Rate · 21 hours ago
Junior Underwriter
United States
Full-time
Remote
New Grad, Entry Level
$50K/yr - $55K/yrRate is the 2nd-largest retail mortgage lender in the U.S., known for its industry-leading tools and customer service. The Junior Underwriter will analyze loan files for compliance, evaluate credit packages, and communicate loan decisions to relevant parties.
Consumer LendingFinanceFinancial ServicesLendingMortgagePersonal FinancePropTech
Responsibilities
Complete a thorough analysis of loan files to determine compliance with company, investor and GSE guidelines
Evaluates the entire credit package following the checklist for the specific loan types in which you are assigned
Escalate loan files with recommendations on situations that exceed individual lending authority
Examine and validate specific loan documentation for accuracy and completeness, checking accuracy of all calculations and loan data
Communicate decision on loans to appropriate parties both verbally and in writing
Strive to meet same day decisions on all submissions
Complete all processing related matters from gathering documents to getting the loan into closing
Qualification
Required
Preferred strong knowledge of State and Federal laws pertaining to the mortgage banking industry: QM, ATR, RESPA, ECOA, AIR, etc
Excellent data entry skills and PC skills
Strong verbal and written communication skills are necessary
Excellent customer service skills with strong attention to detail
Time Management skills and the ability to prioritize workload based on daily production
Benefits
Eligibility to participate in a company-sponsored 401(k)
Vacation benefits
Eligibility for medical, dental, vision, and prescription drug benefits
Flexible benefits (e.g., healthcare and/or dependent day care flexible spending accounts)
Life insurance and death benefits
Critical care insurance
Personal accidental insurance
Commuter benefits
Pet insurance
Certain time off and leave of absence benefits
Well-being benefits (e.g., employee assistance program)
Other supplemental benefits (e.g. legal planning assistance; identity theft protection; pet insurance; wellness resources)
Company
Rate
Rate is a mortgage company that provides mortgage-related services and solutions.
Founded in 2000
5001-10000 employees
H1B Sponsorship
Rate has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (6)
2024 (7)
2023 (3)
2022 (15)
2021 (9)
Funding
Current Stage
Late StageTotal Funding
unknownKey Investors
THL
2017-12-14Private Equity
Leadership Team
Victor Ciardelli
President & CEO
Ramesh Sarukkai
CPO & CTO
Recent News
2025-12-25
2025-12-04
2025-12-03
Company data provided by crunchbase