Mortgage Underwriter

Placements24; Mtubatuba Local Municipality; Hybrid; ZAR 300,000 - 600,000; Full time

Benefits offered by this job

Competitive salary

Incentives

Medical insurance

Retirement plan

Paid time off

Growth opportunities

Hybrid work

Job summary

Placements24 is seeking a meticulous Mortgage Underwriter to join their Richards Bay team. The role evaluates loan applications, analyzes credit reports, income docs, and appraisals, and makes decisions on approvals, denials, or requests for more information.

The position embraces a hybrid work model to balance independent analysis with team collaboration. The ideal candidate has at least 3 years of underwriting experience, a solid understanding of mortgage lending principles and regulatory

Qualifications

• Minimum 3 years of mortgage underwriting experience.
• Understanding of mortgage lending principles and regulatory requirements.
• Bachelor's degree preferred.
• Strong analytical and communication skills.
• Experience with underwriting software.

Responsibilities

• Review mortgage loan applications and related documents.
• Assess borrower risk and loan eligibility.
• Approve, deny, or counter-offer with documented rationale.
• Ensure compliance with FHA, VA, and conventional standards.
• Collaborate with loan officers and processors.
• Stay updated on regulatory changes and underwriting best practices.

Skills

Analytical thinking

Problem solving

Attention to detail

Communication skills

Regulatory knowledge

Education

Bachelor's degree in Finance/Business

Tools

Underwriting software

Regulatory compliance tools

Job description

About the Role

Our client is looking for a meticulous and experienced Mortgage Underwriter to join their dynamic team in Richards Bay . This role is crucial in evaluating mortgage loan applications to assess risk and ensure compliance with company policies and regulatory guidelines. You will play a key part in the lending process, making sound decisions on loan approvals, denials, or requests for additional information. The hybrid work model provides a balanced approach, allowing for focused analytical work and team collaboration, ensuring efficient processing of mortgage applications while maintaining high standards of credit quality.

Key Responsibilities

• Review and analyze mortgage loan applications, including credit reports, income documentation, and property appraisals.
• Assess borrower risk and determine loan eligibility based on established underwriting guidelines and policies.
• Approve, deny, or counter-offer loan applications, clearly documenting the rationale for each decision.
• Ensure compliance with all federal, state, and local regulations, including FHA, VA, and conventional lending standards.
• Communicate effectively with loan officers, processors, and other stakeholders to gather necessary information and resolve issues.
• Maintain up-to-date knowledge of industry trends, regulatory changes, and underwriting best practices.

Requirements

• High school diploma or equivalent required; Bachelor's degree in Finance, Business, or a related field preferred.
• Minimum of 3 years of experience as a mortgage underwriter, with demonstrable knowledge of underwriting software and processes.
• Thorough understanding of mortgage lending principles, credit policies, and regulatory requirements.
• Strong analytical and problem-solving skills, with keen attention to detail.
• Excellent written and verbal communication skills.
• Ability to manage a pipeline of loans efficiently in a hybrid work setting.

Benefits

• Competitive salary and performance-based incentives.
• Comprehensive medical, dental, and vision insurance packages.
• Retirement savings plan options.
• Paid time off and holidays.
• Opportunities for professional growth and development in the mortgage industry.
• A supportive team environment with a hybrid work arrangement.