About Open Mortgage LLC

Open Mortgage exists to empower the American dream of home ownership. Open Mortgage is a financially stable, experienced, and reliable Mortgage Banker that has been in business for 20 years, with exciting plans for growth. We combine the strength and resources of a national lender with the support, approach, and flexibility of a family-owned operation. Open Mortgage believes that Better is Possible®. We are committed to providing our originators with the cutting-edge technology, products, tools, and service they need to achieve greatness in today’s “high tech - high touch” market. We currently operate nationwide, in most states in the USA.

For Qualified Candidates, We Offer

• A comprehensive suite of benefits, including Company-paid long-term disability
• 401k plan, with Company match
• A relaxed and fun team-oriented environment

Job Summary

Underwriters will review loan files to reach a credit decision. They underwrite mortgage loans in accordance with established policies and procedures and appropriate guidelines and examine all docs for accuracy and completeness. In addition to working with the Underwriting Manager, they work with Loan Officers and Processors on conditions and other loan documents. Underwriters also obtain all required licenses and certificates as required. This position can be located anywhere in the U.S.

Job Duties

• Screen loan applications to determine the appropriate funding source and program
• Calculate income for all types of borrowers, review complex tax returns and financial statements, analyze various sources of funds, and establish general creditworthiness of potential borrowers
• Review information provided in loan package
• Review and analyze all loan documentation to ensure loans meet agency guidelines
• Evaluate risk as it relates to borrowers, collateral, and transactions
• Provide final approval underwriting of conventional, VA, Federal Housing Administration (FHA), Fannie Mae, Freddie Mac, and Rural Development mortgage loans
• Underwrite credit, capacity, and collateral in accordance with established policies and procedures
• Complete all required paperwork and forms in a timely and accurate manner
• Maintain records, files, and database

Competencies

• Organization Skills - Obtains excellent organizational abilities that benefit the workflow of this role
• Attention to Detail - Looks for ways to improve and promote quality of work and demonstrates accuracy and thoroughness
• Communication - Clearly conveys information and ideas through a variety of media - written, verbal and digital - to individuals and groups in a manner that engages the audience and helps them understand and retain the message. Demonstrates high level of professionalism

Minimum Qualifications

• High School diploma or equivalent experience
• 5 years of prior underwriting experience or relevant experience
• 3 to 5 years of mortgage industry experience
• Thorough working knowledge of real estate doc, policies, compliance, and procedures
• High level of proficiency with mortgage loan processing and underwriting systems
• Commitment to excellence and high standards
• Proficient in DU/DO/LP/GUS
• Demonstrated ability to calculate figures and amounts such as discounts, interest, commissions, and percentages

Preferred Qualifications

• DE or SAR/LAPP Certifications preferred
• State DPA & Renovation experience preferred

Open Mortgage, LLC is an Equal Opportunity Employer that welcomes diversity including but not limited to Minorities/Females/Veterans/Disability/LGBTQIA.