Also referred to as:
Lead Mortgage Underwriter
Requirements and Responsibilities
Mortgage Underwriter IV 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 IV 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 IV 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 IV work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. To be a Mortgage Underwriter IV typically requires 7+ years of related experience.
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