Residential Mortgage Underwriter

Job Description

Job Description

About the Role:

This role plays a critical role in ensuring the integrity and compliance of mortgage credit processes within the organization. This position is responsible for overseeing the evaluation, approval, and monitoring of mortgage credit applications to mitigate risk and uphold regulatory standards. The officer will collaborate closely with, risk management, and compliance teams to maintain accurate documentation and adherence to internal policies and external regulations. By analyzing credit data and financial statements, the officer ensures that mortgage lending decisions are sound and support the institution's financial health. Ultimately, this role contributes to the organization's goal of providing responsible lending solutions while minimizing credit risk exposure.

Minimum Qualifications:

• Bachelor’s degree in Finance, Business Administration, Economics, or a related field.
• Minimum of 3 years of experience in mortgage credit administration, underwriting, or a related financial services role.
• Strong knowledge of mortgage lending regulations and compliance requirements in the United States.
• Proficiency in credit analysis and financial statement review.
• Excellent organizational skills with attention to detail and accuracy.

Preferred Qualifications:

• Professional certification such as Certified Mortgage Banker (CMB) or similar credentials.
• Experience with mortgage loan origination systems and credit risk management software.
• Familiarity with federal and state mortgage lending laws including RESPA, TILA, and ECOA.
• Advanced Excel and data analysis skills.
• Prior experience working in a regulatory or audit environment.

Responsibilities:

• Review and assess mortgage credit applications for completeness, accuracy, and compliance with regulatory and internal guidelines.
• Coordinate with underwriting and risk management teams to evaluate creditworthiness and identify potential risks associated with mortgage lending.
• Maintain and update mortgage credit files, ensuring all documentation is properly filed and accessible for audits and regulatory reviews.
• Monitor ongoing mortgage credit portfolios to detect early signs of credit deterioration and recommend appropriate actions.
• Prepare detailed reports on mortgage credit activities, trends, and compliance status for senior management and regulatory bodies.
• Assist in the development and implementation of credit policies and procedures to enhance operational efficiency and risk mitigation.
• Provide training and guidance to junior staff on mortgage credit administration best practices and regulatory requirements.

Skills:

This role utilizes analytical skills daily to evaluate credit applications and financial documents, ensuring that lending decisions are well-informed and compliant. Strong communication skills are essential for collaborating with internal teams and conveying complex credit information clearly to stakeholders. Organizational skills are critical for maintaining comprehensive and accurate credit files that support audit readiness and regulatory compliance. Proficiency with mortgage software and data analysis tools enables the officer to efficiently monitor credit portfolios and generate insightful reports. Additionally, knowledge of regulatory frameworks guides the officer in implementing policies that safeguard the institution against credit risk while promoting responsible lending.

This position is Florida based and hybrid/remote work eligible.