Mortgage Underwriter

Mortgage Underwriter I underwrites mortgage loan applications and evaluates loans in order to maximize organizational profit and minimize risk or loss. Monitors property appraisal process. Being a Mortgage Underwriter I assesses risks to determine approval status. May require a bachelor’s degree. Additionally, Mortgage Underwriter I typically reports to a supervisor or manager. The Mortgage Underwriter I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Mortgage Underwriter I typically requires 0-2 years of related experience.

Mortgage Underwriter Job Description Template

Our company is looking for a Mortgage Underwriter to join our team.


  • Analysis of income, asset, credit, title and collateral information;
  • Conduct risk assessments on potential clients based on previous borrowing history, credit rating, income and other factors;
  • Clearly convey underwriting needs to client in order to effectively and properly complete underwriting analysis;
  • Duties as assigned- full and complete job description will be provided;
  • Maintain knowledge of all investor guidelines and confirm loans are in compliance;
  • Review appraisals to ensure that the required level of appraisal fieldwork has been completed;
  • Review flood certification;
  • Review title prior to drafting documents to ensure all conditions have been cleared;
  • Calculate qualifying ratios, determine creditworthiness; provide risk opinions;
  • Underwrite and decision agency conforming and jumbo residential mortgage loans;
  • Work to create a positive, supportive, and fun work environment;
  • Work as a team with other underwriters, processors and mortgage bankers to help meet closing deadlines and provide an outstanding customer experience;
  • Participate in departmental projects as required;
  • Monitor Underwriting helpdesk mailbox;
  • Clears conditions on file for final approval.


  • Excellent computer skills and knowledge of MS Office products;
  • Highly motivated and determined to succeed in a competitive, time-sensitive industry;
  • Strong customer service and time management skills a must;
  • Minimum of three (3) to five (5) years’ experience of mortgage underwriting;
  • Manual mortgage underwriting experience;
  • Ability to work independently in a fast-paced, high-volume environment;
  • 5+ years experience underwriting conventional agency, government and jumbo products;
  • FHA DE, VA Automatic or VA SAR designation is preferred but not required;
  • Not afraid of rolling up your sleeves and helping execute outside of your day-to-day responsibilities;
  • Experience with FNMA and FHLMC programs/systems;
  • Non-conforming loan experience required;
  • Exceptional organizational and time management skills;
  • 1 to 3 years of new honebuilding experience required;
  • Proficiency in evaluating complex income streams, including personal and business tax returns;
  • Recent first mortgage experience required.