DE Underwriter

Based in Melville, NY with a hybrid work setup, United Mortgage Corp is seeking a DE Underwriter to evaluate residential mortgage loan applications, including government and conventional programs. The role focuses on analyzing income, assets, and third-party reports, following up on loan conditions to ensure compliance and timely closings, and supporting underwriting, processing, and advisory staff as needed.

Responsibilities

• Underwrite loan files received daily according to FHA, agency, investor, and credit union policies.
• Originate and validate FHA insured loans using HUD's FHA Connection system.
• Review and sign off underwriting conditions in line with credit union policy while maintaining turn-times.
• Maintain current knowledge of state and federal laws and regulations related to credit union compliance including bank secrecy and anti-money laundering laws.
• Keep up to date with FHA and secondary market requirements regarding credit, income, disclosure, and property; hands-on experience with agency-related internet and computer systems as necessary.
• Analyze tax returns, credit and appraisal reports, fraud detection, and other income- or property-related documents to ensure compliance with agency, investor, and credit union requirements.
• Organize and prioritize daily workload to ensure adherence to policy, procedures, and established turnaround times.
• Communicate and interact with vendors, services, agencies, investors, staff, brokers and members.
• Maintain current working knowledge of the mortgage industry and credit union standards and trends.
• Monitor and resolve quality control issues on relevant files in a timely manner to prevent delays.
• Collaborate with management to implement procedures that prioritize work within underwriting and processing as volume dictates.
• Work closely with origination and operations staff to ensure compliance with guidelines and policies of the credit union and agencies.

Requirements

• 3-5 years of experience as an Underwriter with comprehensive mortgage knowledge.
• Bachelor’s degree preferred or equivalent work experience.
• Experience with FHA/VA/Agency loans.
• Direct Endorsement (DE) required.
• Strong analytical skills in credit and risk, with solid decision-making ability.
• Effective interpersonal skills and technical report writing abilities.
• Attention to detail.

Technologies

• FHA Connection
• HUD Direct Online System

Benefits

• Healthcare, dental, and vision insurance
• 401(k)/Roth retirement plan
• Paid time off
• Paid holidays

Job Summary

The DE Underwriter primarily reviews and analyzes residential mortgage loan applications, including government and conventional loans. This role involves evaluating third-party reports such as credit reports and appraisals, calculating income, reviewing asset documentation, and following up on outstanding loan conditions to clear files for closing while ensuring compliance with applicable lending regulations.