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: Our client is seeking Mortgage Underwriters inSan Antonio, Texas (TX). Job Description: 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 decisio...
Job Title: Mortgage Underwriter Status: Fulltime, Non-Exempt Location: Woodbury, MN Summary Land/Home Financial Services, Inc. is a nationwide Mortgage Bank with several locations throughout the US. We are looking for a seasoned Senior DE Certified Underwriter to work out of our Woodbury, MN. Responsibilities will include, underwriting FHA/VA and Conventional loan files in accordance with stat...
UNFCU has expanded to the greater Washington, DC area. This position is responsible for underwriting first and second mortgages, Equity Lines and Equity loans while ensuring compliance with UNFCU’s Loan policy, secondary market guidelines, Federal, NCUA and State compliance. This is done to provide UNFCU membership with mortgage products and services. Accountabilities: Responsible for compliance...
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...
CyberCoders Matching Great People with Great Companies Learn more about CyberCoders Apply Conventional Underwriter Roseville, CA; Citrus Heights, CA Full-Time $65,000 - $90,000 Apply Apply Conventional Underwriter Roseville, CA; Citrus Heights, CA Full-Time $65,000 - $90,000 Apply Job Details Do you have at least 2+ years of recent front line underwriting experience? If so please rea...
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...
RESPONSIBILITIES: Our client is seeking Mortgage Underwriters in Addison, Texas (TX). Job Description: 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 ...
Northpointe Bank – UW - QC Manager Position Description The POWER of a CAREER! Northpointe Bank is seeking a detail oriented, customer service minded individual to join our QC Team as a Quality Control Manager in the Corporate Grand Rapids, Michigan office. This position requires an individual who has the desire to make a difference within the organization. An exceptional ability to grasp new con...
newtoday.jpg Banking/RE/Mortgage Mortgage Underwriter First Florida Bank is seeking an experienced Mortgage Underwriter to be based out of our Mary Esther location. Only candidates with at least 3 years underwriting experience with conventional, FHA and VA loans need apply. VA SAR certification required. Please fax resumes to Jennifer Brown at 850-654-5098 or visit the Careers page of our websi...
Midwest Community Bank/Blueleaf Lending Northern Illinois based bank and mortgage loan production office is seeking a Mortgage Underwriter to join its growing team of high motivated and dedicated professionals. This position will provide expert analysis of FNMA and FHLMC guidelines with extensive use of Desktop Underwriter and Loan Prospector. The analysis scope includes product, program and ensu...
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......
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...
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...
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...
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 ...
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, ...
This position requires 6-10 years mortgage lending experience with emphasis on credit and collateral analysis and evaluation. The incumbent is required to underwrite and decision a variety of loan types to include portfolio, conforming sold loans and FHA/VA products. Excellent organizational and time management skills are required. The incumbent must be proficient with all HUD/VA, as well as, seco...
iApprove Lending is looking for a DE Underwriter who underwrites residential mortgage loans in accordance with FHA/HUD and internal guidelines ensuring compliance with company and investor standards. Must have current in-depth experience and complete knowledge of lending guidelines and understand how those relate to internal and investor guidelines. Ability to clearly communicate corporate and i...
RESPONSIBILITIES: Our client is seeking Mortgage Underwriters in Phoenix, AZ. Job Description: 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 REQUIRE...
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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
Clarifies risk by requesting additional information.
Provides information by answering questions; responding to requests.
Popular Mortgage Underwriter Articles
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