Underwriter (Non-QM)

Union Home Mortgage Corp.; United States; On-site; USD 70,000 - 90,000; Full time

Job summary

A leading mortgage firm in the United States is seeking an Underwriter responsible for the timely analysis of loan applications. Ideal candidates should have 3-5 years of underwriting experience and knowledge of FHA, VA, USDA, and agency loans. The role includes underwriting new loans, maintaining compliance, and preparing loans for risk committees. Strong analytical and decision-making skills are required, along with knowledge of Encompass LOS. This position offers a supportive work environment focused on diversity and inclusion.

Qualifications

• 3-5 years of experience as an Underwriter and complete knowledge of the mortgage business.
• Direct Endorsement (DE) required; LAPP/SAR preferred.
• Experience with FHA/VA/USDA/Agency loans.

Responsibilities

• Underwrite 3+ new loans per day while minimizing risk.
• Clear UTC conditions within 24 hours.
• Prepare loans for risk committee.

Skills

Strong analytical skills

Effective interpersonal skills

Attention to detail

Ability to multi-task

Decision-making skills

Education

Bachelor’s degree or equivalent work experience

3-5 years of experience as an Underwriter

Tools

Encompass LOS

Job description

This position is responsible for the timely and accurate analysis and evaluation of loan applications based on a borrower’s credit, employment, income, financial data and asset profile, along with the appraisal report, and investor guidelines. An underwriter makes sound decisions that mitigate risk to the company, adhere to quality standards, and maximize the borrower’s chances of obtaining and sustaining homeownership.

At UHM, we understand diversity comes in many different forms. It’s our commitment to improve inclusion in the workplace through programs and policies that establish a positive and inclusive environment where every Partner, regardless of their background, can grow and excel. We value diversity, educate on equity, and create inclusive partner opportunities to ensure that you know #UBelongAtUHM!

Duties & Responsibilities

• Responsible for underwriting 3+ new loans per day while minimizing any risk to the company by thoroughly analyzing a borrower’s income, credit, assets, ratios and collateral to ensure compliance with our investors, agencies, HUD, VA, USDA or HFA’s, as applicable.
• Maintain 24-48 hour turn times.
• Responsible for clearing UTC conditions within 24 hours.
• Responsible for preparing loans for risk committee.
• Responsible for making counter offers on loans that do not conform to products under which they were originated.
• Responsible for remaining updated on all investor, agency, FHA, VA, UHM guideline changes along with any overlays.
• Ensure the accuracy of all necessary criteria for specific loan types, products, rates, applicable documentation, and data.
• Maintain Quality Control ratings within company standards.
• Attend appropriate seminars, and live and recorded courses to keep abreast of current market trends and developments.
• Sit in on roundtables when needed.
• Provide training support to the sales force as needed.
• Responsible for listening in on departmental huddles.
• Assist loan officers with scenarios and explain any conditions that are not clear to them.
• Assist in the development of junior underwriters and processors.
  
  

Qualifications

EDUCATION & EXPERIENCE

• 3-5 years of experience as an Underwriter and complete knowledge of the mortgage business
• Experience with FHA/ VA/ USDA/ Agency loans
• Direct Endorsement (DE) required
• LAPP/ SAR preferred
• Encompass experience preferred
• Bachelor’s degree preferred or equivalent work experience
  
  

Skills Required

• Strong analytical skills, especially in credit and risk, along with decision-making skills
• Effective interpersonal skills and technical report writing skills
• Attention to detail
• Knowledge of Encompass LOS
• Shows work commitment
• Personal organization
• Adaptability and flexibility
• Ability to multi-task and meet strict deadlines
• Fosters teamwork
• Uses sound judgment
• Comfortable using financial/ quantitative data
  
  

This employer participates in E-Verify. If hired, the employer will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S.

Union Home Mortgage Corp. provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.