Mortgage Underwriter Remote (anywhere in the U.S.)

Homeward Inc; Austin (TX); Remote; USD 80,000 - 85,000; Full time

Job summary

Join a forward-thinking company that is revolutionizing the homebuying process. As a Fulfillment Underwriter, you will play a crucial role in ensuring loans meet stringent approval standards, collaborating closely with sales and operations teams. This role offers the chance to work in a remote-first environment, where innovative solutions are crafted to enhance the mortgage experience. With a commitment to core values like empathy and teamwork, you will thrive in a supportive atmosphere that values your contributions. If you're ready to make an impact in the real estate industry, this opportunity is for you!

Benefits

Stock option grant

401(k) employer contribution match

Health and wellness benefits

Generous paid parental leave

Twenty days of vacation

Five sick days

Twelve company holidays

Two floating holidays

Qualifications

• 5+ years of experience in mortgage underwriting.
• Experience with FHA and VA designations is a plus.

Responsibilities

• Validate calculations and ensure data integrity in the Loan Origination System.
• Evaluate credit packages for investment-quality loan products.

Skills

Underwriting FNMA

Underwriting FHLMC

Desktop Underwriter

Loan Origination Software

Communication Skills

Education

High School Diploma

Bachelor's Degree

Tools

Encompass

Loan Product Advisor

Job description

Homeward aims to take the “what ifs” out of homebuying by creating financial products that buyers and sellers use to get certainty and convenience in the real estate market. We’re a fast-paced, remote-first, real estate start-up that partners with agents to offer innovative products and services, helping clients buy with cash, sell with certainty, and time their move —no matter the market. We offer bundled services across offers, Mortgage, and Title, making buying a home more seamless.

Founder and CEO Tim Heyl, a 10-year industry veteran and owner of one of the fastest-growing agent teams in the country, started Homeward in 2018. In fact, he bought our first customer’s home with his own life savings. Today we offer four services -- Buy with Cash, Buy Before You Sell, Sell Before You List, and Backed by Cash, in the 7 states we serve -- Texas, Georgia, Florida, Colorado, Arizona, Oregon, and Washington.

As a remote company, we anchor to our three core values as a collective way to care for each other, represent our work, and reinforce our mission to make homebuying more accessible for all. Those are: The Golden Rule, One Team One Dream, and Calm Focus. Hear from our employees about what our values mean to them

About The Opportunity

The Homeward Mortgage Team is central to Homeward’s operation, responsible for conducting the financial review and approval of every customer that works with Homeward and processing and closing every loan secured with Homeward Mortgage. We’re focused on bringing financial innovations to life and delivering a seamlessly integrated mortgage experience. We are looking for residential Mortgage subject matter experts and smart, flexible people who can easily adapt to a new way of doing things.

We’re looking for a Fulfillment Underwriter to join our growing Underwriting team. Our Fulfillment Underwriting team is responsible for ensuring all Homeward Mortgage originated loans have strong approval, meeting Homeward’s and our investor guidelines, ensuring the certainty of a close. This team collaborates directly with our Mortgage Sales and Operations team to ensure we communicate conditions clearly and expertly, and show great intent to make the deal work every time we can, through creative solutioning and structuring. We are looking for team members who are collaborative, motivated, and creative. You must have front-line Underwriting experience as well as experience working with multiple Investors.

Responsibilities Will Include:

• Validate the accuracy of all calculations and update data in LOS to ensure data integrity in the AUS response.
• Evaluate the credit package to ensure an investment-quality loan product. Analyze borrower’s credit capacity through in-depth review of income and asset documentation, including self-employed borrower income calculations. Calculate housing and debt ratios, measuring applicant liquidity, asset concentrations, and leverage.
• Review and approve third party purchase contract/addendums, title report, escrow instructions, environmental report, and other legal documentation.
• Work with team members (Processors, Closers, and Loan Officers) to identify potential solutions/alternatives for difficult/denied loan files.
• Ensure timely escalation to the Underwriting Manager/Director for review of any/all loan level challenges.
• Meet turn time expectations and SLAs for review
• Maintain current knowledge of secondary market guidelines
• Manage a daily pipeline and ensure service expectations and company-mandated turn times are met

About You:

• 5+ years of experience underwriting FNMA, FHLMC
• FHA and VA designations are also a plus
• Experience underwriting to multiple Investor guidelines and overlays
• Advanced knowledge of Desktop Underwriter (DU) and Loan Product Advisor (LPA)
• Refinance and purchase mortgage underwriting
• Loan Origination Software experience required, Encompass preferred
• Strong written and verbal communication skills
• Ability to thrive in a fast-paced, high-production environment
• Compensation range: $80,000 - $85,000
• Remote-first environment (our Headquarters are in Austin, TX, come visit!)
• Exciting stock option grant for every full-time employee
• 401(k) employer contribution match
• Health and wellness benefits, including medical, dental, vision, and life insurance
• Twenty days of vacation, five sick days, twelve company holidays, and two floating holidays each year
• Generous paid parental leave of up to 14 weeks

See more about how Homeward takes care of our team by providing a generous package of benefits here .

Value-Driven Employee Experience

THE GOLDEN RULE. It’s simple: Treat others the way we want to be treated. Whether we’re dealing with colleagues or customers, we don’t prioritize money or growth over people, and we practice empathy at every opportunity.

CALM FOCUS. We work in tech and build solutions for real estate. Both are fast-paced and stressful industries. But by focusing on the larger objective rather than rushing from one task to the next, we can create solutions our customers love.

ONE TEAM, ONE DREAM. Big problems require big solutions. We look at our customers’ experiences holistically and recognize that solving them requires collaboration across teams and our three affiliate companies — Homeward, Homeward Mortgage and Homeward Title.

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