| Mortgage Underwriter I |
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| Also referred to as: Mortgage Underwriter I, Entry Mortgage Underwriter |
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| Requirements and Responsibilities |
| 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. 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. 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. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience. |
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| Similar Jobs: Mortgage Underwriter III, Mortgage Underwriter II, Underwriter I, Mortgage Underwriter IV, Underwriter (Life) I, Mortgage Operations Associate Director, Mortgage Loan Processor I, Mortgage Closer I, Underwriter III |
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| Level of Education: Mortgage Underwriter I Salaries with a High School Diploma or Technical Certificate, Mortgage Underwriter I Salaries with an Associate's Degree, Mortgage Underwriter I Salaries with a Bachelor's Degree, Mortgage Underwriter I Salaries with a Master's Degree or MBA, Mortgage Underwriter I Salaries with a JD, MD, PhD or Equivalent |
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| Industries: Business Services, Financial Services, Insurance | |
