Canopy Mortgage · 9 hours ago

Branch Underwriter - Barnes/Cantrell Team

Lindon, UT

Full-time

Remote

Mid Level

3+ years exp

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Responsibilities

Review and analyze loan applications: This involves meticulously examining financial documents like tax returns, pay stubs, credit reports, and asset statements to assess the borrower's ability to repay the loan.

Evaluate financial risk: Underwriters must use their analytical skills to identify potential red flags that could indicate loan delinquency, such as high debt-to-income ratios, unstable employment, or insufficient down payments.

Make loan eligibility decisions: Based on their analysis, underwriters determine whether to approve or deny a loan application. They may also recommend specific loan terms and conditions based on the borrower's profile and risk assessment.

Communicate effectively: Underwriters need to clearly explain their decisions to loan officers, borrowers, and other team members. This may involve writing detailed reports, providing justifications for loan denials, and negotiating loan terms.

Stay up-to-date on industry regulations: The mortgage industry is constantly evolving, so underwriters must be committed to staying informed about the latest regulations and compliance requirements.

Qualification

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Underwriting experienceFHA guidelinesVA guidelinesUSDA guidelinesBond programsDPA programsHousing programs