Mortgage Underwriter

About this role

• **Job Type** ------------ **General Description** ----------------------- Approves or denies mortgage loans in compliance with investors and regulation agencies parameters.
• Review and analyze risks of loan applications to determine a final decision.
• **Essential Duties and Responsibilities** ----------------------------------------- Reviews and evaluates information on mortgage loan documents to determine if buyer, property, and loan conditions meet establishment and government standards.
• Determines terms and acceptability of risk of prospective clients.
• Approves or rejects loan application, or requests additional information.
• Records loan rejections, specifying investor and institution guidelines and basis for declining application, such as insufficient cash reserves.
• Assembles documents in loan files, including acceptance or denial, and returns files to originating mortgage loan office.
• Supervisory Responsibilities: This job has no supervisory responsibilities.
• **Education** ------------- Bachelor's Degree in Business Administration **Experience** -------------- Three to five years related experience.
• **Certifications / Licenses** ----------------------------- No certifications or license needed.
• **Other Qualifications** ------------------------ * Strong knowledge of mortgage underwriting principles, credit analysis, and loan documentation.
• * Ability to analyze income, assets, liabilities, credit history, and overall borrower risk.
• * Knowledge of applicable mortgage lending guidelines, policies, and regulatory requirements.
• * Strong analytical, problem-solving, and decision-making skills.
• * Excellent attention to detail and accuracy when reviewing financial and loan documentation.
• * Ability to interpret financial information and identify potential credit or documentation risks.
• * Strong organizational and time-management skills, with the ability to manage multiple loan files and priorities.
• * Effective written and verbal communication skills.
• * Ability to work collaboratively with loan officers, processors, closing teams, and other stakeholders.
• * Proficiency with Microsoft Office applications, particularly Outlook, Word, and Excel.
• * Experience with mortgage loan origination systems, such as Encompass, preferred or required depending on the manager's expectation.
• * Ability to maintain confidentiality and exercise sound judgment when handling sensitive financial information.
• **Region Locations** -------------------- St.
• Croix **Work Schedule** ----------------- Monday through Friday, 8:00 a.m.
• to 5:00 p.m.
• **Values** ---------- 1.
• Build the Future **Additional Requirements** --------------------------- The information provided here is only a general guide as to the nature of the position and does not constitute an exact description of the goals, tasks, duties and responsibilities of the position.
• The specific details of each position are described in the employee's performance evaluation.
• **Important:** The candidate must provide evidence of academic preparation or courses related to the job posting, if necessary.
• Our hybrid work model benefit applies to certain positions and is subject to changes based on the organizational needs.
• Applicants must be authorized to work for any employer in the United States.
• This position is not open to applicants who need visa sponsorship or transfer of visa sponsorship at this time.
• ABOUT US Popular is Puerto Rico's leading financial institution and have been evolving since it was founded over a century ago.
• From a small bank it has developed into a large corporation that offer a wide variety of services and financial solutions to our customers, with presence in the United States, the Caribbean and Latin America.
• As employees, we are dedicated to making our customers dreams come true by offering financial solutions in each stage of their life.

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