Underwriter

<p><b><span>Summary</span></b><span>:</span></p><p><span>The Conventional Underwriter is responsible for performing a comprehensive review and analysis of mortgage loan files to make informed lending decisions. This role primarily focuses on conventional loans, Closed End Second, and VA IRRRL loan products. The ideal candidate will be well-versed in FNMA, FHLMC, and investor guidelines and possess strong analytical, decision-making, and communication skills.</span></p><p></p><p><b><span>Essential Job Duties and Responsibilities</span></b>:</p><ul><li><p>Review and underwrite loan files with a focus on the 4 Cs: Credit, Capacity, Collateral, and Capital.</p></li><li><p>Evaluate loan applications to determine borrower qualification, including creditworthiness and ability to repay.</p></li><li><p>Accurately calculate various income types including salaried, self-employed, rental, and other income.</p></li><li><p>Analyze assets including bank statements, retirement accounts, mutual funds, and other investments. Identify red flags, large deposits, and unusual activity.</p></li><li><p>Complete detailed credit analysis, including review of credit reports, trade lines, derogatory accounts, public records, and DTI/HTI calculations.</p></li><li><p>Review collateral and property valuation reports to ensure compliance with investor and company guidelines.</p></li><li><p>Provide timely and accurate underwriting decisions (approve, suspend, or deny) and clearly document rationale.</p></li><li><p>Review initial submissions and re-submissions and clear conditions within established SLAs.</p></li><li><p>Apply current investor guidelines using resources such as AllRegs (FNMA/FHLMC) and client overlays.</p></li><li><p>Collaborate with processors, closers, and other departments to ensure smooth and timely loan processing.</p></li><li><p>Maintain high-quality underwriting standards and compliance with regulatory requirements.</p></li><li><p>Comply with all company policies and procedures.</p></li><li><p>Maintain regular and punctual attendance.</p></li></ul><p></p><p><b><span>Other Job Duties and Responsibilities: </span></b></p><p>Performs other related duties as assigned.</p><p></p><p><b><span>Supervisory Responsibilities</span></b><b><span>:</span></b></p><ul><li><p>This position is an individual contributor.</p></li></ul><p></p><p><b><span>Qualifications</span></b><b><span>:</span></b></p><p>To perform this job successfully, an individual must be able to perform each essential <span><span style="overflow-wrap: break-word; display: inline; text-decoration: inherit; hyphens: auto;">function satisfactorily.</span></span> The requirements listed below are representative of the knowledge, skill, and/or ability required.</p><ul><li><p>In-depth knowledge of FNMA, FHLMC, and investor guidelines.</p></li><li><p>Strong analytical and problem-solving skills.</p></li><li><p>Ability to exercise sound business judgment and make appropriate credit decisions.</p></li><li><p>Experience underwriting loan types such as Conventional, Closed End Second, and VA IRRRL.</p></li><li><p>Proficient in reviewing and interpreting income documentation (W-2s, tax returns, bank statements, etc.).</p></li><li><p>Familiarity with AllRegs and ability to locate and interpret guidelines.</p></li><li><p>Strong communication and presentation skills.</p></li><li><p>Self-motivated, detail-oriented, and able to work independently or as part of a team.</p></li><li><p>High level of integrity and a commitment to delivering quality work.</p></li></ul><p></p><p><b><span>Education and/or Experience</span></b><b><span>:</span></b></p><ul><li><p>Bachelor’s Degree from a Four (4) year College or University preferred.</p></li><li><p>3-5+ years of conventional mortgage underwriting experience.</p></li></ul><p></p><p><b><span>Certificates, Licenses, Registrations</span></b><b><span>:</span></b></p><ul><li><p>None Required</p></li></ul><p></p><p><b><span>Work Complexity:</span></b></p><p><span>Problems and issues faced are general, and may require understanding of broader set of issues but typically are not complex. May require familiarity with the financial/mortgage (or job-specific) industry. Problems require understanding of other job areas.  Problems are typically solved through drawing from prior experiences, with analysis of the issue.</span></p><p></p><p><b><span>Work Environment</span></b><b>:</b></p><p>The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Work is normally performed in a typical interior office work environment which does not subject the employee to any hazardous or unpleasant elements. The noise level in the work environment is usually moderate.</p><p></p><p><b><span>Physical Demands</span></b><b>:</b></p><p>The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to sit and talk or hear. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds.</p><p></p><p><b><span>Equal Employment Opportunity:</span></b></p><p>The company is committed to providing equal employment opportunities to all employees and applicants without regard to race, ethnicity, color, sex, marital status, sexual orientation, gender identity or expression, pregnancy, religion, national origin, age (40 and over), disability, military status, genetic information, or any other basis protected by applicable federal, state, or local laws.</p><p></p><p><b><span>Americans with Disabilities Act:</span></b></p><p>Applicants as well as employees who are or become disabled must be able to satisfactorily perform the essential job functions of the position either with or without reasonable accommodation. Applicants as well as employees are encouraged to meet with Human Resources as the organization shall review reasonable accommodations on a case-by-case basis in accordance with applicable law.</p><p></p><p><b><span>Job Responsibilities:</span></b></p><p>The statements reflect the general duties and responsibilities considered necessary to perform the essential functions of the job and should not be considered as an all-inclusive list of all the work requirements of the position. The company may change the specific job duties with or without prior notice based on the needs of the organization<span>.</span></p><p></p><p><span>#AC-LI1</span></p>

