Bank Mortgage Loan Underwriter

In-House Position

Remote applicants will not be considered

First State Bank is a growing community bank seeking an experienced Mortgage Loan Underwriter to join our in-house Mortgage Operations team in Middlebury, Indiana. This role supports responsible lending, secondary market underwriting and an excellent customer experience.

• Review residential mortgage loan files to evaluate creditworthiness, repayment ability, and overall loan quality.
• Analyze income, assets, liabilities, credit reports, and supporting documentation.
• Ensure loans comply with applicable regulatory requirements and investor or secondary market guidelines.
• Review appraisals and third-party documentation for completeness and acceptability.
• Partner with Mortgage Loan Officers and internal teams to support timely and accurate loan decisions.
• Contribute to a positive borrower experience through clear communication and efficient processing.

• High school diploma or equivalent required (college degree not required).
• Minimum of two (2) years of mortgage lending experience.
• Experience with mortgage underwriting, processing, or secondary market lending.
• Working knowledge of investor guidelines and underwriting standards.
• Strong attention to detail and organizational skills.
• Clear written and verbal communication skills.
• Ability to work on-site.

• Direct underwriting experience with conventional or secondary market loans.
• Familiarity with Freddie Mac, FHLB, or similar investor requirements.
• Experience reviewing tax returns and calculating qualifying income.
• Prior work in a community bank or relationship-driven financial institution.
• Comfort working in a collaborative, team-oriented environment.

• In-house Mortgage Operations team — no remote work.
• Community-focused bank with a growing mortgage operation.
• Collaborative culture where accuracy, judgment, and customer experience matter.