Mortgage Loan Underwriter

Luminate Bank

Mortgage Underwriter evaluating mortgage loan applications for creditworthiness and risk. Ensuring compliance with guidelines while collaborating with loan processors and officers.

Posted 7/2/2026full-timeRemote • Minnesota • 🇺🇸 United StatesMid-LevelSenior💰 $90,000 - $100,000 per yearWebsite

About the role

Key responsibilities & impact

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
Participate in audits and quality control reviews as needed
Maintain performance goals including turnaround time and accuracy

Requirements

What you’ll need

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

Comp & perks

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)

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

Mortgage Loan Application ReviewRisk AnalysisLoan Decision RenderingDocumentation MaintenanceRegulatory Compliance

Soft Skills

Attention to DetailIndependence in Deadline-Driven Environment