Mortgage Underwriter jobs in New Mexico
Recently Added Mortgage Underwriter jobs
Sr. Underwriter
- Arch Mortgage Insurance Company (Arch MI)
-
Cannon, NM
FULL_TIME
-
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.
- Please note that this role is remote but is West Coast hours.
The Sr. Underwriter approves or denies mortgage insurance coverage on the most complex and specialized loans based on a comprehensive evaluation of risk factors associated with loan, borrower, and property eligibility. They maintain compliance with applicable policies and guidelines to ensure the overall quality of the loan, while providing exceptional customer service to clients. They also participates in special projects/assignments. The incumbent operates independently under minimal supervision and trains and mentors less experienced staff; seeking advice from management on only the most complex situations.- Underwrites standard, complex and specialized loan submissions (e.g. high balance loans, non-conforming jumbo loans, etc.) and ensures eligibility, accuracy, completeness, and compliance with company, GSE, and regulatory policies/guidelines to minimize risk factors.
- Evaluates creditworthiness and financial strength of the borrower to determine degree of credit risk and assesses loan level eligibility. Reviews and analyzes loan application, credit report, liabilities, assets, and income. Identifies and works to resolve red flags and inconsistencies.
- Assesses property data to ensure the collateral is acceptable to company and GSE guidelines. Reviews property appraisal for accuracy and consistency to ensure it provides a reasonable determination of property value. Identifies inconsistencies within the appraisal report.
- Determines whether to approve or deny insurance coverage based on the evaluation of key risk factors and interpretation of applicable guidelines, within authority limit. Explains rates, terms of coverage, and applicable policies/guidelines, and issues certificates of insurance.
- Establishes and maintains exceptional level of customer service through regular communication and status updates. Negotiates and resolves customer conflicts.
- Monitors the Arch MI Answer Center and responds to all underwriting related inquiries in a timely manner, conducting research if necessary and providing accurate information.
- Obtains all required documentation and completes loan information within the system. Reviews and signs off on loan file conditions within authority level and conducts additional research and analysis if necessary.
- Trains, coaches, and mentors new and less experienced staff. May review work of other staff and serve as a point of escalation.
- Monitors real estate/economic conditions and maintains market awareness. Participates on task forces and works on special projects/assignments focused on process and quality improvement.
- Maintains current knowledge of, and accurately applies GSE and Arch MI product guidelines in the analysis of submitted loan files.
- Adheres to performance standards for productivity, quality, turnaround time, and data accuracy.
- Comprehensive knowledge of mortgage industry and advanced understanding of core underwriting principles, concepts, practices, and techniques. Very strong knowledge of Fannie Mae and Freddie Mac underwriting guidelines.
- Experience with Encompass as LOS is highly preferred.
- Experience in compliance underwriting for construction loans is preferred but not required.
- Advanced analytical, problem solving, and decision-making skills to assess degree of risk and make independent judgments on complex loans.
- High degree of accuracy and attention to detail.
- Strong customer service orientation and interpersonal skills, with the ability to proactively resolve customer issues.
- Highly effective written and oral communication skills with the ability to negotiate and handle sensitive situations.
- Excellent organization skills with the ability to multi-task, meet deadlines, and lead the team to accomplish results.
- Ability to perform standard underwriting calculations.
- Proficient with MS Office and underwriting system applications.
- Required knowledge and skills would typically be acquired through high school diploma/GED plus some college business courses with 7-10 years related experience in the mortgage lending industry. Bachelors or Associates degree highly preferred.
$68,300.00 - $102,500.00/year- Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above range may be modified in the future
- Click here to learn more on available benefits
- Please note that this role is remote but is West Coast hours.
- 10 Days Ago
Mortgage Loan Underwriter
- First American Bank
-
Las Cruces, NM
FULL_TIME
- Summary: Review, evaluate, and recommend approval or denial of mortgage loans and ensure applications meet established company policy and federal/state regulations prior to closing. Responsibilities: ...
- 25 Days Ago
Mortgage Loan Originator
- Jet Direct Mortgage
-
Albuquerque, NM
FULL_TIME
- MORTGAGE LOAN ORIGINATOR All Mortgage Lenders talk about their competitive compensation, quick turn times, in house products, etc. Sure we all have those, but why focus on the things that are a given ...
