Mortgage Loan Underwriter

Coastal Credit Union; Raleigh (NC); Hybrid; USD 70,000 - 100,000; Full time

Job summary

Coastal Credit Union in Raleigh, NC, is seeking a Mortgage Loan Underwriter to thoroughly evaluate mortgage applications and documentation to determine borrower eligibility, ensuring compliance with Coastal, investor, regulatory, and agency guidelines.

Responsibilities include risk-based loan review, decision-making on approvals/denials, regulatory adherence (TRID, ATR/QM, Reg B), collaboration with operations and sales for timely closings, and pipeline management to meet internal and regulatory

Qualifications

• Five years in mortgage underwriting experience.
• Active VA and FHA underwriting credentials preferred.
• One year of prior Encompass experience.

Responsibilities

• Review loan applications to assess risk and determine borrower eligibility.
• Issue loan approvals, suspensions, and denials based on risk analysis.
• Ensure loans meet TRID, ATR/QM, Reg B and fair lending guidelines.
• Collaborate with operations and sales to facilitate timely closings and explain underwriting decisions.
• Maintain pipeline and ensure service levels and regulatory requirements are met.

Skills

Loan underwriting

Risk assessment

Regulatory compliance

Credit analysis

Communication

Education

High school diploma

Tools

Encompass

Job description

Job Title: Mortgage Loan Underwriter

Position Location: Raleigh, NC. Hybrid, must live locally. Two days a week in office.

Job Summary:

The Mortgage Loan Underwriter is responsible for fully evaluating the mortgage loan application and documentation to determine borrower eligibility based on creditworthiness, income, assets, and property. The Underwriter ensures all loans meet Coastal, investor, regulatory and agency guidelines.

As a key contributor to the Coastal team, your responsibilities will be:

• (40%) Loan Application Review and Risk Assessment – analyze borrower financials, income, credit history, assets, and property details to assess risk and determine loan eligibility.
• (25%) Decision Making and Conditions Management- issue loan approvals, suspensions, and denials based on thorough risk analysis.
• (15%) Compliance and Regulatory Adherence – ensure loans meet applicable federal, state, and agency regulations including TRID, ATR/QM, Reg B and fair lending. Maintain up-to-date knowledge of underwriting guidelines and changes in industry standards.
• (10%) Collaboration and Communication- work closely with operations and sales to facilitate a timely loan closing. Provide clear explanations for underwriting decisions and provide input on complex loans.
• (10%) Pipeline Management- maintain service level agreement and internal and regulatory requirements.

Interested? Here are the qualifications we need to see on your resume:

Experience:

• Five years in mortgage underwriting experience
• Active VA and FHA underwriting credentials preferred
• One year of prior Encompass experience

Education:

• High school diploma or equivalent

Essential cognitive/physical/social requirements of position:

Must be able to learn and retain information; remain in a stationary position; constantly operate a computer; and converse with others on a continual basis.

"It's our duty to create a workplace and company culture where everyone feels heard and valued, and is appreciated for their unique backgrounds, experiences, and perspectives. At the end of the day, what truly matters is that every person who walks through our doors believes that they are an integral part of our team and can bring their best, true self to work each day. Building a culture of inclusivity means creating an environment where everyone thrives and succeeds together."

-Tyler Grodi, CEO

VEVRAA Federal Contractor

Equal Opportunity/Affirmative Action Employer

Minority/Female/Disability/Veterans

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

Coastal Federal Credit Union is committed to providing reasonable accommodations to applicants who may have disabilities. If you need special assistance or an accommodation in applying for employment, please contact our HR department at [e-mail]. Request for reasonable accommodation will be considered on a case by case basis.

Deadline for Application: All resumes must be received on or before 10/30/2026