What are the responsibilities and job description for the Senior Mortgage Underwriter – FHA DE / Conventional position at Mortgage Masters of Indiana?
Mortgage Masters of Indiana, Inc. | Full-Time
Mortgage Masters of Indiana, Inc. is an established, independently owned mortgage lender with more than 25 years in the industry. We are a close-knit, experienced team that values quality, accountability, communication, and doing things the right way.
We are seeking an experienced Senior Mortgage Underwriter with FHA Direct Endorsement (DE) experience to join our underwriting team. The ideal candidate will bring strong FHA and conventional underwriting knowledge, excellent judgment, attention to detail, and a proactive approach to identifying and resolving potential issues.
VA underwriting experience is a strong plus, and VA SAR/LAPP experience is highly desirable.
What You'll Do- Underwrite FHA and conventional residential mortgage loans in accordance with agency, investor, and company guidelines.
- Analyze credit, income, assets, liabilities, collateral, and supporting documentation to make sound underwriting decisions.
- Review and accurately interpret Fannie Mae DU and Freddie Mac LPA findings and ensure all applicable conditions and requirements are satisfied.
- Perform manual underwriting when required and appropriately evaluate compensating factors and overall loan risk.
- Review appraisals and identify property characteristics or collateral issues that may require additional analysis or investor consideration.
- Identify potential eligibility, compliance, documentation, or investor issues early in the process and communicate them clearly.
- Issue clear, accurate, and reasonable underwriting conditions and provide rationale when additional documentation is required.
- Work collaboratively with loan officers, processors, closers, and management to resolve complex loan scenarios.
- Remain current on FHA/HUD, Fannie Mae, Freddie Mac, investor, and regulatory guideline changes.
- Contribute to a culture of loan quality, consistency, accountability, and continuous improvement.
- FHA Direct Endorsement (DE) experience required
- Strong recent FHA underwriting experience
- Strong conventional underwriting experience with Fannie Mae and Freddie Mac
- Minimum 5 years of mortgage underwriting experience preferred
- Experience with FHA manual underwriting
- Strong knowledge of agency guidelines and investor overlays
- Demonstrated ability to analyze complex income, including self-employed borrowers
- Strong appraisal and collateral review skills
- Excellent attention to detail and documentation
- Sound independent judgment and a proactive approach to risk
- Strong written and verbal communication skills
- Ability to manage priorities and maintain reasonable turnaround times without sacrificing loan quality
- VA underwriting experience
- VA SAR/LAPP experience
- Manual VA underwriting experience
- Indiana Housing experience
- Other Housing Finance Agency (HFA) or down-payment-assistance program experience
- Encompass experience
- Experience assisting or mentoring other underwriters
We've built our company over more than 25 years by focusing on relationships, responsible lending, and taking care of both our borrowers and our team.
We're looking for someone who takes genuine pride in underwriting and understands that great underwriting isn't simply about moving a file through the system. It's about asking the right questions, identifying issues before they become problems, understanding the guidelines, and making thoughtful, well-supported lending decisions.
If you're an experienced FHA DE underwriter who values quality, collaboration, and being part of an established independent mortgage company, we'd love to hear from you.
Mortgage Masters of Indiana, Inc.
- NMLS #126673