Experienced Residential Mortgage Underwriter

Indianapolis, Indiana
Finance & Economics (Business and Financial Operations Occupations)
Job Type
Temp to Perm
Working Hours
8:00 AM - 5:00 PM
US$ 42.00 per hour
Ref. Number
Wrenn, Paige, Spherion
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Job Description

The Underwriter will review all loan documents and data in a loan file with the goal of rendering an Underwriting decision based on the loan characteristics including but not limited to Borrower's ability to repay (income, employment and assets), borrower's credit history and the collateral (property). UW's are granted Lending Authority based on their experience and their performance on initial test cases. Once Lending Authority is received, they underwrite loans in accordance with regulatory requirements, Investor guidelines and client overlays.

The ideal candidate will have over Three to Four years of experience independently underwriting residential mortgage loans, expert analytical skills with DU & LP experience
Underwrites mortgage loan applications and evaluates loans in order to maximize organizational profit and minimize risk or loss.
Responsible for ensuring all documentation meets program and AUS requirements
Reviews and validates income and asset documentation
Reviews AUS findings
Issues underwriting decision and notifications of clear to close
Reviews all credit documentation
Reviews and approves all Trusts
Ensure adherence to any client overlays
Mortgage Insurance certs
Issues Denials and 2nd tier manager reviews
Suspend file if credit decisions are unable to be rendered
Typically reports to a supervisor or manager.

Working hours: 8:00 AM - 5:00 PM

May require a bachelor's degree in area of specialty and 0-2 years of experience in the field or in a related area
Familiar with standard mortgage concepts, practices, and procedures within a particular field.
Should have working knowledge with any Mortgage loan origination application. Preferably, BKFS application - Empower, MSP
Relies on limited experience and judgment to plan and accomplish goals
Performs a variety of tasks.
Excellent mathematical and statistical aptitude.
A certain degree of creativity and latitude as expected


1-4 years

High School Diploma or GED equivalent
At least 4 years of relevant work experience

If interested, apply now!

Spherion has helped thousands of people just like you find work happiness! Our experienced staff will listen carefully to your employment needs and then work diligently to match your skills and qualifications to the right job and company. Whether you're looking for temporary, temp-to-perm or direct hire opportunities, no one works harder for you than Spherion. EEO Employer: Race, Religion, Color, National Origin, Citizenship, Sex, Sexual Orientation, Gender Identity, Age, Disability, Ancestry, Veteran Status, Genetic Information, Service in the Uniformed Services or any other classification protected by law.

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