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Position Overview
The Mortgage Underwriter is responsible for evaluating and underwriting residential mortgage loan applications while applying sound credit judgment and risk assessment principles. The ideal candidate will have significant wholesale mortgage underwriting experience and a strong understanding of broker-originated loan transactions, investor requirements, and agency guidelines. This role is responsible for making timely and accurate underwriting decisions while balancing risk, compliance, and exceptional service to internal and external customers.
Position Responsibilities
Review, analyze, and underwrite residential mortgage loan applications submitted through the wholesale channel in accordance with agency, investor, regulatory, and company guidelines.
Evaluate borrower creditworthiness through analysis of income, assets, liabilities, credit history, and overall risk profile.
Validate income calculations, employment documentation, asset sourcing, reserve requirements, and eligibility factors.
Underwrite a variety of loan products, including Conventional, FHA, VA, USDA, Jumbo, and Construction loans, as applicable.
Analyze complex borrower scenarios, including self-employed borrowers, rental income, commissioned income, multiple businesses, trusts, and other non-traditional income sources.
Assess credit risk, identify compensating factors, and make sound underwriting decisions consistent with company risk tolerance and investor requirements.
Review appraisal reports and collateral documentation to ensure property eligibility, valuation support, quality, completeness, and compliance with agency and investor guidelines.
Issue clear, accurate, and concise underwriting decisions and conditions to facilitate timely loan approvals and closings.
Ensure all underwriting decisions are properly documented and supported within the Loan Origination System (LOS).
Ensure compliance with federal and state regulations, agency requirements, investor guidelines, and company policies.
Maintain current knowledge of underwriting guidelines, regulatory changes, and industry developments.
Respond to quality control findings, post-closing audits, and investor inquiries as needed.
Broker Partnership & Communication
Serve as a primary underwriting resource for mortgage brokers and account executives.
Communicate underwriting decisions, conditions, and guideline interpretations clearly and professionally.
Assist brokers with structuring loan scenarios and identifying acceptable alternatives to support loan approvals when appropriate.
Foster positive broker relationships while maintaining adherence to risk and compliance standards.
Pipeline Management
Manage an assigned underwriting pipeline while meeting established service level agreements (SLAs).
Prioritize initial reviews, resubmissions, and condition reviews to support timely loan closings.
Maintain accuracy and productivity standards in a fast-paced environment.
Ensure underwriting decisions are thoroughly documented within the Loan Origination System (LOS).
Position Experience & Qualifications
This job description is intended to describe the general nature and level of work performed by employees in this position and is not intended to be an exhaustive list of all responsibilities and qualifications. Duties may be modified or assigned as needed. Click n' Close, Inc. is an Equal Opportunity Employer committed to creating a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to any protected status under applicable federal, state, or local law.