What are the responsibilities and job description for the MORTGAGE LOAN UNDERWRITER position at Standard Mortgage Corp.?
Position: Mortgage Loan Underwriter
Company: Standard Mortgage Corporation
Location: Greater New Orleans Area
Employment Type: Full-Time
About the Role:
Standard Mortgage is seeking an experienced Mortgage Loan Underwriter to evaluate and determine the eligibility of mortgage loan applications. The ideal candidate will possess strong analytical and decision-making skills, a deep understanding of underwriting guidelines, and a commitment to maintaining compliance with all investor and regulatory requirements.
Key Responsibilities:
- Review and verify loan applications and supporting documentation to ensure completeness and accuracy in accordance with internal, investor, and regulatory guidelines.
- Analyze borrower financial data including income, credit history, assets, and collateral to determine creditworthiness.
- Evaluate debt-to-income (DTI) ratios, loan-to-value (LTV) ratios, and other key risk factors.
- Assess overall loan risk to make informed approval, suspension, or denial decisions.
- Ensure loans meet all federal, state, and investor regulations (Conventional, FHA, VA, USDA, Jumbo).
- Ensure compliance with anti-fraud measures and fair lending laws.
- Communicate approval conditions, suspensions, and denials with clear and concise documentation.
- Collaborate with Loan Officers and Processors to obtain necessary information or resolve issues impacting loan decisions.
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Required Skills and Competencies:
- In-depth knowledge of mortgage regulations, investor guidelines, and underwriting best practices.
- Strong analytical, mathematical, and problem-solving skills.
- Exceptional attention to detail and organizational ability.
- Effective verbal and written communication skills.
- Proficiency with mortgage origination systems and related technology.
- Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
- Sound judgment and decision-making skills.
Qualifications:
- High School Diploma or equivalent (required).
- Bachelor’s degree in Business, Finance, Accounting, or related field (preferred).
- Minimum of 5 years of mortgage underwriting experience.
- Proficiency in underwriting Conventional, FHA, VA, USDA, and Jumbo loan products.
- DE (Direct Endorsement), SAR, or LAPP designations a plus.
Join our team and experience what it feels like to be part of the Standard Mortgage family.
Standard Mortgage Corporation is an equal opportunity employer.
Job Type: Full-time
Pay: $58,000.00 - $70,000.00 per year
Benefits:
- 401(k) matching
- Dental insurance
- Employee assistance program
- Flexible spending account
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Work Location: In person
Salary : $58,000 - $70,000