Mortgage Underwriter

Capital Bank; New York (NY); Remote; USD 80,000 - 105,000; Full time

Benefits offered by this job

Paid Parental Leave

Employee Recognition Program

Tuition Reimbursement Program

Company 401k contributions

Paid Holidays

Job summary

Capital Bank is recruiting a Mortgage Loan Underwriter for a 100% remote position. The role evaluates mortgage applications to determine creditworthiness, ensuring compliance with federal and company standards.

Responsibilities include underwriting various loan products (FHA/VA/USDA/Conventional), reviewing documents, and maintaining turn times. Requires multiple designations and experience with agency guidelines.

Qualifications

• High School Diploma or equivalent required.
• FHA Direct Endorsement (CHUMS) designation required.
• VA SAR/LAPP designation required.

Responsibilities

• Underwrite a minimum of three new loan files per day.
• Review, analyze, and clear updated and conditioned loan files within required turn times.
• Maintain CBHL-mandated turn times for new submissions, resubmissions, and condition reviews.
• Monitor and respond to CSM scenarios within required timeframes.
• Provide underwriting and eligibility support to other Capital Bank departments as needed.
• Underwrite FHA, VA, USDA, Conventional, Non-Agency, and Jumbo loan products in accordance with policy.
• Analyze loan documentation and data for accuracy, completeness, and overall soundness.
• Identify and assess credit, income, asset, and collateral risk factors.
• Review appraisals and collateral documentation, including condo and PUD projects.
• Support Loan Officers during borrower qualification and structuring process.
• Remain current on investor, agency, and regulatory guideline updates.

Skills

Teamwork

Customer service

Organizational skills

Deadline awareness

Communication

Problem solving

Credit risk analysis

Appraisal review

Fannie Mae DU

Encompass LOS

Education

High School Diploma or equivalent

Bachelor’s degree preferred

FHA Direct Endorsement (CHUMS) designation

VA SAR/LAPP designation

Tools

Fannie Mae Desktop Underwriter

Freddie Mac Loan Product Advisor

Encompass LOS

Job description

About UsCapital Bank N.A. is headquartered in Maryland and has been serving our communities since 1999. We stand as a publicly traded company (NASDAQ: CBNK) with over $3 billion in assets. We offer commercial and consumer banking services to clients primarily in Maryland, DC, and Northern Virginia, alongside two nation-wide lending brands; Capital Bank Home Loans and OpenSky, a credit card division that offers and services credit cards across all states. Our personalized approach to banking, paired with cutting-edge technology solutions and a comprehensive suite of products and services, fuels our growth, and enables us to support our customers at every stage in their financial journey.Come join a bank where our employees thrive and are engaged in meaningful work. For the last 6 out of 7 years, Capital Bank was named one of the "Best Banks to Work For" in the U.S. by American Banker.

Position Purpose

The Mortgage Loan Underwriter is responsible for evaluating and analyzing mortgage loan applications to determine the creditworthiness of borrowers and ensure compliance with federal, state, and company regulations. This role involves assessing financial documents, credit reports, property appraisals, and income information to make informed decisions on loan approvals, conditions, or denials. The underwriter ensures that each loan meets the bank’s risk standards while supporting a smooth and efficient loan origination process.

Position Responsibilities

Underwrite a minimum of three new loan files per dayReview, analyze, and clear updated and conditioned loan files within required turn timesMaintain CBHL-mandated turn times for new submissions, resubmissions, and condition reviewsMonitor and respond to CSM scenarios within required timeframesProvide underwriting and eligibility support to other Capital Bank departments as neededUnderwrite FHA, VA, USDA, Conventional, Non-Agency, and Jumbo loan products in accordance with company policy and investor overlaysPerform new and established condominium project reviews, including warranty and eligibility determinations, in accordance with agency and investor guidelinesAnalyze loan documentation and data for accuracy, completeness, and overall soundnessIdentify and assess credit, income, asset, and collateral risk factorsReview appraisals and collateral documentation, including condominium and PUD projectsSupport Loan Officers during the borrower qualification and structuring processRemain current on investor, agency, and regulatory guideline updates impacting underwriting and condominium project eligibility decisions

Minimum Education & Experience

• High School Diploma or equivalent required
• Minimum of five years of experience underwriting agency mortgage loans
• Minimum of five years of experience underwriting secondary market guidelines
• Minimum of two years of experience with Jumbo and Non-Agency products
• FHA Direct Endorsement (CHUMS) designation required
• VA SAR/LAPP designation required
• USDA underwriting experience preferred
• Housing Finance Agency experience required (DC, DE, FL, VA, MD preferred)
• Bachelor’s degree preferred

Technical Knowledge and Skills

• Strong teamwork and customer service orientation
• Excellent organizational skills and ability to manage multiple priorities
• High sense of urgency and accountability for deadlines and assignments
• Ability to work effectively in a fast-paced environment
• Proficiency with Fannie Mae Desktop Underwriter and Freddie Mac Loan Product Advisor
• Encompass LOS experience preferred
• Advanced income analysis, including complex self-employed and variable income scenarios
• Credit risk analysis and interpretation
• Appraisal and collateral review, including condominium and PUD projects
• Ability to accurately interpret and apply agency, investor, and condominium project guidelines
• Strong problem-solving, critical thinking, and decision-making skills
• Clear and professional written and verbal communication
• Constant and consistent attention to detail

Compensation

Base Salary Range : $80,000 - $105,000 annually. Final determination of where you are at in the salary range is based on numerous factors such as geographical location, relevant experience, skill set, education, and ability to meet qualifications within the job description.

Additional Compensation : This role will include a yearly annual target bonus based on individual performance.

Working Arrangements

This is a 100% remote role

We’re currently hiring only within our core locations, which include

Maryland (MD), District of Columbia (DC), Virginia (VA), Pennsylvania (PA), Delaware (DE), Indiana (IN), Illinois (IL), South Carolina (SC), Florida (FL), and North Carolina (NC).

Why Join Us?

Join a growing company with a culture that fosters an entrepreneurial spirit

Comprehensive benefits package

including Medical, Dental, Vision, Company Paid Life Insurance, Disability Insurance, and more?

Company Contributions to your 401k - Regardless of your contribution

Employee Perks

• Paid Parental Leave, Employee Recognition Program, Leadership Program, Tuition Reimbursement Program, Employee Bank Checking Account, and much more!

Generous Paid Time Off and Paid Holidays - Including Paid Charity Hours to support volunteer opportunities

Supporting Businesses. Helping People. Strengthening Communities.

Capital Bank, N.A. is an E-Verify, affirmative action and equal opportunity Employer.