The Money Store · 1 day ago
Underwriter
United States
Full-time
Remote
Senior Level
5+ years expThe Money Store is seeking an experienced Mortgage Underwriter to work closely with the Underwriting Manager to ensure all loan files are complete, accurate, and meet company and regulatory guidelines. The role requires strong communication skills and technical proficiency in mortgage underwriting, focusing on applying internal loan approval policies and conducting thorough evaluations of borrower profiles.
Consumer LendingLending
Responsibilities
Apply internal loan approval policies and investor guidelines during the underwriting process
Accurately calculate Loan-to-Value (LTV) and Debt-to-Income (DTI) ratios
Approve loans that meet company standards and document any conditions for closing
Outline all closing conditions to ensure compliance with applicable regulations and complete file documentation
Conduct a holistic evaluation of each borrower’s profile, assessing beyond isolated figures to understand the full credit picture
Collaborate with the Underwriting Manager to ensure consistency, compliance, and quality in underwriting decisions
Exercise sound decision-making discretion in complex or borderline cases
Ensure all required fields are filled and supporting documentation is included
Communicate clear conditions for approval
Work with processing and closing teams to ensure continued collaboration
Qualification
Required
Minimum of 5 years of mortgage underwriting experience with FHA, Conventional, and VA loan products
DE (Direct Endorsement) Certification required
Proficiency with Desktop Underwriter (DU) and Loan Product Advisor (LP) required
Strong understanding of investor and agency guidelines, credit risk, and compliance standards
Demonstrated ability to collaborate effectively with sales teams, processors, and other operational partners
Strong communication, organizational, and problem-solving skills
High level of accuracy, integrity, and sound judgment in underwriting decisions
Must be capable of working independently in a remote and/or office environment
Preferred
VA LAPP/SAR Certification preferred
Experience with USDA loans preferred
Experience using Encompass Loan Origination System preferred
Company
The Money Store
The Money Store has been a trusted mortgage brand for more than 50 years.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
David Zilberman
Chief Financial Officer (NMLS # 267276 Corp NMLS #1019)
Jeff Carter
Chief Operating Officer
Recent News
2024-04-07
2024-04-07
2024-04-07
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