Mortgage Underwriter

City Personnel; Providence (RI); On-site; USD 65,000 - 72,000; Full time

Benefits offered by this job

Medical, dental, and vision coverage

401(k) with company match

Employee homebuyer assistance

Job summary

City Personnel, Inc. is seeking an experienced Mortgage Underwriter to join its Real Estate Lending team in Pawtucket, RI. The role involves reviewing complex mortgage files, including Jumbo and self-employed borrowers, to ensure compliant, sound credit decisions.

Responsibilities include evaluating applications against investor guidelines, underwriting complex products, and ensuring ATR compliance. Collaboration with Loan Officers and Processors is essential to finalize approved loans.

Qualifications

• At least 2 years of experience in lending; mortgage underwriting preferred.
• NMLS registration or ability to register.
• Working knowledge of FNMA/FHLMC guidelines; Encompass LOS experience is a plus.
• Strong analytical, mathematical, and organizational skills; able to manage multiple priorities under pressure.
• Excellent written and verbal communication with a high level of confidentiality.

Responsibilities

• Review and evaluate residential mortgage applications against investor, FNMA, and FHLMC guidelines and render accurate, compliant loan decisions within service levels.
• Underwrite complex loan products, including Jumbo loans and self-employed borrowers, by calculating income/assets and applying overlays.
• Ensure ATR compliance by documenting all eight underwriting factors.
• Collaborate with Loan Officers and Mortgage Processors to resolve conditions and sign off on closing conditions including appraisal review.
• Enter underwriting conditions and HMDA data into Encompass LOS; order PMI as required and respond to audits.
• Maintain file compliance with BSA/AML, OFAC, and customer identification requirements; suggest lending policy improvements.

Skills

Detail-oriented

Analytical skills

Communication skills

Confidentiality

Tools

Encompass LOS

Job description

Our client, a well-established financial institution, is seeking an experienced Mortgage Underwriter to join its Real Estate Lending team. This is a great opportunity for a detail-oriented lending professional who enjoys analyzing complex files, including Jumbo and self-employed loans, and takes pride in sound, compliant credit decisions.

Compensation & Highlights:

• Location: Pawtucket, RI
• Pay: $65,000 - $72,000 per year, based on experience
• Medical, dental, and vision coverage for employees and dependents
• 401(k) with company match
• Employee homebuyer assistance

Responsibilities of the Mortgage Underwriter:

• Review and evaluate residential mortgage applications against investor, FNMA, and FHLMC guidelines, and render accurate, compliant loan decisions within established service levels.
• Underwrite complex loan products, including Jumbo loans and self-employed borrowers, by calculating income and assets and following AUS findings and investor, agency, and institutional overlays.
• Make sure each loan meets CFPB Ability to Repay (ATR) requirements by documenting all eight required underwriting factors.
• Work with Loan Officers and Mortgage Processors to resolve conditions, then sign off on closing conditions, including appraisal review, to finalize approved loans.
• Enter underwriting conditions and HMDA data into Encompass LOS, order PMI as required, and respond promptly to pre- and post-funding audits.
• Keep files compliant with BSA/AML, OFAC, and member identification requirements, and recommend improvements to lending policies and procedures.

Qualifications of the Mortgage Underwriter:

• At least 2 years of experience in a lending function or a closely related field; mortgage underwriting experience preferred.
• Registered, or able to register, with the Nationwide Mortgage Licensing System and Registry (NMLS).
• Working knowledge of FNMA/FHLMC guidelines; Encompass LOS experience is a plus.
• Strong analytical, math, and organizational skills, with the ability to manage multiple priorities and meet deadlines under pressure.
• Excellent written and verbal communication skills, a high standard of confidentiality, and a professional, service-focused approach.

Please note: City Personnel offers extended interview hours from 7 am-7 pm upon request.