Underwriter III

The Underwriter III is a critical role at Waterstone Mortgage Corporation, responsible for evaluating and underwriting residential mortgage applications. This position requires a high level of expertise in mortgage underwriting, with a focus on ensuring compliance with investor, FNMA, FHLMC, FHA, VA, RD, and private investor guidelines.

• Review and evaluate mortgage applications, ensuring completeness, accuracy, and compliance with regulatory requirements.
• Conduct thorough credit analysis, including income and asset verification, to determine loan eligibility.
• Make underwriting decisions, communicating with loan officers and processors to resolve application conditions.
• Enter underwriting conditions and HMDA data into the Encompass LOS system.
• Stay up-to-date with product updates, investor, and agency guidelines.

• High school diploma or equivalent, with 3-5 years of experience as a loan underwriter.
• FHA DE and VA SARs approval required.
• Proficiency in automated underwriting software, including Desktop Underwriting and Loan Prospector.
• Excellent communication and analytical skills, with the ability to work in a fast-paced environment.

The Underwriter III will work in a professional office environment, with a conservative business dress code. The noise level is moderate, and the role requires the ability to sit for extended periods, walk, and perform other physical activities as needed.