Residential Mortgage Loan Underwriter

Overview

Underwrite residential mortgage loan files and work with engineering and product teams to turn real-world underwriting decisions into AI logic for mortgage underwriting.

What you'll do

• Underwrite residential mortgage loan files (purchase, rate-term refinance, cash-out refinance) per Fannie Mae DU and Freddie Mac LP guidelines.
• Document underwriting rationale, risk profiles, and exception handling.
• Deconstruct end-to-end underwriting workflows, from borrower qualification and income/asset verification to AUS findings and final approval.
• Identify critical decision points and edge cases crucial for AI modeling.
• Blind-test AI-generated underwriting recommendations against manual assessments.
• Provide granular feedback to engineering teams to fine-tune decision rules and confidence thresholds.
• Create clear, actionable guides on complex topics (e.g., compensating factors, manual AUS overrides, GSE compliance).
• Host virtual workshops or Q&A sessions to transfer domain knowledge to cross-functional teams.

What you'll need

• 4–10 years in residential mortgage underwriting at a senior or specialist level.
• Deep, hands-on knowledge of Fannie Mae DU and/or Freddie Mac LP guidelines.
• Proven ability to assess borrower credit, income, assets, and collateral with accuracy and consistency.
• Exceptional verbal and written skills to articulate underwriting logic and decision processes.
• Comfortable in an iterative environment, providing structured feedback to product and engineering teams.

Nice to have

• Experience at large retail or independent mortgage lenders (e.g., Wells Fargo, Rocket Mortgage, Chase).
• Background in manual underwriting, AUS overrides, or secondary market delivery.
• Familiarity with post-closing QC, servicing reviews, and secondary market delivery processes.
• Prior involvement in technology or automation initiatives within mortgage operations.