeopleQuest Staffing is currently looking for VA Mortgage Underwriters for our client in Roseville, CA. These are full-time, direct hire positions for a direct retail lending establishment. If you are interested, qualified, and available, please click on the "apply now" button below to fill out an application and attach your resume. Your application and resume will be reviewed and a recruiter will...
FHA DE, VA LAPP and SAR authority required. 3 - 5 years recent mortgage underwriting experience. Encompass experience a plus. Paperless environment. Good communication, customer service and training skills necessary. Fax resume to 856-917-2600. EEO/M/F/H...
We are seeking a highly-experienced Mortgage Underwriter for a growing mortgage banker located in Bala Cynwyd, Pennsylvania. This is a direct hire opportunity and includes growth potential and benefits. The position includes underwriting residential loans, examining loan documents for accuracy and completeness, coordinating with management on loan exceptions and responding to individual and invest...
UHS America is renowned for hiring exceptional people and giving them unparalleled opportunities to build their careers and capabilities. If you are interested in a Career with an exciting team, where excellence and customer service are a fundamental part of the culture. UHS America is the place for you! Description: * Complete a full underwrite on all closed loan files * Analysis of all relate...
Paragon Global Resources is the premier partner of choice in global mobility, human resources, careers transition and real estate services. Paragon provides innovative programs, value added support, superior customer service and thought leadership to our clients that we serve around the world. GenEquity Mortgage, a division of Paragon Global Resources, is looking for a Mortgage Underwriter 11 in ...
Get new jobs by email for this search
We'll keep looking and send you new jobs that match this search.
Upload your resume and let employers find you!
It's that simple!
Real Estate Career Tools
$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.
Maintains customer confidence by keeping application information confidential.
Popular Mortgage Underwriter Articles
Sample Resume for a Mortgage Underwriter
You may be an expert at underwriting, but how about resume writing? Use this mortgage underwriter sample resume as a guide to preparing your resume.
Whether your beat is auditing, tax, financial analysis, lending or another specialty, explore careers in finance and search for finance jobs now.
Sample Resumes by Industry
Writing a resume specific to your industry is a great way to be a star candidate. If you need help customizing your resume to your field, check out these resume examples for various careers.
Sample Resume for a Mortgage Loan Processor
Does your resume demonstrate how accurately and efficiently you process loans? If not, borrow ideas from this sample for a mortgage loan processor.
2012 Finance, Accounting and Banking Job Outlook
It should be a job seeker's market in 2012 for candidates who can tick all the boxes for finance, accounting and banking employers.