[Hiring] Mortgage Underwriter @Capital Bank

Role Description

The Mortgage Loan Underwriter is responsible for evaluating and analyzing mortgage loan applications to determine the creditworthiness of borrowers and ensure compliance with federal, state, and company regulations. This role involves assessing financial documents, credit reports, property appraisals, and income information to make informed decisions on loan approvals, conditions, or denials. The underwriter ensures that each loan meets the bank’s risk standards while supporting a smooth and efficient loan origination process.

Qualifications

• High School Diploma or equivalent required
• Minimum of five years of experience underwriting agency mortgage loans
• Minimum of five years of experience underwriting secondary market guidelines
• Minimum of two years of experience with Jumbo and Non-Agency products
• FHA Direct Endorsement (CHUMS) designation required
• VA SAR/LAPP designation required
• USDA underwriting experience preferred
• Housing Finance Agency experience required (DC, DE, FL, VA, MD preferred)
• Bachelor’s degree preferred

Requirements

• Underwrite a minimum of three new loan files per day
• Review, analyze, and clear updated and conditioned loan files within required turn times
• Maintain CBHL-mandated turn times for new submissions, resubmissions, and condition reviews
• Monitor and respond to CSM scenarios within required timeframes
• Provide underwriting and eligibility support to other Capital Bank departments as needed
• Underwrite FHA, VA, USDA, Conventional, Non-Agency, and Jumbo loan products in accordance with company policy and investor overlays
• Perform new and established condominium project reviews, including warranty and eligibility determinations, in accordance with agency and investor guidelines
• Analyze loan documentation and data for accuracy, completeness, and overall soundness
• Identify and assess credit, income, asset, and collateral risk factors
• Review appraisals and collateral documentation, including condominium and PUD projects
• Support Loan Officers during the borrower qualification and structuring process
• Remain current on investor, agency, and regulatory guideline updates impacting underwriting and condominium project eligibility decisions

Benefits

• Base Salary Range: $80,000 - $105,000 annually / hourly
• This role will include a yearly annual target bonus based on individual performance
• This is a 100% remote role
• Comprehensive benefits package including Medical, Dental, Vision, Company Paid Life Insurance, Disability Insurance, and more
• Company Contributions to your 401k - Regardless of your contribution
• Employee Perks: Paid Parental Leave, Employee Recognition Program, Leadership Program, Tuition Reimbursement Program, Employee Bank Checking Account, and much more!
• Generous Paid Time Off and Paid Holidays - Including Paid Charity Hours to support volunteer opportunities