Job Description

Mortgage Lending Underwriter – Residential Loans (Non-QM & Jumbo)

Kirkland, WA

Bring your residential underwriting experience to a lender focused on residential and construction mortgages.

As a Mortgage Lending Underwriter, you will review complex mortgage applications submitted through internal and external channels. This role requires strong analytical expertise, attention to detail, and a solid understanding of credit risk and lending guidelines to make sound underwriting decisions.

Mortgage Lending Underwriter Responsibilities:

• File Triage: Scrub mortgage packages for completeness and quality, pulling insights from income docs, statements, and credit data.
• Credit Judgment: Weigh borrower strength, deal context, and capacity to repay to form a clear go/no-go view.
• Policy Alignment: Keep decisions inside house credit guardrails, investor expectations, and applicable regs.
• Decision Messaging: Deliver outcomes and rationale to origination and ops so everyone knows the “why” and next steps.
• Valuation & Collateral Check: Validate property reports and supporting materials against program criteria and valuation logic.
• Disposition Calls: Greenlight, rework, or decline based on quantified risk and compensating factors.
• Market & Rule Tracking: Monitor shifts in underwriting norms, product overlays, and regulatory updates; adjust practices accordingly.
• Exit Financing Matchmaking: Pair eligible files with the right permanent/agency programs to ensure a viable take-out.
• Workflow Partnering: Coordinate with internal counterparts to keep files moving and cut cycle time.

Mortgage Lending Underwriter Qualifications:

• At least 8 years of experience in mortgage underwriting (including conventional, non-QM, and construction loans)
• Bachelor’s degree or equivalent experience in finance or related field
• Strong knowledge of underwriting principles, risk assessment, and industry regulations
• Experience with Encompass and must have manual underwriting experience
• Excellent analytical, communication, and problem-solving skills
• Detail-oriented with the ability to meet deadlines under pressure

Company Benefits:

• Medical, Dental, and Vision Insurance
• Annual bonus
• 401k with a 3% match

Compensation : $85k-$110k

Job Tags

Similar Jobs