Residential Mortgage Loan Underwriter & Loan Structuring Specialist

Employment Type: Full-Time

About Multiply Mortgage

Multiply Mortgage is a technology company and a mortgage company. We pair experienced, local mortgage advisors on our team with technology to deliver a better customer experience. Through our company partnerships channel, we partner directly with companies to offer mortgages as an employee benefit — with exceptional rates, concierge service, and modern software.

Our team previously built consumer tech products at Uber, Square, DoorDash, and Google, and we are bringing the customer experience we love from these products to mortgage origination. We’re committed to building technology that enhances, rather than replaces, experienced mortgage loan originators. A mortgage is the largest financial transaction of most Americans’ lives—they deserve an expert advisor to guide them through the process, and technology that makes the experience smoother.

Multiply Mortgage is backed by Kleiner Perkins, A*, and Box Group, as well as founders and executives from Ramp, Plaid, Figma, DoorDash, Notion, Instacart, Faire, Flexport, Niantic, Rippling, Iterable, Lattice, Newfront, and more.

Opportunity Overview

The Residential Mortgage Loan Underwriter & Loan Structuring Specialist is responsible for evaluating and underwriting mortgage loan applications, ensuring compliance with all regulatory and investor guidelines, and providing expert guidance on loan structuring to optimize approvals and client satisfaction. This role requires strong analytical skills, attention to detail, and the ability to collaborate closely with loan officers, processors, and investors to ensure loans are properly structured and closed in a compliant manner.

How You Will Contribute

This position is ideal for an experienced mortgage underwriter who enjoys both technical analysis and collaborative problem-solving to help structure successful residential mortgage loans.

• Review and underwrite residential mortgage loan applications, analyzing applicant credit, income, assets, and property documentation for accuracy and completeness.
• Provide guidance to loan officers and processors PRIOR to submission on optimal loan structuring, including program selection, guidelines, documentation requirements, and risk mitigation strategies to maximize approval potential and client satisfaction.
• Assess financial risk and determine loan eligibility based on established guidelines.
• Evaluate guideline exceptions holistically, then decide to approve or suggest a loan restructure based on mitigating factors.
• Ensure all loan files comply with company policies, investor requirements, and regulatory standards, including fair lending and secondary market guidelines.
• Communicate underwriting decisions and stipulations clearly to internal stakeholders by first calling the Loan Officer and/or Processor and then emailing prior to issuing a suspense. New underwrites to be reviewed within 48 hours or less.
• Review and sign off on files submitted for partial condition review and clear to close review within 24 hours or less.
• Review appraisals and title reports to confirm property value and ownership, and identify any issues impacting loan eligibility.
• Collaborate with mortgage loan originators and processors to resolve file deficiencies and ensure timely loan closings.
• Provide system, policy, and procedure training for new Underwriters as they are hired to the team.
• Maintain up-to-date knowledge of mortgage products, underwriting systems, and compliance requirements and advise team members as needed.

Why Join Multiply Mortgage?

• Be part of transforming the mortgage experience, ensuring our customers' largest financial decisions are handled with ease and care.
• Shape the future of our company, contributing to meaningful change as part of a collaborative, high-performing team.
• Thrive in a culture rooted in ownership, honesty, positive intent, and humility.
• Enjoy competitive rewards, including:
  • Equity
  • Comprehensive health, dental, vision, and life insurance

Salary

• Information not provided

Location Type

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