Equity Resources, Inc · 17 hours ago
Mortgage Underwriter
Newark, OH
Full-time
Hybrid
Entry, Mid Level
2+ years expEquity Resources, Inc. is a privately owned and operated mortgage company headquartered in Newark, Ohio. They are seeking an experienced Mortgage Underwriter to approve loans and ensure compliance with various loan programs while maintaining high-quality service.
Financial ServicesMortgage
Responsibilities
The primary functions of the Underwriter are to approve saleable loans with the information provided by the next day; underwrite all loans under FNMA, FHLMC, and FHA (may include USDA & VA) loan programs and maintain knowledge of investor programs and overlays and communicate any changes to staff
Monitor pipeline daily and self-assigned preapprovals
Make underwriting decisions based on risk assessment, taking into consideration the 4 C’s of underwriting: Capacity, Credit, Collateral, and Cash
Deliver high-quality service with 24-hour turn times and timely updates to Mortgage Specialists
Maintain knowledge of investor overlays and expertise in FNMA, FHLMC, and FHA. Knowledge in USDA & VA loan programs is preferred but not required
Analyze and report loan quality issues and monitor corrective actions
Uphold strict fraud prevention, confidentiality and ethical standards set by Equity Resources
Adapt to changing circumstances and adjusting daily priorities as needed
Assist other Underwriters with daily volume
Perform additional duties as needed to support team and company goals
Qualification
Required
Bachelor's Degree in Business, Finance, or related field preferred (or equivalent combination of education and experience); minimum HS diploma or equivalent
Minimum of 2 years' DE Underwriting experience with conventional and FHA loans; USDA/VA experience a plus
Proficient in Microsoft Word, Excel, and Outlook; experience with an electronic mortgage processing systems required (Encompass preferred)
Must reside in a state in which Equity Resources is currently licensed
Excellent written and verbal communication and customer service skills; able to interact professionally with employees, vendors, and lenders
Ability to comprehend and follow complex written and oral instructions
Work independently with minimal supervision, applying sound judgment and attention to detail
Ability to manage high-stress situations and work overtime as needed
Preferred
Bachelor's Degree in Business, Finance, or related field preferred (or equivalent combination of education and experience); minimum HS diploma or equivalent
Experience with an electronic mortgage processing systems required (Encompass preferred)
Knowledge in USDA & VA loan programs is preferred but not required
Benefits
Generous PTO, 10 paid holidays, plus a day off for your birthday!
Full benefits package (including pet insurance!) first of the month after your first 30 days.
401(k) option with a generous company match —helping you grow your retirement savings faster.
Earn extra cash through our referral programs, $500 for each borrower you refer, and up to $5,000 for referring an experienced Loan Officer.
Medical, dental, and vision insurance; 401(k); company-paid life insurance; and much more!
Company
Equity Resources, Inc
Our Corporate Culture- Equity Resources, Inc. is a privately held mortgage lender based in Central Ohio.
201-500 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase