Mortgage Underwriter

4 weeks ago


Chicago, Illinois, United States Invigorate Finance Full time
Mortgage Underwriter

Invigorate Finance is seeking a skilled Mortgage Underwriter to join our team. As a Mortgage Underwriter, you will be responsible for evaluating and analyzing loan applications to determine borrower creditworthiness. You will assess property values and conduct risk assessments in accordance with underwriting guidelines. Your goal will be to ensure all mortgages are investment quality acceptable for sale to our secondary market conduits. You will make informed decisions on loan approvals, conditions, or denials based on thorough analysis. You will partner with mortgage originators and processors to decision mortgage applications and with processors and closers to clear closing conditions. You will identify and describe compensating factors when communicating loan exception requests when warranted. You will produce detailed Credit Memorandums addressed to the Loan Approval and Credit Committee. You will ensure department processes and procedures are followed while consistently maintaining the expected level of production. You will resolve various inquiries through clear and detailed explanations. You will serve as a liaison between sales and operations management team. You will maintain accurate and detailed records of underwriting decisions and correspondence. You will stay updated on industry trends, market conditions, and changes in regulatory requirements. You will develop domain knowledge of Invigorate Finance's business to include an understanding of organizational goals and objectives. You will maintain broad influence through ongoing development of relationships across the organization. You will ensure compliance with Invigorate Finance's policies, processes, and practices. You will successfully complete all department and company required training. You will model Invigorate Finance's Values, Operating Principles, ethical standards, professionalism, and code of conduct. You will demonstrate behaviors that align with Invigorate Finance's Values and Operating Principles. You will perform other duties and responsibilities as assigned.

Requirements
  • Bachelor's degree in Business, Finance, or related field (or equivalent combination of years of experience with High School diploma/GED)
  • 5+ years' experience in mortgage loan underwriting
  • 2+ years' experience in customer service
  • Extensive knowledge of generally acceptable underwriting and lending practices
  • Strong skills in MS Word, Excel, and PowerPoint
  • Strong interpersonal skills with the ability to develop and maintain effective relationships across the organization
  • Collaborative and consultative work style; high team-orientation
  • Open to change; agile; high learning agility
  • Strong problem-solving abilities coupled with sound judgment
  • Ability to analyze and interpret data to identify opportunities and propose solutions
  • Strong project management skills
  • Strong attention to detail; strong compliance orientation; high quality of work product
  • Ability to effectively prioritize under tight deadlines in a fast-paced, dynamic environment; effective time management
  • Self-directed; ability to proactively ask questions and surface issues/concerns
  • Professional maturity, integrity, ability to maintain confidential data and information
  • Strong business acumen; strong fiscal and technical aptitude

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