Mortgage Underwriter

Placements24; Rustenburg; Hybrid; ZAR 350,000 - 550,000; Full time

Benefits offered by this job

Health benefits

Hybrid work model

Retirement savings plan

Job summary

Placements24 seeks an experienced Mortgage Underwriter for our Rustenburg, North West-based operations. This hybrid role combines office-based evaluation of loan applications with remote work flexibility to support timely home loans while managing lender risk.

The ideal candidate has 3–5 years in mortgage underwriting, deep knowledge of Conventional, FHA and VA products, and strong analytical skills to assess income, assets and liabilities in line with RESPA/TILA guidelines.

Qualifications

• Bachelor's degree preferred in a related field.
• 3–5 years of proven mortgage underwriting experience.
• Strong knowledge of Conventional, FHA and VA products.
• In-depth knowledge of underwriting guidelines and compliance (RESPA, TILA).
• Proficiency with LOS and underwriting platforms.

Responsibilities

• Review and analyze mortgage loan applications including income, assets and liabilities.
• Determine applicant eligibility based on guidelines and regulatory requirements.
• Assess property valuations and legal documentation for accuracy.
• Identify and mitigate risks in loan applications.
• Communicate decisions clearly to loan officers and brokers.
• Maintain up-to-date knowledge of mortgage laws and best practices.
• Ensure underwriting decisions are well-documented and compliant.
• Collaborate with processors, originators and team members to close loans.
• Manage a pipeline of loan applications efficiently.
• Participate in ongoing product and market training.

Skills

Mortgage underwriting

Credit analysis

Regulatory compliance

Analytical skills

Communication skills

Education

Bachelor's degree in related field

Tools

LOS software

Underwriting platforms

Job description

About the Role

Our client, a dynamic mortgage lending company, is actively seeking an experienced Mortgage Underwriter to join their operations in Rustenburg, North West. This role is crucial in evaluating loan applications to assess creditworthiness and ensure compliance with company and regulatory guidelines. The ideal candidate will possess a keen eye for detail, a solid understanding of mortgage lending products, and the ability to make sound financial judgments. This position involves a hybrid work arrangement, combining office-based responsibilities with the flexibility of remote work. You will play a vital role in facilitating homeownership for clients while managing the lender's risk.

Key Responsibilities

• Review and analyze mortgage loan applications, including income, assets, liabilities, and credit history.
• Determine the eligibility of applicants based on lender guidelines, industry standards, and regulatory requirements.
• Assess property valuations and legal documentation to ensure accuracy and completeness.
• Identify and mitigate potential risks associated with loan applications.
• Communicate decisions and provide clear, concise explanations to loan officers and brokers.
• Maintain up-to-date knowledge of mortgage lending laws, regulations, and best practices.
• Ensure all underwriting decisions are well-documented and adhere to compliance standards.
• Work collaboratively with loan processors, originators, and other team members to facilitate timely loan closings.
• Manage a pipeline of loan applications efficiently and effectively.
• Participate in ongoing training to stay abreast of product changes and market trends.

Requirements

• High school diploma or equivalent required; a Bachelor's degree in a related field is preferred.
• Minimum of 3-5 years of proven experience as a Mortgage Underwriter.
• Thorough understanding of various mortgage products (e.g., Conventional, FHA, VA).
• In-depth knowledge of underwriting guidelines, loan processing, and compliance regulations (e.g., RESPA, TILA).
• Proficiency in loan origination software (LOS) and underwriting platforms.
• Strong analytical and decision-making skills, with the ability to interpret financial data.
• Excellent attention to detail and organizational abilities.
• Effective communication and interpersonal skills.
• Ability to manage time effectively and meet deadlines in a fast-paced environment.
• Commitment to maintaining confidentiality and upholding ethical standards.

Benefits

• We offer a competitive salary, comprehensive health benefits, including medical and dental coverage, and a retirement savings plan.
• Opportunities for professional development and continuing education are provided to support your career growth.
• The hybrid work model allows for a flexible work-life balance, and you will be part of a supportive and professional team in our Rustenburg offices.