Mortgage Underwriter III

Socket.dev; Knoxville (TN); On-site; USD 80,000 - 110,000; Full time

Job summary

Socket.dev is seeking a Mortgage Underwriter III in Knoxville, TN to assess residential loan requests and mitigate risk in line with FNMA, FHLMC, and investor guidelines.

You will handle complex loans (Jumbo, Construction-to-Perm, HELOC), work with Encompass, and collaborate with Credit Union partners while ensuring regulatory compliance.

Strong communication, analytical skills, and attention to detail are essential to training teammates and maintaining quality standards.

Qualifications

• Minimum 5 years in mortgage underwriting with FNMA, FHLMC, Jumbo, and Construction-to-Perm.
• Minimum 3 years of mortgage or HELOC underwriting experience.
• Proficiency with Encompass preferred.
• Associate degree in a business-related field preferred; or equivalent financial services experience required.

Responsibilities

• Underwrite residential mortgage loan requests including Jumbo, Portfolio, Construction-to-Perm, HELOC, and Condo projects.
• Ensure compliance with policies, guidelines, and regulatory requirements.
• Communicate effectively with internal partners across the mortgage process.
• Provide training and act as subject matter expert for underwriting processes.
• Perform other duties as assigned.

Skills

Verbal communication

Written communication

Analytical thinking

Problem solving

Time management

Teamwork

Education

Associate degree in business

Technical/training in financial services

Tools

Encompass

Job description

Role: The Mortgage Underwriter III is responsible for underwriting residential mortgage loans to mitigate risk and meet all applicable Federal, State and NCUA regulations, as well as credit union, secondary market and investor guidelines, policies and procedures.

Essential Functions and Responsibilities:

• Performs activities related to credit decisions on loan requests for residential first mortgage loans including Jumbo, Portfolio, Construction-to-Permanent, HELOC, Denials, Withdrawals, and Condo Project Reviews, with the goal of achieving an optimal outcome for the Credit Union and the member. Utilization of automated underwriting systems or manual underwriting guidelines. Ensures compliance with established Credit Union policies, guidelines, and regulatory requirements. Utilizes a high degree of independence in problem solving and decision making. Primarily handles more complicated loans. Maintains acceptable quality scores and adheres to all service level agreement requirements.
• Maintains current knowledge of regulatory changes, external/internal compliance requirements and investor/portfolio guidelines. Receives training to ensure all guidelines are met.
• Communicates effectively and professionally with all internal partners associated with the Mortgage process.
• Provides training for Teammates, when necessary, acts as subject matter expert for the underwriting process, provides support in reviewing policies and procedures.
• Performs other job-related duties as assigned.

Experience:

• Minimum 5 years in mortgage underwriting required with a focus on FNMA, FHLMC, Jumbo, and Construction-to-Perm. Required
• Minimum 3 years of mortgage or HELOC underwriting experience. Required
• Working knowledge of Encompass. Preferred

Education:

• Associate's degree in a business-related field. Preferred
• Or technical/other training completion of a specialized course of study at a business or trade school or equivalent financial service industry experience. Required

Other Skills Required:

• Excellent verbal and written communication skills.
• Must be detail oriented with excellent organizational skills
• Must be proficient in Microsoft Excel, Word, and Outlook.
• Must have ability to think analytically, solve problems, work independently and as a Team.
• Must have excellent time management skills