Luminate Bank logo
Luminate Bank

More than just your average bank.

Mortgage Loan Underwriter

GeneralGeneralFull TimeRemoteSeniorTeam 501-1,000Since 1937H1B No SponsorCompany SiteLinkedIn

Location

Minnesota

Posted

90 days ago

Salary

$90K - $100K / year

Seniority

Senior

Bachelor DegreeEnglish

Job Description

Mortgage Loan Underwriter

Luminate Bank

• Review mortgage loan applications and supporting documentation (credit reports, income documents, appraisals, etc.) to assess borrower qualifications. • Evaluate loans according to company, investor (Fannie Mae, Freddie Mac), and regulatory guidelines. • Analyze risk factors and ensure loans meet product and compliance requirements. • Render loan decisions (approve, suspend, or deny) and provide detailed conditions and rationale. • Maintain thorough and accurate documentation in loan files and LOS (Loan Origination System). • Communicate underwriting decisions and conditions clearly to processors, loan officers, and other stakeholders. • Stay updated on investor guidelines, industry trends, and regulatory changes (e.g., TRID, ATR/QM, HMDA). • Work collaboratively with processing and closing departments to resolve issues and ensure timely closings.

Job Requirements

  • Strong understanding of mortgage underwriting guidelines (Fannie Mae, Freddie Mac, FHA, VA, USDA, Jumbo)
  • FHA, VHA and or jumbo experience required
  • High attention to detail and accuracy
  • Strong analytical and decision-making skills
  • Proficient in LOS systems (e.g., Encompass, Blend) and Microsoft Office Suite
  • Effective verbal and written communication skills
  • Ability to work independently in a deadline-driven environment.

Benefits

  • Competitive compensation reliant on ability and experience
  • Excellent benefits package including health, pre tax HSA, FSA accounts and dental & vision
  • Life and AD&D Insurance, as well as additional voluntary benefit possibilities
  • 401K with robust company match
  • Flexible PTO program
  • Earned Sick & Safe Time (ESST)

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