Mortgage Underwriter

About the role

As a , you will play a crucial role in evaluating and approving mortgage applications, ensuring that they meet the company's underwriting standards and guidelines. You will work closely with loan officers and clients to assess financial information, analyze risk, and make informed decisions that align with SoFi's mission of providing accessible financial solutions. This position is based in Frisco, TX, and offers a competitive salary, along with opportunities for professional growth within a dynamic team environment.

Key facts

What you'll do

• Review and analyze mortgage applications, including credit reports, income documentation, and asset statements, to determine eligibility for loan approval.
• Assess borrower creditworthiness by evaluating credit history, debt-to-income ratios, and overall financial stability.
• Collaborate with loan officers to gather necessary documentation and clarify any discrepancies in the application process.
• SoFi's proprietary underwriting software to streamline the evaluation process and ensure compliance with company policies and industry regulations.
• Make informed decisions on loan approvals or denials based on established guidelines, while also providing clear explanations for decisions made.
• Communicate effectively with clients throughout the underwriting process, addressing any questions or concerns they may have regarding their applications.
• Maintain accurate records of all underwriting decisions, ensuring that documentation is complete and compliant with regulatory requirements.
• Stay updated on industry trends, regulatory changes, and best practices in mortgage underwriting to enhance your knowledge and skills.
• Participate in training sessions and workshops to continuously improve underwriting techniques and methodologies.
• Collaborate with cross-functional teams, including risk management and compliance, to ensure alignment with SoFi's overall business objectives.
• Assist in developing and refining underwriting policies and procedures to improve efficiency and effectiveness within the team.
• Provide mentorship and guidance to junior underwriters, fostering a collaborative and supportive team environment.

Requirements

• Bachelor's degree in finance, business, or a related field is preferred.
• A minimum of 3 years of experience in mortgage underwriting or a similar role within the financial services industry.
• Strong understanding of mortgage products, underwriting guidelines, and regulatory requirements.
• Proficient in using underwriting software and tools, with a solid grasp of Microsoft Office Suite.
• Excellent analytical skills with a keen attention to detail, enabling accurate assessment of financial documents.
• Strong communication skills, both written and verbal, to effectively interact with clients and team members.
• Ability to work independently and manage multiple tasks in a fast-paced environment.
• Proven problem-solving skills, with the ability to make sound decisions under pressure.
• Familiarity with risk assessment and management principles in the context of mortgage lending.

Nice to have

• Certification as a Mortgage Underwriter (e.g., from the Mortgage Bankers Association) is a plus.
• Experience with automated underwriting systems (AUS) such as Fannie Mae's Desktop Underwriter or Freddie Mac's Loan Product Advisor.
• Knowledge of various loan types, including conventional, FHA, VA, and jumbo loans.
• Previous experience in a customer-facing role, enhancing your ability to provide exceptional service to clients.

Skills & tools

• Proficient in underwriting software and tools, including automated systems for risk assessment.
• Strong analytical and quantitative skills, with the ability to interpret complex financial data.
• Excellent organizational skills to manage workloads and meet deadlines effectively.
• Strong interpersonal skills to foster positive relationships with clients and colleagues alike.

Practical notes

• This position is based in Frisco, TX, and may require occasional travel for training or team-building events.
• The salary will be competitive and commensurate with experience, with potential for bonuses based on performance.
• SoFi is committed to diversity and inclusion, encouraging applicants from all backgrounds to apply.
• The company offers a comprehensive benefits package, including health insurance, retirement plans, and professional development opportunities.

META

Company: SoFi

Title: Mortgage Underwriter

Listed

location: Frisco, TX

Apply URL: https://sofi.com/careers/job/7804726003?gh_jid=7804726003