- Just Posted
Mortgage Loan Originator
- Jet Direct Mortgage
-
Santa Fe, NM
FULL_TIME
- MORTGAGE LOAN ORIGINATOR All Mortgage Lenders talk about their competitive compensation, quick turn times, in house products, etc. Sure we all have those, but why focus on the things that are a given ...
- 1 Day Ago
Mortgage Branch Manager Producing
- Castle & Cooke Mortgage
-
Albuquerque, NM
FULL_TIME
- Ready to Take Your Mortgage Lending Career to New Heights? At Castle & Cooke Mortgage, where we're not just building strong futures for our clients but empowering YOU to thrive and grow your business ...
- 14 Days Ago
Mortgage Loan Officer
- Motto Mortgage First Class
-
Rio Rancho, NM
FULL_TIME
- ```Overview:We are seeking a highly motivated and experienced Loan Officer to join our team. As a Loan Officer, you will be responsible for assisting clients in obtaining loans for various purposes. T...
- 23 Days Ago
Mortgage Underwriter jobs at Popular Companies
Mortgage Underwriter
- Pinnacle Group, Inc.
-
West Des Moines, IA
- Position: Mortgage Underwriter Work Location: Remote (but should be available for onsite training) Duration: Long Term E...
- 6/10/2024 12:00:00 AM
Mortgage Underwriter
- Hunt Mortgage
-
Buffalo, NY
- We are seeking an experienced Mortgage Underwriter with proficiency in both conventional and government loan programs. T...
- 6/10/2024 12:00:00 AM
Senior Mortgage Underwriter
- Farmers Bank of Kansas City
-
Overland Park, KS
- SENIOR MORTGAGE UNDERWRITER Farmers Bank of Kansas City is growing and in need a highly motivated, experienced Sr. Under...
- 6/10/2024 12:00:00 AM
Mortgage Underwriter
- SolomonEdwards
-
- Position Summary The Mortgage Fulfillment Underwriter ensures that the assets reviewed meet all applicable investor guid...
- 6/9/2024 12:00:00 AM
Senior Mortgage Underwriter
- First Citizens Bank
-
Columbia, SC
- Overview: This position assesses the Bank's financial risk on potential borrowers applying for mortgage loans at a high ...
- 6/9/2024 12:00:00 AM
Mortgage Underwriter ( Hybrid)
- Digital Risk
-
Maitland, FL
- Mphasis Digital Risk is a one stop shop for Mortgage Solutions offering cutting-edge technology tailored to deliver high...
- 6/7/2024 12:00:00 AM
Mortgage Underwriting Supervisor
- NVR Inc
-
Myrtle Beach, SC
- Are you looking for a leadership role within underwriting services? Do you want to work for an established company with ...
- 6/7/2024 12:00:00 AM
Senior Mortgage Underwriter
- First Citizens Bank
-
Columbia, SC
- Overview: This position assesses the Bank's financial risk on potential borrowers applying for mortgage loans at a high ...
- 5/21/2024 12:00:00 AM
About New Mexico
New Mexico (Spanish: Nuevo México Spanish pronunciation: [ˈnweβo ˈmexiko] (listen), Navajo: Yootó Hahoodzo pronounced [jòːtxó xɑ̀xʷòːtsò]) is a state in the Southwestern region of the United States of America; its capital and cultural center is Santa Fe, which was founded in 1610 as capital of Nuevo México (itself established as a province of New Spain in 1598), while its largest city is Albuquerque with its accompanying metropolitan area. It is one of the Mountain States and shares the Four Corners region with Utah, Colorado, and Arizona; its other neighboring states are Oklahoma to the north...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Mortgage Underwriter jobs
$59,938 to $80,677
Most Popular Cities in New Mexico for Mortgage Underwriter Jobs
What does a Mortgage Underwriter do?
Mortgage Underwriter
Planning/Organization – Ability to prioritize and plan work activities, use time efficiently and develop realistic action plans, work independently, and set expectations.
March 15, 2023
Mortgage Underwriter in Springfield, IL
Complete a thorough analysis of moderate to complex first- and second-lien loan packages to determine compliance with company and investor guidelines.
April 06, 2023
Mortgage Underwriter in Southfield, MI
Lead efforts to follow up and obtain items need to clear underwriting conditions.
May 09, 2023