Mortgage Lending Underwriter
Bellevue, WA (100% in office)
Our client, a leading private real estate lender with a strong team and over $350 million in capital, is seeking a Mortgage Lending Underwriter to join their growing organization. The company specializes in financing for builders and developers, with additional divisions focused on mortgage brokerage and real estate development.
As a Mortgage Lending Underwriter, you will be responsible for reviewing complex mortgage applications submitted by both internal and external channels. This role requires a high level of analytical expertise, attention to detail, and a solid understanding of credit risk and lending guidelines to make sound underwriting decisions.
Mortgage Lending Underwriter Responsibilities:
- Review and analyze mortgage applications, financial documents, and credit reports.
- Assess borrower risk and make informed underwriting decisions.
- Ensure compliance with internal policies, investor guidelines, and federal regulations.
- Communicate decisions clearly to loan officers, processors, and other stakeholders.
- Review appraisals and property documentation for accuracy and adherence to lending standards.
- Recommend approval, denial, or restructuring based on risk analysis.
- Stay informed on industry updates, underwriting trends, and regulatory changes.
- Identify appropriate “take out” loan programs for applicable files.
- Collaborate with internal teams to support efficient loan processing.
Mortgage Lending Underwriter Qualifications:
- At least 8 years of experience in mortgage underwriting (including conventional, non-QM, and construction loans)
- Bachelor’s degree or equivalent experience in finance or related field
- Strong knowledge of underwriting principles, risk assessment, and industry regulations
- Proficient in Encompass, DU, and LP systems
- Excellent analytical, communication, and problem-solving skills
- Detail-oriented with the ability to meet deadlines under pressure
Company Benefits:
- Medical, Dental, and Vision Insurance
- Annual bonus
- Employee stock options
- 401k with a 3% match
Compensation: $85-90K + 5% bonus