Mortgage Underwriter

About the Company

Join a forward-thinking financial institution dedicated to revolutionizing personal finance through innovative, mobile-first technology solutions. The company is committed to shaping a brighter financial future and making a meaningful impact on its members' lives by prioritizing core values in every action.

Role Overview

We are seeking a seasoned Mortgage Underwriter to join our expanding Mortgage Operations team based in Frisco, TX, with a hybrid work arrangement requiring two days per week onsite. The role involves assessing both Conventional and FHA mortgage loan applications with a focus on speed, accuracy, and compliance in a high-volume environment.

Key Responsibilities

• Examine mortgage applications adhering to investor and government-sponsored enterprise (GSE) regulations.
• Perform thorough analyses of borrower creditworthiness, income sources—including complex and self-employed income—and collateral documentation.
• Conduct liquidity assessments for business entities using Schedule L, accounting for inventory-heavy operations.
• Make timely underwriting decisions compliant with company and investor standards.
• Manage a substantial workload balancing quality control and production service level agreements, targeting five or more new credit decisions daily.
• Collaborate with processors and loan officers to resolve conditions and facilitate a smooth loan process.
• Recognize and escalate any potential fraud risks or deviations from guidelines.
• Utilize comprehensive knowledge of Desktop Underwriter (DU), Loan Prospector (LP), and investor overlay guidelines effectively.
• Engage in ongoing process enhancements through team collaboration and constructive feedback.

Candidate Requirements

• At least two years of recent experience underwriting Conventional and FHA mortgage loans.
• Strong analytical skills and capacity for independent risk evaluation.
• Proficiency in using DU, LP, and FHA Connection systems.
• Expertise in analyzing self-employed income and conducting Schedule L liquidity tests.
• Deep understanding of credit policies, financial statement interpretation, and property valuations.
• Excellent communication skills to clearly articulate complex underwriting scenarios.
• Experience balancing high-quality control standards with meeting production goals.
• Familiarity with Texas-specific lending regulations is preferred.
• Must be available for a hybrid schedule with two days on-site in Frisco, TX.

Preferred Qualifications

• Active SAR (Secondary Approval Rights) or VA credit authority.
• Current FDA DE (Direct Endorsement) certification.
• Experience underwriting Jumbo or USDA loans.
• Possession of a college degree.
• Background in detecting fraud or mitigating risk.

Additional Information

The base salary for this position varies based on the candidate's experience, skills, and geographic location. Comprehensive and competitive benefits are offered as part of the employment package.

The company is an equal opportunity employer, committed to diversity and inclusion, considering all qualified applicants regardless of protected characteristics. Accommodations for candidates with disabilities are available upon request. Due to insurance limitations, remote work is currently unavailable for applicants residing in Hawaii or Alaska.