Back to blog

Common Interview Questions And Answers

1. HOW DO YOU PLAN YOUR DAY?

This is what this question poses: When do you focus and start working seriously? What are the hours you work optimally? Are you a night owl? A morning bird? Remote teams can be made up of people working on different shifts and around the world, so you won't necessarily be stuck in the 9-5 schedule if it's not for you...

2. HOW DO YOU USE THE DIFFERENT COMMUNICATION TOOLS IN DIFFERENT SITUATIONS?

When you're working on a remote team, there's no way to chat in the hallway between meetings or catch up on the latest project during an office carpool. Therefore, virtual communication will be absolutely essential to get your work done...

3. WHAT IS "WORKING REMOTE" REALLY FOR YOU?

Many people want to work remotely because of the flexibility it allows. You can work anywhere and at any time of the day...

4. WHAT DO YOU NEED IN YOUR PHYSICAL WORKSPACE TO SUCCEED IN YOUR WORK?

With this question, companies are looking to see what equipment they may need to provide you with and to verify how aware you are of what remote working could mean for you physically and logistically...

5. HOW DO YOU PROCESS INFORMATION?

Several years ago, I was working in a team to plan a big event. My supervisor made us all work as a team before the big day. One of our activities has been to find out how each of us processes information...

6. HOW DO YOU MANAGE THE CALENDAR AND THE PROGRAM? WHICH APPLICATIONS / SYSTEM DO YOU USE?

Or you may receive even more specific questions, such as: What's on your calendar? Do you plan blocks of time to do certain types of work? Do you have an open calendar that everyone can see?...

7. HOW DO YOU ORGANIZE FILES, LINKS, AND TABS ON YOUR COMPUTER?

Just like your schedule, how you track files and other information is very important. After all, everything is digital!...

8. HOW TO PRIORITIZE WORK?

The day I watched Marie Forleo's film separating the important from the urgent, my life changed. Not all remote jobs start fast, but most of them are...

9. HOW DO YOU PREPARE FOR A MEETING AND PREPARE A MEETING? WHAT DO YOU SEE HAPPENING DURING THE MEETING?

Just as communication is essential when working remotely, so is organization. Because you won't have those opportunities in the elevator or a casual conversation in the lunchroom, you should take advantage of the little time you have in a video or phone conference...

10. HOW DO YOU USE TECHNOLOGY ON A DAILY BASIS, IN YOUR WORK AND FOR YOUR PLEASURE?

This is a great question because it shows your comfort level with technology, which is very important for a remote worker because you will be working with technology over time...