Mortgage Lending Underwriter
Mortgage Lending Underwriter
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Job Description
Mortgage Lending Underwriter
Bellevue WA
Our client a leading private real estate lender with a strong team and over $350 million in capital is seeking a Mortgage Lending Underwriter to join their growing organization. The company specializes in financing for builders and developers with additional divisions focused on mortgage brokerage and real estate development.
As a Mortgage Lending Underwriter you will be responsible for reviewing complex mortgage applications submitted by both internal and external channels. This role requires a high level of analytical expertise attention to detail and a solid understanding of credit risk and lending guidelines to make sound underwriting decisions.
Mortgage Lending Underwriter Responsibilities:
- Review and analyze mortgage applications financial documents and credit reports.
- Assess borrower risk and make informed underwriting decisions.
- Ensure compliance with internal policies investor guidelines and federal regulations.
- Communicate decisions clearly to loan officers processors and other stakeholders.
- Review appraisals and property documentation for accuracy and adherence to lending standards.
- Recommend approval denial or restructuring based on risk analysis.
- Stay informed on industry updates underwriting trends and regulatory changes.
- Identify appropriate take out loan programs for applicable files.
- Collaborate with internal teams to support efficient loan processing.
Mortgage Lending Underwriter Qualifications:
- At least 8 years of experience in mortgage underwriting (including conventional nonQM and construction loans)
- Bachelors degree or equivalent experience in finance or related field
- Strong knowledge of underwriting principles risk assessment and industry regulations
- Proficient in Encompass DU and LP systems
- Excellent analytical communication and problemsolving skills
- Detailoriented with the ability to meet deadlines under pressure
Company Benefits:
- Medical Dental and Vision Insurance
- Annual bonus
- Employee stock options
- 401k with a 3 match
Compensation: $8590K 5 bonus
Employment Type
Full Time
