Sr. Underwriter (Mortgage) – Cleveland, OH

Brooklyn, NY - USA

Hourly Salary: $ 32 - 49

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

Location:

4910 Tiedeman Road - Brooklyn Ohio 44144

Job Summary
The Mortgage Senior Underwriter is responsible for reviewing analyzing and approving residential loan applications. This role involves verifying income assets credit and collateral documents including self-employed personal and business tax returns. The Mortgage Senior Underwriter may handle various types of mortgage lending (agency conventional portfolio conventional FHA/VA MI etc.) and support other underwriters on complex loan submissions. Lending authority includes conventional government and jumbo loan programs up to a targeted dollar amount. Excellent phone and communication skills and a commitment to superior customer service are essential.

Essential Functions

Evaluate the creditworthiness of borrowers and render credit decisions.
Ensure loans meet corporate credit policy and comply with ATR and Qualified Mortgage provisions.
Ensure compliance with company and Agency/Investor/FHA/VA guidelines.
Review transmittal & 1003 for accuracy and completeness.
Compare credit reports to liabilities on 1003 and verify investor guidelines for derogatory items.
Calculate income/self-employed cash flow using required documentation and methodology.
Analyze business financial strength and review assets for adequate funds and reserves.
Review appraisals for accuracy and collateral acceptability.
Ensure state and federal regulatory guidelines are met.
Verify rate lock matches underwriting file with correct program details.
Communicate effectively with mortgage loan officers processors and other stakeholders.
Assist in training of employees on credit considerations for home lending products
Performs other duties as assigned; duties responsibilities and/or activities may change or new ones may be assigned at any time with or without notice
Complies with all KeyBank policies and procedures including without limitation acting professionally at all times conducting business ethically avoiding conflicts of interest and acting in the best interests of Keys clients and Key.

Education

Bachelors Degree or equivalent experience (preferred)

Work Experience

5 years recent Mortgage Underwriting Experience (FHA VA and Conventional) with strong agency guideline knowledge. (preferred)
Experience with USDA (preferred)

Licenses and Certifications

DE SAR and LAPP certifications (preferred)

Skills

Evaluating and approving mortgage loan applications based on borrowers creditworthiness financial stability and compliance with lending guidelines. Strong working knowledge of Ability to Repay (ATR) and Qualified Mortgage (QM) requirements.
Having in-depth knowledge of various mortgage products including conventional FHA VA and jumbo loans and understanding their specific requirements and guidelines.
Proven knowledge of Mortgage Insurance guidelines and rates.
Strong analytical skills with a focus on accuracy consistency and completeness.
Ability to work in a fast-paced fluid environment and meet minimum production standards.
High integrity and outstanding work ethic.
Strong computer skills; proficient in Microsoft Word Excel and Outlook.
Proficient written and verbal communication skills.
Proven knowledge of compliance and disclosure requirements related to the Home Lending industry.
Proven knowledge of closing post-closing and quality control responsibilities.
Carefully reviewing loan applications financial statements and supporting documents to ensure accuracy and compliance with regulations
Making informed and timely decisions regarding loan approvals or denials based on thorough analysis and risk assessment

Core Competencies

All KeyBank employees are expected to demonstrate Keys Values and sustain proficiency in identified Leadership Competencies.

Physical Demands

General Office - Prolonged sitting ability to communicate face to face in person or on the phone with teammates and clients frequent use of PC/laptop occasional lifting/pushing/pulling of backpacks computer bags up to 10 lbs.

COMPENSATION AND BENEFITS

This position is eligible to earn a base hourly rate in the range of $32.69 - $49.52 per hour. Placement within the pay range may differ based upon various factors including but not limited to skills experience and geographic location. Compensation for this role also includes incentive compensation subject to individual and company performance.

Please click here for a list of benefits for which this position is eligible.

Job Posting Expiration Date: 10/22/2025 KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation gender identity national origin disability or veteran status.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing

Required Experience:

Senior IC

Location:4910 Tiedeman Road - Brooklyn Ohio 44144Job SummaryThe Mortgage Senior Underwriter is responsible for reviewing analyzing and approving residential loan applications. This role involves verifying income assets credit and collateral documents including self-employed personal and business tax...