Mortgage Underwriter II

The Mortgage Loan Underwriter II is responsible for underwriting residential mortgage loans in accordance with Fannie Mae, Freddie Mac, FHA, WSFS Bank policy, and WSFS Mortgage investor guidelines. This role includes underwriting loans within WSFS Bank’s portfolio product offerings. In addition, this role involves reviewing, analyzing, and making credit decisions on mortgage loan applications while ensuring compliance with all applicable bank policies, as well as federal and state regulations, within assigned approval authority.

The Mortgage Loan Underwriter II is expected to meet established service level agreements and monthly production goals.

• Calculate income from salaried and self‑employed borrowers, qualifying ratios and other relevant loan calculations.
• Evaluate loan applications for Conventional (Fannie Mae/Freddie Mac) products.
• Make final loan decisions or recommend approval/denial based on analysis of risk and compliance with program guidelines.
• Calculate and recalculate income, DTI, LTV, and other qualifying ratios as necessary.
• Ensure underwriting decisions adhere to agency, investor, and regulatory guidelines, including TRID, RESPA, TILA, and QM/ATR rules.
• Respond to post‑closing and quality control audits, resolving any deficiencies or conditions.
• Assist Loan Originators and Loan Processors with underwriting related questions, income calculations and guidelines.
• Assist with the training and mentoring of junior underwriters.
• Assign tasks and responsibilities to other team members as required by management.
• Proactively consult with the Processing and Closing departments to ensure that all underwriting conditions are met prior to closing the loan.
• Collaborate with processing and origination teams to improve loan quality and increase efficiency.
• Maintain thorough documentation and clear underwriting notes within the loan origination system (LOS).
• Support pipeline management by prioritizing loans based on closing timelines.

• Bachelor’s degree in finance, business, or a related field preferred.
• Must have 4–8+ years of underwriting experience with credit authority.
• Thorough knowledge of DU/LP, AUS systems, and manual underwriting procedures.
• Proficient in Loan Origination Systems (e.g., Encompass) and Microsoft Office Suite.
• Working knowledge of other loan products such as Jumbo (QM and non‑QM) and Government (FHA, VA, USDA) products.
• FHA Direct Endorsement Preferred.
• Must be able to underwrite at least 1.5+ loans per day.
• Proven track record of managing an underwriting pipeline of 30–35 loans.
• Deep understanding of mortgage lending regulations and risk assessment.
• Excellent decision‑making and problem‑solving ability.
• Strong verbal and written communication.
• Ability to prioritize and manage deadlines under pressure.
• Strong analytical skills including the ability to read and assess individual and company financial statements, cash flow, credit reports, and other financial documentation.

$53,744.00 – $88,290.50. Individual base pay may vary based on additional factors such as the candidate’s experience, job‑related skills, relevant education, geographic location, and other specific business and organizational needs. In addition to base salary, WSFS Financial Corporation (WSFS) and its subsidiaries may offer eligible Associates discretionary and formula‑based incentive and retention awards.

• Medical, dental, and vision coverage
• A 401(k) plan
• Life, accident, and disability insurance
• Flexible spending accounts (FSAs) and health savings accounts (HSAs)
• Wellness programs
• Paid parental leave
• Military leave
• Vacation and other paid time off
• Sick leave in accordance with applicable state laws
• Paid holidays

WSFS is an equal‑opportunity employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. Third‑party recruiters and agencies should not contact Associates of WSFS Financial Corporation, WSFS Bank, or its subsidiaries directly.

WSFS does not accept unsolicited candidate submissions from third‑party recruiters and agencies. WSFS Bank is inclusive and supportive of individual needs. WSFS Bank will only consider candidates who are presently authorized to work for any employer in the United States and who will not require work visa sponsorship from WSFS Bank now or in the future.