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 LOAN UNDERWRITER Our wholesale unit is expanding our correspondent loan program with banks and credit unions. The underwriter will perform a wide range of duties related to the underwriting of residential mortgage loans. Current FHA DE and/or VA experience is highly preferred. MINIMUM 3 years underwriting and 5 years mortgage experience. Candidate must demonstrate attention to detail with...
Join our talented team! Department: Residential Real Estate Lending/Mortgage Lending Reports to: Loan Officer Supervises: None Summary: Assists in providing quality loans for the financial institution by underwriting and evaluating residential mortgage applications originated by mortgage firms outside the financial institution’s lending area and by financial institution personnel. Recommends appro...
Southwest Funding, LP is a Dallas, Texas based Direct Endorsement HUD approved residential Mortgage Lender. Since 1992, Southwest Funding, LP has been the industry leader in long-term opportunity for mortgage professionals. Underwriter - Corporate Office/Dallas Skills/Qualifications Detail-Oriented, Reporting Skills, Positive and Upbeat Attitude, Confidentiality, Coordination, Thoroughness, Qualit...
As a Mortgage Underwriter your responsibilities include but are not limited to · -Review and evaluate information on mortgage loan documentation to determine if borrower and/or property meet loan standards · -Complete a thorough analysis of loan files to determine compliance with company, investor, and government guidelines and standards · -Evaluate the entire credit package and collateral for res...
Scenario Desk Mortgage Underwriter Job Summary: Maverick Funding Corp. is seeking a Scenario Desk Underwriter to join our growing team in our Corporate Office located in Parsippany, NJ.The Scenario Desk Underwriter will determine eligibility and structure loans with individual investor guidelines. The responsibilities also include reviewing and understanding investor overlays as well as basic cred...
Analyze information to determine risk involved in lending money for mortgage loans; responsible for analyzing/verifying income, assets, credit and all supporting documentation to ensure sufficient to loan standards and guidelines; includes verifying all documentation is correct, complete and in the loan file; that the information has been correctly calculated. Provide direction and guidance to pro...
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 requests....
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...
Right Start Mortgage, Inc. Telecommute
Company Description Right Start Mortgage, a Fannie Mae Direct Seller/Servicer in business for 21 years and located in Southern California is seeking an experienced senior mortgage underwriter to join their staff. We are a completely paperless company, so you can work from anywhere! Job Responsibilities In this position, the Underwriter will handle the underwriting process for both retail and whole...
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 in...
STRATEGIC STAFFING SOLUTIONS (S3) HAS AN OPENING! S3 prides itself on being an international IT Staffing and Solutions Company with 20 years’ experience recruiting and managing exceptional IT and Business consultants for customers in the Financial, Energy, Public Sector and Retail Distribution industries. We are a full service IT firm, with 25 major market locations and is a privately held, finan...
We are a full sevice Mortgage Banker Institution servicing the lending needs of real estate professionals, builders and individual homebuyers throughout the state of Florida. We are looking for a full time Underwriter for our main branch located in Doral. 5 or more current years of experience in underwriting. Knowledge of automated underwriting engines, FHA, VA and Conventional. Experienced using...
SUMMARY Underwrite government and conventional loans, ensuring compliance with specific company, secondary market investor, and insurer standards. ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned. Examine overall loan documentation to ensure accuracy, completeness, and compliance with FHA/VA and conventional standards. Review loan-to-value ratio, credit rep...
Job Description: DE UNDERWRITER Looking for an experienced professional with an active DE certification to underwrite residential mortgage loans in accordance with FHA (HUD) and internal guidelines to ensure compliance with company and investor standards. REQUIREMENTS: - MUST HAVE RECENT 2010-Current EXPERIENCE TO BE CONSIDERED - Review and analyze borrower profiles - Determine eligibility for pri...
UNDERWRITER RESPONSIBILITIES: Perform post-closing analysis of residential mortgage loan files for completeness and accuracy Analyzing credit documents, mortgage applications, credit history, income documents, title documents, appraisals Perform a detailed review of completed verification and identify red-flags Prepare detailed write-up of the audit findings REQUIRED: BS/BA a definite plus 3-5 yea...
BNC National Bank is a National Banking Association with an excellent opportunity in our Overland Park office for an experiencedFHA DE Designation and VA SAR Authority Underwriter. Duties: • Underwrite new loan file submissions inclusive of all fraud detection processes and guidelines • Review resubmitted files or conditions for guideline acceptance (including the processing of required exceptions...
Sr. Mortgage Loan Processor/ Jr. Underwriter Luxury Mortgage Corp is currently seeking to hire MULTIPLE Loan Processors. Individual will work with loan originators and borrowers to complete loan applications. Locations: Stamford, CT Reports to: AVP of Operations Job Status/Type: Full Time CareerLevel: Experienced (non-manager) Work Experience: 5+ Years If you do not have these required skills plea...
CyberCoders Matching Great People with Great Companies Learn more about CyberCoders Apply Conventional Underwriter Roseville, CA; Citrus Heights, CA Full-Time $65,000 - $85,000 Apply Apply Conventional Underwriter Roseville, CA; Citrus Heights, CA Full-Time $65,000 - $85,000 Apply Job Details Do you have at least 2+ years of recent underwriting experience? If so please read on. Top Reasons to Work...
Academy Mortgage Corporation is seeking an Underwriter to join our growing team in Cincinnati, Ohio. 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 as a mentor for Underwriter I position. Evaluates acceptability of loan to investors and recommends approval or reject...
CrossCountry Mortgage, Inc. a National Mortgage Lender licensed in 49 states is seeking the best of the best in the field of mortgage underwriting. If you’re a smart, talented, experienced Underwriter then you belong on the CrossCountry Mortgage team. We currently have openings in our Tampa, Florida office as well as remote opportunities throughout the United States for Underwriters who have treme...
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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.
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.
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