Mortgage Underwriter I

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Mortgage Underwriter I evaluates the risk of mortgage loan applications against the firm's objectives and borrowing guidelines using analysis and assessment of creditworthiness criteria. Reviews the applicant's financial status, documents, data, and property appraisal. Being a Mortgage Underwriter I calculates LTV ratio (loan to value) to define the loan program eligibility, down payment, interest rate, repayment terms, and allowed loan amounts. Makes approval, rejection, or modification decisions based on underwriting guidelines and established approval limits. Additionally, Mortgage Underwriter I complies with all federal regulations, state laws, and internal policies related to mortgage lending. Escalates non-conforming loans that require approval review using an exception process. Typically requires a bachelor's degree. Typically reports to a supervisor or manager. The Mortgage Underwriter I work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Mortgage Underwriter I typically requires 0-2 years of related experience.