Mortgage Loan Underwriter

🔥 0 minutes ago

❄️ Minnesota – Remote

❄️ Minnesota – Remote

💵 $90k - $100k / year

⏰ Full Time

🟡 Mid-level

🟠 Senior

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Luminate Bank

WebsiteLinkedInAll Job Openings

501 - 1000 employees

Founded 1937

🏦 Banking

💳 Fintech

Banking • Fintech

Luminate Bank is a regional consumer- and business-focused bank headquartered in Minneapolis that provides a full range of retail and commercial banking services. It offers personal accounts (checking, savings, CDs, HSAs), business banking and treasury management, full-service mortgage and home lending (conventional, FHA, VA, jumbo, construction, renovation, reverse, refinance), title & escrow, and credit card products. The bank emphasizes digital banking tools — a mobile app, online banking, digital wallet integrations, Zelle®, and financial planning resources — while highlighting local support, community impact, and resources for first-time homebuyers and small businesses.

📋 Description

• Review mortgage loan applications and supporting documentation (credit reports, income documents, appraisals, etc.) to assess borrower qualifications. • Evaluate loans according to company, investor (Fannie Mae, Freddie Mac), and regulatory guidelines. • Analyze risk factors and ensure loans meet product and compliance requirements. • Render loan decisions (approve, suspend, or deny) and provide detailed conditions and rationale. • Maintain thorough and accurate documentation in loan files and LOS (Loan Origination System). • Communicate underwriting decisions and conditions clearly to processors, loan officers, and other stakeholders. • Stay updated on investor guidelines, industry trends, and regulatory changes (e.g., TRID, ATR/QM, HMDA). • Work collaboratively with processing and closing departments to resolve issues and ensure timely closings.

🎯 Requirements

• Strong understanding of mortgage underwriting guidelines (Fannie Mae, Freddie Mac, FHA, VA, USDA, Jumbo) • FHA, VHA and or jumbo experience required • High attention to detail and accuracy • Strong analytical and decision-making skills • Proficient in LOS systems (e.g., Encompass, Blend) and Microsoft Office Suite • Effective verbal and written communication skills • Ability to work independently in a deadline-driven environment.

🏖️ Benefits

• Competitive compensation reliant on ability and experience • Excellent benefits package including health, pre tax HSA, FSA accounts and dental & vision • Life and AD&D Insurance, as well as additional voluntary benefit possibilities • 401K with robust company match • Flexible PTO program • Earned Sick & Safe Time (ESST)