Senior Mortgage Underwriter - Freelance AI Trainer

Mindrift; Texas; On-site; USD 41,328 - 82,656; Full time

Job summary

Mindrift is offering a project-based opportunity for experienced professionals in mortgage underwriting. Applicants will evaluate AI-generated loan underwriting decisions, create test cases, and ensure compliance with regulations. Candidates should have a degree in a relevant field and 3+ years in residential mortgage underwriting.

This role offers compensation of up to $60 per hour, depending on contribution level. Project expectations estimate around 10-20 hours of work per week during active phases, and tasks are flexible based on project requirements.

Qualifications

• 3+ years of residential mortgage underwriting or equivalent experience.
• FHA Direct Endorsement (DE) or VA Credit Underwriter authority is a strong signal.
• Ability to calculate qualifying income from IRS Forms.

Responsibilities

• Evaluate AI-generated mortgage underwriting decisions across loan types.
• Create test cases for qualifying income calculations for self-employed borrowers.
• Document problem statements clearly and provide verified correct answers.

Skills

Mortgage underwriting

Income calculations for self-employed borrowers

Fannie Mae / Freddie Mac selling guides

Reg B and Reg Z compliance

Automated underwriting systems

Written English (C1+)

Education

Degree in Finance, Business, Economics, or related field

Tools

Encompass

Empower

Job description

Participation is project-based, not permanent employment.

What This Opportunity Involves

• Evaluate AI-generated mortgage underwriting decisions across loan types (conforming, jumbo, FHA, VA, cash-out refinance);
• Create test cases involving qualifying income calculations for self-employed borrowers using Schedule C, K-1, and Schedule E;
• Design pre-qualification scenarios based on realistic rate sheets across different credit score ranges and down-payment percentages;
• Draft and audit conditional approval letters and adverse action notices for Reg B / ECOA compliance;
• Verify gift fund documentation chains and disclosure timing under TRID, Reg Z, and RESPA;
• Distinguish Fannie Mae / Freddie Mac selling guide rules from lender overlays in jumbo and non-conforming loan scenarios;
• Apply correct rulesets for rate-and-term vs. cash-out refinances, including state-specific overlays (e.g. Texas Section 50(a)(6));
• Document problem statements clearly and provide verified correct answers

What We Look For

• Degree in Finance, Business, Economics, or any related field;
• 3+ years of residential mortgage underwriting or equivalent professional experience; FHA Direct Endorsement (DE) or VA Credit Underwriter authority is a strong signal;
• Ability to calculate qualifying income for self-employed borrowers from IRS Forms 1040, Schedule C, Schedule E, and K-1;
• Deep familiarity with Fannie Mae / Freddie Mac selling guides and the overlay-versus-rule distinction;
• Knowledge of Reg B adverse action requirements, Reg Z, and TRID disclosure timing rules;
• Familiarity with automated underwriting systems (DU / LP) and loan origination software (Encompass, Empower);
• Strong written English (C1+)

How It Works

Apply → Pass qualification(s) → Join a project → Complete tasks → Get paid

Project time expectations

For this project, tasks are estimated to require around 10-20 hours per week during active phases, based on project requirements. This is an estimate, not a guaranteed workload, and applies only while the project is active.

Compensation

On this project, contributors can earn up to $60 per hour equivalent, depending on their level and pace of contribution.
Compensation varies across projects depending on scope, complexity, and required expertise. Please note that other projects on the platform may offer different earning levels based on their requirements.