Underwriter

Kentucky Housing Corporation; Oregon; Hybrid; USD 75,000 - 115,000; Full time

Job summary

Kentucky Housing Corporation is seeking a Single-Family Underwriter to review and approve or deny loans aligned with CFPB rules and federal/state requirements. You will evaluate credit, income, and property data, ensuring adherence to agency guidelines and KHC policies.

The role involves handling multiple files, using underwriting systems, and collaborating with lenders, brokers, and internal staff while staying current on regulatory changes. Remote work options may be available.

Qualifications

• Experience reviewing mortgage loans for CFPB compliance and applicable laws.
• Knowledge of federal housing programs and regulations.
• Ability to analyze data and assess credit and property risk.

Responsibilities

• Analyze each mortgage loan file for compliance, risk and sustainability.
• Review applicant credit history and financials for eligibility.
• Manage multiple applications concurrently.
• Use web-based systems to review loan documents.
• Communicate with AMC on appraisal issues or corrections.
• Make independent approval decisions while staying updated on guideline changes.
• Provide prompt customer service through underwriting turnaround for new/pended loans.
• Assist in Delegated Lender Program training and quality control reviews.

Skills

Word processing

Spreadsheet software

Data analysis

Communication

Problem solving

Team coordination

Organizational skills

Attention to detail

Conflict management

Written communication

Education

Associate's degree in public administration or business

Two years’ FHA DE Underwriter experience substituted for degree

Tools

FNMA Desktop Underwriter

Freddie Mac Loan Product Advisor

FHA Connection

VA WebLGY

RHS Government Underwriting System

KHC loan origination systems

Job description

Kentucky Housing Corporation

Job Analysis Questionnaire

Job Title

Single-Family Underwriter

Work Group

Single-Family Programs

FLSA Status

Exempt

Reports to

Underwriting Manager

GENERAL PURPOSE OF THE JOB

Responsible for reviewing, approving or denying all loans made utilizing KHC's homeownership funds. Ensure that every loan approved is in compliance with Consumer Financial Protection Bureau (CFPB) and all other federal and state laws including: FHA, VA, RHS, FNMA, Freddie Mac, PMI, Mortgage Credit Certificate, TILA-RESPA Integrated Disclosure (TRID), and KHC's established guidelines, including those associated with tax-exempt bond financing as well as secondary market financing. Assist in the review and development of policies, procedures and guidelines used in the origination of KHC single-family mortgage loans.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Analyze each mortgage loan file based on the various regulations. Review loans for compliance, sustainability and risk before making a commitment of funds on behalf of the corporation.
• Analyzing applicant credit history and financial information to assess eligibility.
• Manage multiple applications at a time.
• Use various web-based systems to review loan documents.
• Communicate with Appraisal Management Company (AMC) on appraisal issues or corrections.
• Make independent decisions on approval and stays informed on all current legislation, updates and guideline changes that could affect decision-making ability on a particular loan product.
• Provide prompt courteous customer service through turn- around time of underwriting new/pended loans.
• Answering inquiries and questions from lenders, brokers, and internal staff and auditors.
• Assist in the administration of the Delegated Lender Program by training new underwriters, reviewing and scoring test cases, performing quality control reviews and providing technical assistance as needed.

Knowledge, skills and abilities required of the position

KNOWLEDGE OF

• Federal housing programs, laws and regulations
• Principles and practices of Accounting/Audit

SKILL IN

• Word processing/spreadsheet applications such as Microsoft Word/Excel
• Basic rules of grammar and business writing
• Basic mathematic principles
• Collecting, analyzing and evaluating data
• Dealing with a diverse group of external and internal contacts at all levels
• Analyzing problems and reaching solutions
• Developing, implementing and coordinating of policies and procedures
• Plan and organize work activities
• Prepare reports
• Present ideas effectively
• Handle sensitive/confidential information
• Work in unsupervised environment

ABILITY TO

• Work in unsupervised environment

Additional Information

Position requires knowledge of MS Office Suite products. Position requires ability to work effectively with a wide variety of people, including external contacts as well as cross-departmental teams; ability to work in a team and as an individual to gain consensus; ability to multitask; ability to deal effectively with conflict; ability to work well under high pressure situations; ability to plan and present ideas effectively, both verbally and in writing; ability to plan, organize, and coordinate activities of staff. Position requires strong analytical skills, including problem-solving and attention to detail. Must have strong working knowledge and be able to navigate multiple internal and external systems, such as FNMA Desktop Underwriter, Freddie Mac Loan Product Advisor, FHA Connection, VA Weblgy, and RHS Government Underwriting System, KHC's internal loan origination and paperless systems. This position has the potential to work from home or a satellite office.

Education Requirements

This level of knowledge would normally be acquired through completion of an associate’s degree in public administration or a business related field of study. Two years’ related experience as Federal Housing Administration Direct Endorsement (FHA DE) Underwriter may be substituted for degree requirements.

Experience Requirements

Position requires more than three years’ experience in underwriting credit and property for FHA, VA, RHS, FNMA and Freddie Mac loans.

Required Competencies

Communication

The ability to clearly, professionally, and respectfully exchange information with others in verbal, written, and digital formats. Demonstrates active listening, tailors messages to diverse audiences, and conveys complex information in an understandable way. Using appropriate tones and judgment ensures understanding, and encourages open, two-way communication. Effectively collaborates with colleagues, leaders, and stakeholders to support productive working relationships and organizational goals.

Customer Service

Delivers high-quality, prompt, and courteous support by actively listening, communicating clearly, and responding with professionalism and empathy. Understands customer needs, resolves issues efficiently, and maintains a positive, collaborative approach to ensure consistent, customer-focused experience. Demonstrates effectiveness through key service metrics such as response time, resolution time, customer satisfaction scores, and adherence to service quality standards.

Ethics and Values

Demonstrates integrity and sound judgment by adhering to organizational policies, legal requirements, and professional standards. Acts honestly, responsibly, and transparently in all interactions. Maintains confidentiality, avoids conflicts of interest, and makes decisions that support fairness, accountability, and the best interests of the organization and its stakeholders.

Organizational and Priority Setting Skills

Effectively manages time, tasks, and resources by organizing work in a structured and efficient manner. Prioritize responsibilities based on importance, deadlines, and organizational needs. Adapts to shifting priorities while maintaining accuracy, follow-through, and consistent, timely results.

Initiative

Takes proactive action to identify needs, solve problems, and improve processes without requiring direction. Demonstrates resourcefulness, responsibility, and willingness to go beyond assigned tasks to achieve goals. Seeks opportunities to add value, follows through on commitments, and acts with urgency and accountability.