Job Summary
We are seeking a detail-oriented and analytical Residential Mortgage Underwriter to join our team. The ideal candidate will evaluate mortgage loan applications, assess risks, and ensure compliance with lending policies. This role requires a strong understanding of financial services, risk analysis, and data collection to make informed lending decisions that align with company standards and regulatory requirements. The Mortgage Underwriter plays a critical role in facilitating homeownership opportunities while maintaining the financial integrity of the organization.
Responsibilities
- Review and analyze mortgage loan applications, supporting documents, and credit reports to determine eligibility.
- Conduct thorough risk analysis to assess borrower creditworthiness and repayment capacity.
- Evaluate financial data, including income, assets, debts, and credit history, ensuring accuracy and completeness.
- Apply underwriting guidelines and policies to approve or decline loan requests.
- Collaborate with loan officers and other stakeholders to clarify application details and resolve discrepancies.
- Prepare detailed underwriting reports that summarize findings and recommendations.
- Ensure all loan decisions comply with federal, state, and company regulations.
- Utilize negotiation skills when discussing terms or requesting additional information from applicants or agents.
Experience
- Proven experience in residential mortgage underwriting or a similar role within the financial services industry.
- Strong knowledge of risk analysis techniques, data collection methods, and mortgage lending policies.
- Familiarity with financial calculations, math proficiency, and accounting principles relevant to mortgage evaluation.
- Excellent analytical skills with the ability to interpret complex financial data accurately.
- Effective communication skills for negotiating terms and collaborating with team members.
- Prior experience using underwriting software or relevant financial tools is preferred but not required. This position offers an opportunity to contribute significantly to our lending operations by ensuring responsible lending practices while supporting clients in achieving homeownership goals.
Pay: $50,000.00-$70,000.00 per year
Benefits:
- Casual dress
- On-site parking
Application question(s):
- Are you eligible to work in Canada
Experience:
- Mortgage Underwriting: 2 years (required)
Licence/Certification:
Work Location: In person
