Underwriter

Total Mortgage Services; United States; Remote; USD 70,000 - 90,000; Full time

Job summary

Total Mortgage Services in the United States is hiring a skilled Underwriter to ensure compliance with agency and investor standards in the underwriting of residential loans. The ideal candidate has 5-7 years of underwriting experience, a DE certification for FHA loans, and strong attention to detail. Responsibilities include assessing risk, calculating incomes, and meeting production goals. This position requires excellent communication skills and the ability to adapt quickly in a fast-paced environment.

Qualifications

• 5-7 years previous mortgage underwriting experience required.
• DE certification required to underwrite FHA loans.
• Current knowledge of agency and investor requirements.

Responsibilities

• Underwrite residential loans ensuring compliance with standards.
• Assess risk by reviewing loan application and credit history.
• Calculate income for self-employed borrowers and other scenarios.
• Review appraisals and condo projects warranting.
• Meet production expectations of underwriting 2-3 loans per day.

Skills

Detail orientation

Organizational skills

Time management

Assertive decision making

Verbal communication

Written communication

Multi-tasking

Education

Bachelor’s degree or work experience equivalent

Tools

Desktop Underwriter

Loan Prospector

FHA Total Mortgage Scorecard

Encompass loan software

Microsoft Office

Job description

• Create and Maintain High Morale, Job Fulfillment and Enjoyment
• Be Creative and Open-Minded
• Pursue Growth and Learning in Self and Team
• Build Open and Honest Relationships with Communication

General Purpose and Scope

Underwrite residential loans ensuring compliance with agency and investor standards. Examine loan application and documentation for accuracy, completeness, and overall credit risk. Work with loan originator and production staff to secure all required documents. May respond to individual and investor audits.

Responsibilities / Functions

• Underwriting loans to the standards of all agencies and investors with an emphasis on quality.
• Assess risk and evaluate a borrower’s willingness and ability to repay by reviewing the loan application, credit history/liabilities, assets, income, and collateral.
• Calculate basic and complicated income scenarios including evaluating tax returns and calculating income for self‑employed borrowers.
• Must have experience reviewing appraisals and warranting condo projects.
• Must be able to meet production and turn time goals. Production expectation is underwriting 2-3 new loans per day and keeping up with conditions.
• Working knowledge of guidelines for FNMA, FHLMC and FHA required.
• Must have DE certification. VA SAR/LAPP certifications, renovation, jumbo and or USDA experience is a plus.
• Must have a minimum of 5‑7 years of underwriting experience.

Personal Traits / Competencies

• Strong detail orientation. Organizational and time management skills.
• Ability to make assertive, logical, and compliant decisions.
• Excellent verbal and written communication skills.
• Ability to multi‑task and adapt quickly in an ever changing market.
• Ability to work effectively in a positive and professional manner under time constraints.

Technical / Computer Skills

• Thorough knowledge of Desktop Underwriter, Loan Prospector and FHA Total Mortgage Scorecard.
• Knowledge of most common computer software products.
• Experience with Encompass loan software is helpful.
• Proficiency in Microsoft Office.
• Ability to pick‑up new LOS systems and understand new software quickly.

Education and Experience

• Bachelor’s degree (BA/BS) or work experience equivalent.
• 5-7 years previous mortgage underwriting experience.
• DE to underwrite FHA loans required. VA credit certification/LAPP approval appraisal review for VA loans a plus.
• Current knowledge of agency and investor requirements.

Certifications, Licenses

N/A

Hours for position

Monday – Friday 9:00 AM to 5:00 PM. May require over‑time; must be available to work additional hours on short notice as determined by management to meet service level agreements.