Mortgage Underwriter II
$53,744–$88,290 year
On-site · Philadelphia, Pennsylvania, United States or Bryn Mawr Allegheny County, Pennsylvania, United States
Job Summary
Underwriter II for residential mortgages at WSFS Bank, responsible for underwriting conventional, FHA, VA, and government loan products in line with agency guidelines and internal policies. Key duties include calculating income, DTI, and other qualifying ratios; evaluating loan applications; making final decisions or recommendations; ensuring compliance with TRID, RESPA, TILA, QM/ATR, and other regulations; supporting post-closing audits; mentoring junior underwriters; coordinating with Processing and Originations to meet closing deadlines; maintaining thorough underwriting notes in the LOS (Encompass); and contributing to loan quality and pipeline management. Requires 4-8+ years of underwriting experience, knowledge of DU/LP and AUS systems, and a Bachelor’s degree preferred. Salary ranges from $53,744 to $88,290.50 depending on experience and location.
Required Qualifications
- Bachelor’s degree in finance, business, or a related field preferred
- 4-8+ years of underwriting experience
- Thorough knowledge of DU/LP, AUS systems, and manual underwriting procedures
- Proficient in Loan Origination Systems (e.g., Encompass) and Microsoft Office Suite
- Experience with Jumbo (QM and non-QM), and Government (FHA, VA, USDA) products
- FHA Direct Endorsement Preferred
- Ability to underwrite at least 1.5+ loans per day
- Proven ability to manage an underwriting pipeline of 30-35 loans
- Strong communication and analytical skills
- Authorized to work in the United States without need for visa sponsorship now or in the future
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