| Mortgage Underwriter III Job Description |
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| The following is a full job description for Mortgage Underwriter III. Here are the requirements and responsibilities for Mortgage Underwriter III along with statistics. If after reading this page you determine that Mortgage Underwriter III is not the position you are looking for, you may want to try one of these similar titles: Mortgage Underwriter I, Mortgage Underwriter II, Mortgage Underwriter IV, Underwriter III, Underwriter (Life) III, Mortgage Operations Associate Director, Underwriter (P/C) III, Mortgage Loan Processor III, Mortgage Collector III |
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| Requirements and Responsibilities For Mortgage Underwriter III |
| Evaluates the risk of mortgage loan applications against the firm's objectives and borrowing guidelines using analysis and assessment of creditworthiness criteria. Reviews the applicant's financial status, documents, data, and property appraisal. Calculates LTV ratio (loan to value) to define the loan program eligibility, down payment, interest rate, repayment terms, and allowed loan amounts. Makes approval, rejection, or modification decisions based on underwriting guidelines and established approval limits. Complies with all federal regulations, state laws, and internal policies related to mortgage lending. Escalates non-conforming loans that require approval review using an exception process. Typically requires a bachelor's degree. Typically reports to a supervisor or manager. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4-7 years of related experience. |
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| Also referred to as: Senior Mortgage Underwriter |
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| Similar Jobs: Mortgage Underwriter I, Mortgage Underwriter II, Mortgage Underwriter IV, Underwriter III, Underwriter (Life) III, Mortgage Operations Associate Director, Underwriter (P/C) III, Mortgage Loan Processor III, Mortgage Collector III |
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| Level of Education: Mortgage Underwriter III Salaries with a High School Diploma or Technical Certificate, Mortgage Underwriter III Salaries with an Associate's Degree, Mortgage Underwriter III Salaries with a Bachelor's Degree, Mortgage Underwriter III Salaries with a Master's Degree or MBA, Mortgage Underwriter III Salaries with a JD, MD, PhD or Equivalent |
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| Industries: Financial Services, Insurance | |
