Mortgage Underwriter

Placements24; Klerksdorp; On-site; ZAR 420,000 - 620,000; Full time

Benefits offered by this job

Competitive salary

Health, dental, and vision insurance

Training & development

Retirement plan with employer matching

Stable work environment

Job summary

Placements24 is seeking an experienced Mortgage Underwriter to join our team in Klerksdorp, South Africa. The role involves assessing mortgage loan applications, verifying income, and ensuring compliance with lender guidelines and regulations.

You will collaborate with loan officers, brokers and appraisers to gather documentation and render informed approval decisions. Applicants should have proven underwriting experience, strong analytical and communication skills, and a detail-oriented mindset

Qualifications

• Proven experience as a Mortgage Underwriter or in a similar role.
• Thorough understanding of mortgage lending principles, underwriting guidelines, and relevant regulations (e.g., RESPA, TILA).
• Proficiency in using mortgage origination software and underwriting platforms.
• Strong analytical skills with meticulous attention to detail.
• Excellent decision-making abilities and problem-solving skills.
• Effective communication and interpersonal skills for working with internal and external stakeholders.

Responsibilities

• Review and analyze loan applications, including credit reports, income verification, and property appraisals.
• Determine the eligibility of applicants based on lender policies, underwriting guidelines, and regulatory standards.
• Identify and assess potential risks associated with each loan, making sound judgments on approval or denial.
• Communicate effectively with loan officers, brokers, and appraisers to gather necessary documentation and clarify information.
• Ensure all underwriting decisions and processes are accurately documented and comply with relevant laws and regulations.
• Stay updated on changes in mortgage lending regulations, industry best practices, and company policies.

Skills

Attention to detail

Strong analytical skills

Regulatory knowledge

Credit analysis

Communication skills

Tools

Mortgage origination software

Underwriting platforms

Job description

About the Role

Our client is seeking an experienced and detail-oriented Mortgage Underwriter to join their established team in Klerksdorp. This position is vital for assessing the risk associated with mortgage loan applications, ensuring compliance with lender guidelines and regulatory requirements. You will play a key role in the mortgage lending process, making informed decisions that balance risk mitigation with business objectives. This is an excellent opportunity to contribute to a stable financial environment and grow within a reputable organization.

Key Responsibilities

• Review and analyze loan applications, including credit reports, income verification, and property appraisals.
• Determine the eligibility of applicants based on lender policies, underwriting guidelines, and regulatory standards.
• Identify and assess potential risks associated with each loan, making sound judgments on approval or denial.
• Communicate effectively with loan officers, brokers, and appraisers to gather necessary documentation and clarify information.
• Ensure all underwriting decisions and processes are accurately documented and comply with relevant laws and regulations.
• Stay updated on changes in mortgage lending regulations, industry best practices, and company policies.

Requirements

• Proven experience as a Mortgage Underwriter or in a similar role within the mortgage industry.
• Thorough understanding of mortgage lending principles, underwriting guidelines, and relevant regulations (e.g., RESPA, TILA).
• Proficiency in using mortgage origination software and underwriting platforms.
• Strong analytical skills with meticulous attention to detail.
• Excellent decision-making abilities and problem-solving skills.
• Effective communication and interpersonal skills for working with internal and external stakeholders.

Benefits

• Competitive annual salary and potential for performance-based incentives.
• Comprehensive health, dental, and vision insurance benefits.
• Opportunities for ongoing training and professional development.
• Retirement savings plan with employer matching contributions.
• A stable and supportive work environment within a well-regarded financial institution.