DE Mortgage Underwriter

Quontic, a growing federally chartered digital bank is currently seeking a qualified on-site DE Mortgage Underwriter to join our lending operations team in either Astoria or Melville, New York. The seasoned candidate we seek will make timely & accurate credit decisions & possess strong verbal & written communication skills. Candidates must have a thorough understanding of underwriting policies & procedures, as well as investor guidelines & regulatory updates including knowledge of FHA, VA, FNMA, & FMLMC guidelines.
Job Functions
  • Receive mortgage applications & underwrite applications as per designated limits;
  • Must analyze income & employment detail of the borrower to determine the ability of the borrower to repay the mortgage loan;
  • Evaluate asset documentation from which the applicant’s funds seem to be originating;
  • Review the borrower’s credit report & credit rating to determine the ability of the borrower to repay; the loan after analyzing the borrower’s prior payment history;
  • Review the appraisal & check if it has been valued properly to warrant the loan requested from the bank;
  • Candidates must have manual underwriting experience & be familiar with LP & DU underwriting & have a thorough knowledge of complex tax returns/financial statements;
  • Prepare FHA files for FHA insurance endorsement;
  • Respond to any & all FHA technical reviews;
  • Proficient knowledge of complex tax returns/financial statements;
  • Be available to processors & correspondents for general guideline interpretations & questions on specific loan files;
  • Proficient in all aspects of underwriting including property, credit, & income evaluation;
  • Work effectively with processing, funding, & sales managers to achieve goals & objectives.
Job Requirements
  • 5 years of underwriting experience required;
  • Must have current knowledge of TRID;
  • FHA DE approval from HUD preferred;
  • Proficient in all aspects of underwriting including property, credit & income evaluation;
  • Must have analytical & auditing skills as well as a firm grasp on math;
  • Must have knowledge pertaining to the regulations governing mortgage lending;
  • In depth understanding of FHA, FNMA, FHLMC requirements, policies, & guidelines;
  • Must have experience in automated underwriting systems & FHA systems;
  • Ability to work collaboratively with others in a fast paced, deadline driven environment;
  • Excellent computer skills, customer service & communication skills.
What We Offer
  • Competitive base salary and semi-annual bonus incentives;
  • Comprehensive benefits package;
  • Unlimited growth opportunity.
Apply Now!
Please send your qualified resume with detailed salary requirements, referencing the position for consideration to: [email protected]
Quontic Bank is an Equal Opportunity Employer.