Mortgage Underwriter
U.S. Bank, California, MO, United States
Job Overview
Responsible for analyzing and evaluating residential loan applications originated by U.S. Bank branch offices to maximize credit quality and minimize risk and potential loss. Develops and maintains a loan underwriting portfolio consistent with the bank's credit guidelines and investor or insurer standards, approving and/or denying loans within specified limits.
Responsibilities • Gathers, analyzes, and interprets all types of credit information for current and prospective retail banking customers. • Approves and denies loans within certain limits and determines credit structure and loan eligibility decisions. • Maintains compliance with industry and business unit standards and institutional policies.
Basic Qualifications
Bachelor's degree or equivalent work experience.
Five or more years of mortgage underwriting experience.
Preferred Skills / Experience
Advanced understanding of factors affecting real estate values and credit analysis.
Strong mathematical skills.
Proficient computer navigation skills.
Excellent verbal and written communication skills.
Experience with FHA, VA, HUD, Portfolio/Non‑QM, and Jumbo loans.
FHA Direct Endorsement Underwriting designation.
VA Staff Appraisal Reviewer (SAR) designation.
Schedule requires working in Pacific Standard Time zone.
Benefits
Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short‑term and long‑term disability
Pregnancy disability and parental leave
401(k) and employer‑funded retirement plan
Paid vacation (2–5 weeks based on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Accrued sick and safe leave of one hour for every 30 hours worked, up to 80 hours per calendar year unless otherwise provided by law
Legal and Policy Statements U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, or veteran status and other factors protected under applicable law.
U.S. Bank participates in the U.S. Department of Homeland Security E‑Verify program and conducts background checks consistent with applicable local and federal regulations.
Applicants must comply with U.S. Bank policies and procedures, including the Code of Ethics and Business Conduct, and related workplace conduct and safety policies.
Salary Pay Range: $32.16 - $42.88 per year, based on primary location. Total compensation includes incentives, recognition programs, equity stock purchase, 401(k) contribution, and pension, subject to eligibility.
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Responsibilities • Gathers, analyzes, and interprets all types of credit information for current and prospective retail banking customers. • Approves and denies loans within certain limits and determines credit structure and loan eligibility decisions. • Maintains compliance with industry and business unit standards and institutional policies.
Basic Qualifications
Bachelor's degree or equivalent work experience.
Five or more years of mortgage underwriting experience.
Preferred Skills / Experience
Advanced understanding of factors affecting real estate values and credit analysis.
Strong mathematical skills.
Proficient computer navigation skills.
Excellent verbal and written communication skills.
Experience with FHA, VA, HUD, Portfolio/Non‑QM, and Jumbo loans.
FHA Direct Endorsement Underwriting designation.
VA Staff Appraisal Reviewer (SAR) designation.
Schedule requires working in Pacific Standard Time zone.
Benefits
Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short‑term and long‑term disability
Pregnancy disability and parental leave
401(k) and employer‑funded retirement plan
Paid vacation (2–5 weeks based on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Accrued sick and safe leave of one hour for every 30 hours worked, up to 80 hours per calendar year unless otherwise provided by law
Legal and Policy Statements U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, or veteran status and other factors protected under applicable law.
U.S. Bank participates in the U.S. Department of Homeland Security E‑Verify program and conducts background checks consistent with applicable local and federal regulations.
Applicants must comply with U.S. Bank policies and procedures, including the Code of Ethics and Business Conduct, and related workplace conduct and safety policies.
Salary Pay Range: $32.16 - $42.88 per year, based on primary location. Total compensation includes incentives, recognition programs, equity stock purchase, 401(k) contribution, and pension, subject to eligibility.
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