Mortgage Underwriter

Placements24; Mossel Bay; On-site; ZAR 420,000 - 650,000; Full time

Benefits offered by this job

Competitive salary

Medical aid

Retirement fund

Paid time off

Training opportunities

Coastal location

Job summary

Placements24 is seeking a meticulous Mortgage Underwriter for our Mossel Bay office to evaluate loan applications, assess risk, and ensure compliance with lending guidelines. You will work onsite and collaborate with the team to safeguard assets while facilitating homeownership.

Responsibilities include reviewing credit reports, appraisals, and income documentation, determining approval or conditions, and maintaining precise loan records.

Qualifications

• Proven experience as a Mortgage Underwriter or similar lending role.
• Strong understanding of mortgage lending, credit evaluation and risk assessment.
• Knowledge of SA legislation and compliance standards in the mortgage market.
• Excellent analytical skills with keen attention to detail.
• Proficiency in loan origination software and standard office tools.
• Strong communication and decision-making abilities.

Responsibilities

• Review and analyze loan applications, credit reports, income documentation, and property appraisals.
• Assess the risk of each loan application and determine approval, denial, or conditions for approval.
• Ensure underwriting decisions comply with company policies, investor guidelines, and regulations (e.g., NCA, FNB).
• Communicate with loan officers, brokers, and applicants to gather required documentation and clarify requirements.
• Maintain accurate and up-to-date records of underwriting decisions and loan file documentation.
• Stay informed about changes in mortgage lending regulations and industry best practices.

Skills

Mortgage underwriting

Credit evaluation

Regulatory compliance

Analytical skills

Communication skills

Tools

Loan origination software

Job description

About the Role

Our client is seeking a meticulous and experienced Mortgage Underwriter to join their team in Mossel Bay . In this role, you will be responsible for evaluating mortgage loan applications to determine risk and eligibility, ensuring compliance with all relevant lending guidelines and regulations. Your expertise will be vital in safeguarding the company's assets while facilitating homeownership for clients. This is an on-site position, requiring your presence in our Mossel Bay office to effectively manage caseloads and collaborate with the team.

Key Responsibilities

• Review and analyze loan applications, including credit reports, income documentation, and property appraisals.
• Assess the risk associated with each loan application, determining approval, denial, or conditions for approval.
• Ensure all underwriting decisions comply with company policies, investor guidelines, and regulatory requirements (e.g., NCA, FNB regulations).
• Communicate effectively with loan officers, brokers, and applicants to gather necessary documentation and clarify requirements.
• Maintain accurate and up-to-date records of underwriting decisions and loan file documentation.
• Stay informed about changes in mortgage lending regulations and industry best practices.

Requirements

• Proven experience as a Mortgage Underwriter or in a similar lending role.
• Strong understanding of mortgage lending principles, credit evaluation, and risk assessment.
• Knowledge of relevant legislation and compliance standards in the South African mortgage market.
• Excellent analytical skills with a keen eye for detail.
• Proficiency in loan origination software and standard office applications.
• Strong communication and decision-making abilities.

Benefits

• Competitive annual salary commensurate with experience.
• Opportunity to work within a stable and growing financial institution.
• Comprehensive medical aid and retirement fund benefits.
• Paid time off and other statutory benefits.
• Professional training and development opportunities within the mortgage sector.
• A supportive team environment in a beautiful coastal location.