Credit Underwriter

Credit Underwriter

Join a fast-paced mortgage underwriting team as a Credit Underwriter, issuing credit decisions and reviewing borrower profiles across Conventional and Jumbo loans. This project-based (Transactional Employee) role is ideal for experienced underwriters who enjoy variety, detailed loan analysis, and overtime opportunities.

What You'll Do

• Underwrite residential mortgage loans (Conventional, Prime, Full-Doc, Jumbo)
• Review credit reports, liabilities, judgments, and collections
• Analyze income (salaried, self-employed, investment, fixed income)
• Review appraisals and calculate LTV ratios
• Assess assets across all account types
• Identify potential fraud and evaluate overall loan risk
• Work within AUS systems (DU, LP, AssetWise, other LOS platforms)
• Meet daily production & quality goals, clearing conditions as needed
• Support flow-based teams handling high loan volume
• Typically reviewing 26 loans/day depending on complexity

Schedule & Pay

• Flexible start time: 79 AM EST
• Standard 8-hour day (Workday punch-in required)
• Breaks/lunch per state law
• Training: 9 AM5:30 PM EST for first 2 weeks (mandatory)
• Overtime at 1.5x when available
• Final rate may adjust slightly based on interview evaluation

Training & Performance Expectations

• 2-week systems training (not underwriting fundamentals)
• Must pass an exit exam (80%+) to continue
• First 90 days include high-volume practice, QC scorecards, and performance feedback
• Expected to underwrite a loan under 2 hours with 97% quality score

What You Need

• Strong background in residential mortgage underwriting
• Experience with Conventional/Jumbo loans & manual underwriting
• Proficiency with DU, LP, and other AUS/LOS systems
• Deep knowledge of industry guidelines (Fannie/Freddie), RESPA, TILA, ECOA, HVCC
• Strong analytical, communication, and organization skills
• Ability to thrive in a metric-driven, fast-paced environment
• MS Office proficiency

Education

• High school diploma or equivalent required
• Associate degree or equivalent mortgage experience preferred

Job Type & Location

This is a Permanent position based out of Chicago, IL.

Pay and Benefits

The pay range for this position is $66560.00 - $83200.00/yr.

TE Benefits

• Medical Plans - 2 different plans offered
• Goodpath - available at no cost if enrolled in a Covius medical health plan. Virtual care for pain, stress, sleep, etc.
• Health Savings Account - tax free savings account. Eligible if enrolled in a medical health plan
• Dental - 2 different plans offered
• Vision - one plan offered
• Life and Disability - company paid employee basic life and AD&D insurance. Can purchase supplemental life and/or AD&D coverage
• Supplemental Insurance - can purchase accident, hospital indemnity, and/or critical illness supplement insurance
• Medicare - free online resources for anyone who is Medicare-eligible
• Employee Assistance Program - 24/7 access to life assistance resources at no cost
• 401 (K) Retirement Savings - up to 3% company match, fully vested in company contributions after 1 year

Eligibility for TEs goes into effect on the 1st of the month after 30 days of hire (ex - hired 1/5/26 benefits would be eligible on 3/1/2026). Benefits do remain active for the entirety of the plan year even as volumes or projects fluctuate so TEs are still responsible for premiums while they are an active employee with us whether through recouping payments when they get reassigned to work or setting up payment through Benefits Team. They are required under ACA to qualify each plan year based on hours worked and must average 30+ hours during lookback period to qualify for the next plan year.

Workplace Type

This is a fully remote position.

Application Deadline

This position is anticipated to close on Jan 9, 2026.