Summary:

The Conventional Underwriter is responsible for performing a comprehensive review and analysis of mortgage loan files to make informed lending decisions. This role primarily focuses on conventional loans, Closed End Second, and VA IRRRL loan products. The ideal candidate will be well-versed in FNMA, FHLMC, and investor guidelines and possess strong analytical, decision-making, and communication skills.

Essential Job Duties and Responsibilities:

• Review and underwrite loan files with a focus on the 4 Cs: Credit, Capacity, Collateral, and Capital.

• Evaluate loan applications to determine borrower qualification, including creditworthiness and ability to repay.

• Accurately calculate various income types including salaried, self-employed, rental, and other income.

• Analyze assets including bank statements, retirement accounts, mutual funds, and other investments. Identify red flags, large deposits, and unusual activity.

• Complete detailed credit analysis, including review of credit reports, trade lines, derogatory accounts, public records, and DTI/HTI calculations.

• Review collateral and property valuation reports to ensure compliance with investor and company guidelines.

• Provide timely and accurate underwriting decisions (approve, suspend, or deny) and clearly document rationale.

• Review initial submissions and re-submissions and clear conditions within established SLAs.

• Apply current investor guidelines using resources such as AllRegs (FNMA/FHLMC) and client overlays.

• Collaborate with processors, closers, and other departments to ensure smooth and timely loan processing.

• Maintain high-quality underwriting standards and compliance with regulatory requirements.

• Comply with all company policies and procedures.

• Maintain regular and punctual attendance.

Other Job Duties and Responsibilities:

Performs other related duties as assigned.

Supervisory Responsibilities:

• This position is an individual contributor.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Education and/or Experience:

• Bachelor’s Degree from a Four (4) year College or University.

• 5+ years of conventional mortgage underwriting experience.

• In-depth knowledge of FNMA, FHLMC, and investor guidelines.

• Strong analytical and problem-solving skills.

• Ability to exercise sound business judgment and make appropriate credit decisions.

• Experience underwriting loan types such as Conventional, Closed End Second, and VA IRRRL.

• Proficient in reviewing and interpreting income documentation (W-2s, tax returns, bank statements, etc.).

• Familiarity with AllRegs and ability to locate and interpret guidelines.

• Strong communication and presentation skills.

• Self-motivated, detail-oriented, and able to work independently or as part of a team.

• High level of integrity and a commitment to delivering quality work.

Certificates, Licenses, Registrations:

• None Required

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Work is normally performed in a typical interior office work environment which does not subject the employee to any hazardous or unpleasant elements. The noise level in the work environment is usually moderate.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to sit and talk or hear. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds.

Equal Employment Opportunity:

The company is committed to providing equal employment opportunities to all employees and applicants without regard to race, ethnicity, color, sex, marital status, sexual orientation, gender identity or expression, pregnancy, religion, national origin, age (40 and over), disability, military status, genetic information, or any other basis protected by applicable federal, state, or local laws.

Americans with Disabilities Act:

Applicants as well as employees who are or become disabled must be able to satisfactorily perform the essential job functions of the position either with or without reasonable accommodation. Applicants as well as employees are encouraged to meet with Human Resources as the organization shall review reasonable accommodations on a case-by-case basis in accordance with applicable law.

Job Responsibilities:

The statements reflect the general duties and responsibilities considered necessary to perform the essential functions of the job and should not be considered as an all-inclusive list of all the work requirements of the position. The company may change the specific job duties with or without prior notice based on the needs of the organization.