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Mortgage Underwriter

Location : Fairfax, VA
Job Type : Direct
Hours : Full Time
Travel : No
Relocation : No

Job Description :

******* $20K Sign on Bonus *******


The primary role of the Mortgage Underwriter is to review a mortgage loan application and supporting documents in accordance with guidelines (FHA, VA, & Conventional) and to render a credit decision.


To review provided documentation and render a credit decision. Ensuring the file meets the investor/agency guidelines:

·         Review asset documents and calculate assets

·         Review employment details and calculate W-2 and Self Employment income

·         Review credit report and validate liabilities and credit-worthiness

·         Review the sales contract

·         Review mortgage insurance

·         Review appraisal and perform compliance checks

·         Review disclosures for accuracy

·         Review applicable ratios (i.e. debt ratios, loan-to-value)

·         Notate any required credit and/or closing conditions and subsequently review and sign off on them

·         When the documents/information are received/reviewed, issue a final approval, ‘Clear to Close’ or adverse action on a loan

·         Update the LOS with all required/pertinent information

Maintain a strong relationship with the processing team and loan originators as you work together to evaluate a deal.


· A broad understanding of residential mortgage loans, and familiarity with mortgage loan products.
· Solid mortgage underwriting experience utilizing AUS and manual underwriting.
· Clear understand of the current RESPA laws and guidelines.
· Thorough understanding of underwriting policies and procedures, including investor guidelines
· Thorough knowledge of FNMA, FMLMC, FHA, VA and USDA guidelines and standards.
· Experience with income calculations including personal and corporate tax forms.
· Experience in Appraisal Review.
· Excellent verbal and written communication skills with a high degree of attention to detail.


· VA LAPP SAR - Ideal
· Calyx Point Experience - Ideal

Job Type: Full-time

Required Qualifications :
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