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Mortgage Underwriter (Primary Residential Mortgage)
Ref No.: 16-07708
Location: Tampa, Florida
The purpose of this position is to review and evaluate information on mortgage loan documents to determine if buyer, property, and loan conditions meet establishment and government standards. The Underwriter will then approve or deny mortgage loans based on their evaluations.
  • Evaluates acceptability of loan to corporations that buy real estate loans on secondary mortgage markets where existing mortgages are bought and sold by investors
  • Determines acceptability of risk of prospective business
  • Negotiates directly with mortgage loan officers and processors
  • Reviews and completes a minimum of four loans each day
  • Reviews conditions for approved files within the 24-hour review window
  • Notifies the branch by e-mail, or phone of the status of files and adds notes immediately
  • Approves or rejects loan applications and requests additional information if necessary
  • Records loan rejections, specifying investor and institution guidelines as the basis for declining application, such as insufficient cash reserves, etc.
  • Assembles documents in loan files, including acceptance or denial and disposition sheet, for the originating mortgage loan officer
  • Maintains database on new and existing business
  • Answers e-mails and phone calls within 1 hour to 2 hours of time received
  • 3 years (minimum) full time recent experience reviewing both credit applications and property appraisals
  • Currently using DE
  • Must be a reliable and responsible professional, skilled in mortgage evaluation
  • Must be able to demonstrate knowledge and experience regarding the principles of mortgage underwriting
Job Type: Full-time
Required education:
  • Associate
Required experience:
  • Mortgage Underwriting: 3 years
  • Underwriting: 3 years
ControlID: 14.234.89 SHR