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Title
Text copied to clipboard!Mortgage Underwriter
Description
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We are looking for a detail-oriented Mortgage Underwriter to join our growing team. The Mortgage Underwriter will be responsible for reviewing, analyzing, and approving mortgage loan applications. This includes evaluating the potential risk of loan applicants by examining their financial status, credit, and property evaluations to determine the feasibility of granting a loan. The ideal candidate will have a strong understanding of mortgage loan products, loan documents, and underwriting guidelines. They will also have excellent communication skills, the ability to make sound decisions, and a keen eye for detail. The Mortgage Underwriter will work closely with loan officers and other members of the mortgage team to ensure a smooth loan application process.
Responsibilities
Text copied to clipboard!- Review and analyze loan applications.
- Evaluate the financial status and credit of loan applicants.
- Assess the value of the property to be mortgaged.
- Ensure compliance with underwriting guidelines and loan policies.
- Communicate with loan officers and applicants to obtain additional information.
- Make loan approval or rejection decisions.
- Document and maintain all records related to the underwriting process.
- Stay updated on the latest trends and developments in the mortgage industry.
- Provide training and guidance to junior underwriters.
- Work closely with other members of the mortgage team to ensure a smooth loan application process.
Requirements
Text copied to clipboard!- Bachelor's degree in Finance, Business, or a related field.
- Proven experience as a Mortgage Underwriter.
- Strong understanding of mortgage loan products and underwriting guidelines.
- Excellent analytical and decision-making skills.
- Strong communication and interpersonal skills.
- Detail-oriented with a high level of accuracy.
- Ability to work under pressure and meet tight deadlines.
- Proficiency in mortgage loan software.
- Knowledge of federal and state mortgage regulations.
- Certification from the Mortgage Bankers Association (MBA) is a plus.
Potential interview questions
Text copied to clipboard!- What is your experience with mortgage underwriting?
- How do you handle high-pressure situations?
- Can you describe a time when you had to make a difficult decision during the underwriting process?
- How do you stay updated on the latest trends and developments in the mortgage industry?
- What mortgage loan software are you proficient in?