MORTGAGE UNDERWRITER

ADP, Inc.; Cape Girardeau (MO); On-site; USD 55,000 - 75,000; Full time

Job summary

ADP, Inc. is seeking a Mortgage Underwriter to evaluate residential mortgage loan applications for creditworthiness in accordance with investor, agency, and bank guidelines.

The role emphasizes sound judgment, high underwriting standards, and excellent customer experience. The position requires analyzing income, tax returns, and appraisals, ensuring compliance with federal/state regulations, and communicating outcomes clearly to loan officers and processing staff.

Qualifications

• 2-3 years mortgage processing/compliance experience.
• Knowledge of conventional loan programs.
• Experience interpreting credit reports, tax returns, and income docs.
• Familiar with FNMA and FHLMC guidelines.

Responsibilities

• Review and underwrite conventional mortgage loans.
• Analyze credit reports, income docs, appraisals, and assets.
• Evaluate borrower capacity and risk per guidelines.
• Decide loan approvals, suspensions, or denials with justification.
• Ensure compliance with regulations and investor requirements.
• Review complex income including self-employment and non-traditional sources.
• Communicate loan conditions to loan officers and staff.
• Prepare packages for sale to investors and funding.
• Participate in training, audits, and process improvements.

Skills

Mortgage underwriting

Credit reports analysis

Income verification

Regulatory guidelines

Communication skills

Underwriting systems

Analytical ability

Independent work

Tools

Mortgage software

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

MORTGAGE UNDERWRITER

Full Time CAPE GIRARDEAU, Cape Girardeau, MO, US

4 days ago Requisition ID: 1013

Date Posted: September 29, 2026

Department: Mortgage Lending
Reports To: SVP Residential Lending/Loan Operations
Status: Full-Time

Position Summary

We are seeking a Mortgage Underwriter to join our Mortgage Lending team. This role is responsible for analyzing and evaluating residential mortgage loan applications to determine creditworthiness and compliance with investor (FNMA.FHLMC), agencies, and bank lending guidelines. The successful candidate will exercise sound judgment, maintain high-quality underwriting standards, and contribute to an outstanding customer experience.

Essential Duties and Responsibilities

• Review and underwrite conventional secondary market and portfolio mortgage loans.
• Analyze credit reports, income documentation, tax returns, asset verification, appraisals, and collateral documentation.
• Evaluate borrower capacity, creditworthiness, and overall risk in accordance with agency and bank guidelines.
• Make sound underwriting decisions and issue loan approvals, suspensions, or denials with supporting documentation.
• Ensure compliance with applicable federal and state regulations, investor requirements, and internal policies.
• Review complex income calculations, including self-employed borrowers, rental income, trusts, and other non-traditional income sources.
• Communicate loan conditions and underwriting decisions clearly and timely to loan officers and processing staff.
• Package loan for sale to investors, request funding, and quality control.
• Participate in training, audits, quality control reviews, and process improvement initiatives.

Training and Support

• Serve as a resource for lenders, processors, underwriters, and operations personnel regarding secondary market regulations and pricing.
• Stay current on underwriting guidelines, regulatory changes, and industry best practices.

Qualifications

Required

• Minimum of 2-3 years of mortgage processing/compliance experience.
• Knowledge of conventional loan programs.
• Experience interpreting credit reports, tax returns, income documentation, and appraisals.
• Working knowledge of FNMA and FHLMC guidelines.
• Strong analytical, organizational, and decision-making skills.
• Excellent verbal and written communication skills.
• Proficiency with mortgage loan origination systems and underwriting technology.

Knowledge, Skills, and Abilities

• Ability to work independently and manage multiple priorities.
• Ability to meet deadlines in a fast-paced environment.
• Strong understanding of mortgage compliance and regulatory requirements.