Remote Mortgage Underwriter

Job Summary

Seeking experienced Mortgage Underwriters to join our team and support loan processing for broker clients. This role plays a critical part in evaluating loan applications, ensuring compliance, and driving quality underwriting decisions. With multiple openings available, we are looking for strong, dedicated professionals who are eager to contribute long-term.

• Loan Underwriting:
  Review and assess files submitted by broker clients, ensuring compliance with FHA, VA, and conventional lending guidelines.
• Approval Process:
  Work closely with the loan structure and precision income teams to finalize approvals.
• Credit Reviews:
  Perform thorough credit analysis, underwriting 2-3 initial files per day and processing 6-8 final approval files daily (subject to volume).
• Workflow Coordination:
  Collaborate within Pennymac's structured, end-to-end loan process, focusing solely on underwriting scope.
• Compliance & Risk Assessment:
  Ensure loans meet investor guidelines (FHA UW, HUD UW, VA UW, VA IRRL, VA SAR, Trums
  
  ID Registration) and adhere to quality control standards.
• Decision-making:
  Review all mortgage applications and documentation for accuracy and completeness, work with clients to prepare applications or resolve issues, and work with compliance officers to ensure Federal, State, and local compliance of all mortgage and loan materials.
• Approve or deny mortgages on a timely basis.
• Perform other related duties as required and assigned.

• 3+ years of mortgage underwriting experience required.
• Solid knowledge of mortgage underwriting and basic automated underwriting systems.
• Proficiency with automated underwriting systems.
• Knowledge of mortgage laws and regulations, including the Home Mortgage Disclosure Act.
• Knowledge of state and federal agency mortgage loan guidelines and regulations helpful.
• Strong understanding of FHA, VA, and conventional loan underwriting.
• Assessment score requirement:
  Minimum 15.
• Experience with Encompass and proficiency in Excel preferred.
• Experience with FHA, HUD, VA, VA IRRL, VA SAR, Trums
  
  ID Registration preferred.

Intermediate Level

Contract to Hire position based out of Dallas, TX. Fully remote.

Pay range: $31.25 – $31.25/hr.

Benefits may include:

• Medical, dental & vision
• Critical Illness, Accident, and Hospital
• 401(k) Retirement Plan – Pre‑tax and Roth post‑tax contributions available
• Life Insurance (Voluntary Life & AD&D for the employee and dependents)
• Short and long‑term disability
• Health Spending Account (HSA)
• Transportation benefits
• Employee Assistance Program
• Time Off/Leave (PTO, Vacation or Sick Leave)

This position is anticipated to close on Jan 16, 2026.

The company is an equal‑opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.