Mortgage Underwriter II

Remote

Apply with AI Apply

Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Mortgage, Software, AIIndustries

Requirements

Candidates must have a minimum of 3 years of conventional mortgage underwriting experience and 1-2 years of FHA DE underwriting experience using TOTAL Scorecard and Manual methods. Proficiency with Encompass LOS (ICE Technology/EllieMae) and knowledge of Fannie Mae/DU, Freddie Mac/LPA, and FHA guidelines and automated underwriting systems are required. A strong understanding of relevant federal mortgage industry regulations such as RESPA, TILA, ECOA, TRID, and CFPB is also necessary. An ideal background includes 5+ years of mortgage underwriting experience, an active FHA DE designation, and exposure to VA underwriting.

Responsibilities

The Mortgage Underwriter II will analyze borrower credit, income, assets, collateral, and capacity to determine creditworthiness, including reviewing and calculating income from tax returns when necessary. They will maintain up-to-date knowledge of secondary market, investor, and private mortgage insurance guidelines, and review new loans while clearing conditions on resubmissions within service level agreements. This role involves responding to audits, supporting quality control reviews, and ensuring KPIs are met as set by the underwriting manager. Responsibilities also include maintaining the quality and data integrity of all loan files, enhancing customer service skills, and escalating complex loan scenarios to senior underwriters or management when needed.

Skills

Mortgage Underwriting

Loan Documentation Review

Compliance

Conventional Loans

FHA Loans

Credit Requirements

Collateral Requirements

Mortgage Servicing

Financial Services

Valon

Customer-centric mortgage servicing platform

About Valon

Valon operates as a mortgage servicing platform focused on improving the home ownership experience for its users. It provides homeowners with a user-friendly, mobile-compatible interface that allows them to manage their mortgages efficiently and transparently. The platform offers real-time information about mortgage options, enabling users to explore their choices without any obligation. Valon distinguishes itself from competitors through its commitment to responsive customer service, ensuring quick and high-quality support for its clients. The company's goal is to transform the traditional mortgage industry by making it more accessible and efficient, ultimately empowering homeowners with better tools and information.

New York City, New YorkHeadquarters

2019Year Founded

$339.3MTotal Funding

SERIES_CCompany Stage

Fintech, Financial ServicesIndustries

201-500Employees

Benefits

Medical, dental, & vision insurance plans

flexible sick days

Equity

Company holidays

Generous vacation policy

Laptop, custom accessories, & ergonomic equipment

Paid parental leave

Risks

Increased competition may erode Valon's market share.

Rising interest rates could reduce mortgage refinancing activities.

Expansion into new markets may face regulatory challenges.

Differentiation

Valon offers a mobile-friendly interface for seamless mortgage management.

The company provides real-time, accurate mortgage information to homeowners.

Valon prioritizes customer experience with responsive and high-quality service.

Upsides

Valon's Series C funding supports platform development and market expansion.

Adoption of AI tools enhances Valon's customer service capabilities.

Mobile-first solutions align with Valon's interface, boosting user engagement.

Land your dream remote job 3x faster with AI

Try Jobo Free