Mortgage Underwriter

Placements24; Vereeniging; Hybrid; ZAR 300,000 - 540,000; Full time

Job summary

Placements24 seeks an experienced Mortgage Underwriter to join its remote lending team. You will evaluate loan applications, analyze credit, income, and asset data, and ensure compliance with NACA, FHA, VA, and conventional guidelines.

The role requires meticulous attention to detail and the ability to manage a high volume of files remotely. The ideal candidate understands mortgage lending principles, product variations, and applicable regulations, and communicates effectively with loan officers

Qualifications

• Proven experience as a Mortgage Underwriter with strong underwriting principles.
• Knowledge of mortgage products and secondary market guidelines.
• Familiarity with LOS and underwriting platforms.
• Analytical skills with high accuracy.
• Knowledge of federal and state lending regulations.
• Ability to work independently in a remote setting.

Responsibilities

• Review and analyze loan applications, including credit reports, income verification, and asset documentation.
• Evaluate property appraisals and title reports to ensure collateral meets lender requirements.
• Assess borrower risk and decide on approval/denial/counter-offer.
• Ensure underwriting activities comply with loan guidelines, including NACA, FHA, VA, and conventional.
• Communicate with loan officers, processors, and borrowers to gather docs.
• Maintain accurate loan files with decisions and actions.

Skills

Mortgage underwriting

Analytical skills

Regulatory knowledge

LOS software

Remote work independence

Tools

LOS software

Job description

About the Role

Our client is actively seeking a skilled and experienced Mortgage Underwriter to join their fully remote lending operations team. In this crucial role, you will be responsible for evaluating loan applications to assess risk and ensure compliance with lender guidelines and regulatory standards. You will analyze borrower financial information, property appraisals, and credit reports to make informed decisions on loan approvals. The ideal candidate will possess a keen eye for detail, a strong understanding of mortgage lending principles, and the ability to manage a high volume of applications efficiently. This position offers the flexibility of remote work combined with the satisfaction of helping clients achieve homeownership.

Key Responsibilities

• Review and analyze loan applications, including credit reports, income verification, and asset documentation.
• Evaluate property appraisals and title reports to ensure collateral meets lender requirements.
• Assess overall borrower risk and make sound decisions on loan approval, denial, or counter-offer.
• Ensure all underwriting activities comply with NACA , FHA, VA, and conventional loan guidelines.
• Communicate effectively with loan officers, processors, and borrowers to gather necessary documentation and resolve issues.
• Maintain accurate and complete loan files, documenting all underwriting decisions and actions.

Requirements

• Proven experience as a Mortgage Underwriter , with a strong understanding of underwriting principles.
• In-depth knowledge of various mortgage products and secondary market guidelines.
• Familiarity with loan origination software (LOS) and underwriting platforms.
• Excellent analytical and problem-solving skills with a high level of accuracy.
• Strong understanding of relevant federal and state lending regulations.
• Ability to work independently and manage time effectively in a remote setting.

Benefits

• Competitive salary and potential for performance-based bonuses.
• Fully remote work arrangement with flexible hours.
• Comprehensive health, dental, and vision insurance plans.
• Opportunities for professional development and continuing education in mortgage lending.
• Supportive team environment focused on collaboration and success.