Conventional Underwriter- Midwest

Rate

United States

Hybrid

USD 75,000 - 95,000

Full time

14 days+

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Benefits offered by this job

Comprehensive benefits program

401(k) participation

Medical, dental, and vision insurance

Flexible spending accounts

Job summary

A leading mortgage lender is seeking a Conventional Underwriter to join their dedicated team. The role involves ensuring compliance with mortgage underwriting standards and examining loan documents for accuracy. Candidates should have over 5 years of experience in mortgage underwriting, particularly in conventional loans. This position offers competitive compensation and the flexibility of remote work.

Qualifications

5+ years of mortgage underwriting experience.
Experience with multiple lender guidelines.
Ability to critically examine credit, income, asset documents.

Responsibilities

Underwrite residential loans ensuring compliance.
Examine loan documentation for accuracy.
Respond to audits directly.

Skills

Mortgage underwriting experience

Conventional underwriting experience

Knowledge of Fannie Mae/DU guidelines

Credit document examination

Job description

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Rate provided pay range

This range is provided by Rate. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$75,000.00/yr - $95,000.00/yr

Additional compensation types

Annual Bonus

About Rate Companies:

Rate Companies is a leader in mortgage lending and digital financial services. Headquartered in Chicago, the Rate Companies has more than 7,000 employees in over 850 branches across the U.S., serving all 50 states and Washington, D.C. Since its launch in 2000, Rate Companies has helped more than 1 million homeowners with home purchase loans and refinances, with a total loan volume of more than $116 billion in 2021 alone. The company has cemented itself as an industry leader by introducing innovative technology, offering low rates and delivering unparalleled customer service. Honors and awards include: Top Lender for Online Service for 2018 by U.S. News & World Report; Best Mortgage Lender for Online Loans and Best Mortgage Lender for Refinancing by NerdWallet for 2021; HousingWire’s 2020 Tech100 award for the company’s industry-leading FlashClose technology; No. 3 ranking in Scotsman Guide’s 2021 list of Top Retail Mortgage Lenders; Chicago Agent Magazine’s Lender of the Year for six consecutive years; and Chicago Tribune’s Top Workplaces list for seven consecutive years. Visit rate.com for more information.

What's the Role?

We are currently seeking a hard-working, dedicated Conventional Underwriter to join our innovative and passionate team.

Responsibilities:

As an Underwriter you will be responsible for but not limited to the underwriting of residential loans ensuring compliance with appropriate company and investor standards
A Mortgage Underwriter will be responsible for examining loan documentations for accuracy and completeness while working with loan originator or production staff to secure all required documents
Mortgage Underwriters may be involved in one or several types of mortgage lending (conventional, government-backed, etc.)
You may be required to work with more senior mortgage underwriters on loan exceptions having the authority to withdraw and decline loans
You may also be required to respond directly to individual and investor audits
Includes all levels of underwriting authority and exception levels

Qualifications:

5+ years of mortgage underwriting experience
5+ years of Conventional underwriting experience
Experience with underwriting to multiple lender guidelines and requirements
Knowledge of Fannie Mae/DU and Freddie Mac guidelines and automated underwriting systems
Critically examine credit, income and asset documents and review title policy and appraisals

Rate is an Equal Opportunity Employer that welcomes and encourages all applicants to apply regardless of age, race, sex, religion, color, national origin, disability, veteran status, sexual orientation, gender identity and/or expression, marital or parental status, ancestry, citizenship status, pregnancy or other reason, as protected by law.

The company offers a comprehensive benefits program to eligible employees, including eligibility to participate in a company-sponsored 401(k); vacation benefits; eligibility for medical, dental, vision, and prescription drug benefits; flexible benefits (e.g., healthcare and/or dependent day care flexible spending accounts); life insurance and death benefits; critical care insurance; personal accidental insurance; commuter benefits; pet insurance; certain time off and leave of absence benefits; well-being benefits (e.g., employee assistance program); and other supplemental benefits (e.g. legal planning assistance; identity theft protection; pet insurance; wellness resources). Please click this link to learn more about our benefit offerings for Washington State: https://www.rate.com/careers/open-positions/disclosures

Applications are being accepted on an ongoing basis.

Seniority level