Mortgage Underwriter

No time off during training period.

• Title: Real Estate Lending – Specialist / Mortgage Underwriter
• Start Date: 8/17 & 9/13
• Shift (Time): 8:00am – 4:30pm (In your respective time zone)
• Overtime: Overtime will be available when there is a business need
• The expectation is that this is an open-ended contract and not necessarily a contract-perm situation.
• Please note that hybrid requirement does not apply to candidates that are not within a 60-mile commutable distance to a training facility (Facilities are located in: Vienna, VA | Winchester, VA | Pensacola, FL and Coppell, TX)

Applicants must have UW experience. Experience in Equity Underwriting would be beneficial as well, but this can be trained if they have UW experience.

The client seeking a detail-oriented and analytical Equity Underwriter to evaluate and underwrite home equity loan and line of credit applications while ensuring compliance with established lending policies, regulatory requirements, and risk management standards. The Equity Underwriter is responsible for making sound credit decisions, assessing borrower risk, reviewing financial documentation, and delivering exceptional service to members throughout the lending process. The ideal candidate possesses strong underwriting expertise, critical thinking skills, and a commitment to supporting the company's mission of serving members through responsible lending practices.

• Review, analyze, and underwrite home equity loan (HEL) and home equity line of credit (HELOC) applications in accordance with company's lending guidelines and regulatory requirements.
• Evaluate borrower creditworthiness through analysis of credit reports, income documentation, employment verification, assets, liabilities, and property information.
• Assess loan-to-value (LTV), combined loan-to-value (CLTV), debt-to-income (DTI), and other key risk metrics.
• Make independent lending decisions within delegated authority and recommend exceptions when appropriate.
• Ensure compliance with federal and state lending regulations, including Fair Lending, RESPA, TILA, ECOA, and HMDA requirements.
• Review appraisals, title reports, and supporting collateral documentation to determine property eligibility.
• Communicate underwriting decisions, conditions, and requirements clearly to loan processors, loan officers, and other stakeholders.
• Identify and mitigate potential credit, operational, and fraud risks.
• Maintain quality, productivity, and service-level standards while managing a high-volume pipeline.
• Participate in audits, quality assurance reviews, and compliance examinations as required.
• Collaborate with cross-functional teams to improve processes and enhance member experience.
• Stay informed of industry trends, regulatory changes, and best practices in mortgage and home equity lending.

• Bachelor's degree in Finance, Business Administration, Economics, or a related field, or equivalent combination of education and experience.
• 1+ years of residential mortgage underwriting or home equity underwriting experience.
• Strong knowledge of consumer lending principles and credit risk assessment.
• Experience analyzing tax returns, W-2s, pay stubs, bank statements, and self-employed borrower documentation.
• Working knowledge of AUS systems and mortgage underwriting guidelines.
• Understanding of Fannie Mae, Freddie Mac, FHA, VA, and portfolio lending concepts.
• Knowledge of federal and state lending regulations.
• Strong analytical, problem-solving, and decision-making skills.
• Excellent verbal and written communication skills.
• Ability to manage multiple priorities in a fast-paced environment.
• Proficiency with loan origination systems and Microsoft Office applications.

• 1+ years of home equity or mortgage underwriting experience.
• Experience underwriting HELOC and HEL products within a financial institution or credit union environment.
• DE, SAR, VA LAPP, or other relevant underwriting certifications.
• Familiarity with automated valuation models (AVMs) and collateral risk assessment.
• Experience working in a highly regulated financial services environment.

• Credit Analysis
• Risk…