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Mortgage Underwriter – FHA or VA Specialist

Mutual of Omaha Mortgage
Lombard, IL Full Time
POSTED ON 6/6/2026
AVAILABLE BEFORE 10/21/2026

Mutual of Omaha is a Fortune 300 Company. Mutual of Omaha Mortgage is inspired by hometown values and a commitment to being responsible and caring for each other. We exist for the benefit of our customers and employees. 

Mutual of Omaha Mortgage is a full service lending company offering both Forward and Reverse Mortgage products including a complete line of residential mortgage, refinancing, specialty, and HECM loans. We employ a knowledgeable staff of experienced Loan Officers with an operations team that is second to none. If you are interested in joining a team that promotes from within and works together toward a common goal of helping customers with their mortgage needs please review and apply for our opening below!

JOB PURPOSE:
To accurately evaluate and underwrite mortgage loan files submitted by retail and wholesale production channels, in accordance with company policy and investor guidelines.

DUTIES AND RESPONSIBILITIES:

  • Evaluate risk in accordance with all investor guidelines and company policies
  • Review all aspects of the loan file, including title and appraisal reports
  • Set the terms for approval and compliance or identify reasons for rejection
  • Ensure regulatory compliance and completeness
  • Effectively communicate all loan decisions to sales channels and management, as needed
  • Accurately review and input pertinent loan data into operational systems
  • Utilize FHA Connection to update loan data as needed
  • Utilize VA portal to update loan or appraisal data as needed
  • Work closely with all operational departments to establish productive and efficient work flows
  • Complete required checklists and worksheets
QUALIFICATIONS:
  • DE or SAR/LAPP
  • Minimum 5 yrs of government underwriting experience
  • Must be familiar with Encompass
Pay range for role varies based on experience - $90,000 -140,000
 
Mutual of Omaha Mortgage is an Equal Opportunity Employer, and we encourage diverse, talented, qualified applicants to apply. We offer an extensive compensation package. Benefits include: 
  • Vacation — Vacation hours accrue on a per pay period basis. Balance maximums are based on years of service. 
  • Paid Sick Time — 40 hours of paid sick time after 90 days of employment. State sick time requirements will be added as needed. 
  • 9 Paid Holidays 1 Cultural Celebration Day (Floating Holiday) 
  • Multiple PPO Medical Plans, as well as HDHP eligible plan. 
  • Dental Coverage 
  • Vision Coverage 
  • Company Paid Life Insurance 
  • 401K with a generous employer match 
  • Additional Benefits including – Optional Life, FSA, Pet Insurance etc. 
  • Free Legal Services 
  • Employee Loan Program 
  • 100% Remote

Salary : $90,000 - $140,000

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