[Hiring] Condo Underwriter @Zions Bancorporation

Role Description

The Condo Underwriter is responsible for the end-to-end evaluation, approval, and management of condominium project eligibility for residential mortgage lending. This specialized role serves as the organization's primary subject matter expert for condominium project reviews and owns the complete condominium eligibility process from initial project research through final project approval, documentation, and certification.

The Condo Underwriter evaluates condominium projects and related collateral risks to determine whether units within a project are eligible for mortgage financing under applicable agency, investor, and portfolio requirements. Responsibilities include:

• Project review
• Insurance analysis
• Eligibility issue resolution
• Certifications
• Condition management
• Maintenance of project approval records

This position does not underwrite credit, income, assets, or overall loan eligibility. The role is exclusively responsible for the eligibility determinations of condominium projects.

Qualifications

• High school diploma or equivalent required.
• Minimum five (5) years of experience in condominium project review, performing Fannie Mae and Freddie Mac condominium project reviews.
• Strong knowledge of condominium project eligibility requirements, mortgage lending guidelines, and applicable agency, investor, portfolio, and internal condominium project standards.
• Experience reviewing and analyzing condominium association budgets, financial statements, reserve studies, insurance policies, governing documents, and other complex legal, financial, insurance, and governance documentation to determine project eligibility and risk.
• Experience with Encompass, Condo Project Advisor, Condo Project Manager, and similar condominium review platforms.
• Strong analytical, organizational, and problem-solving skills.
• Excellent written and verbal communication skills.
• Ability to independently manage a workload while maintaining quality and accuracy.

Requirements

• Experience performing FHA and VA condominium project reviews.

Benefits

• Medical, Dental and Vision Insurance - START DAY ONE!
• Life and Disability Insurance, Paid Parental Leave and Adoption Assistance
• Salary Range: $36.05 hr. to $43.25 hr. ($75K to $90K) depending on experience
• Health Savings (HSA), Flexible Spending (FSA) and dependent care accounts
• Paid Training, Paid Time Off (PTO) and 11 Paid Federal Holidays
• 401(k) plan with company match, Profit Sharing, competitive compensation in line with work experience
• Mental health benefits including coaching and therapy sessions
• Tuition Reimbursement for qualifying employees
• Employee Ambassador preferred banking products
• Employees may, at the company’s discretion, be eligible to receive a cash bonus award