FHA/ 203-K FHA Underwriter
New
E
EPMMortgage Lending
RemoteFull-TimeMiddle
Salary not disclosed
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Job Details
- Experience
- 5+ years of mortgage underwriting or mortgage lending experience
- Required Skills
- Microsoft Office
Requirements
- 5+ years of mortgage underwriting or mortgage lending experience
- 2+ years of FHA 203(k) underwriting experience required
- Active DE/CHUMS certification required
- Minimum 2 years of manual underwriting experience
- Recent wholesale underwriting experience required
- Strong knowledge of FHA 203(k) Standard and Limited renovation guidelines
- Strong understanding of FHA requirements related to renovation costs, contractor documentation, rehabilitation plans, contingency reserves, permits, inspections, and after-improved value
- Working knowledge of FHA, conventional, VA, USDA, and Non-QM loan products
- Working knowledge of federal mortgage regulations, including RESPA, TILA, Dodd-Frank, and investor guidelines
- Proficiency with automated underwriting systems, Encompass (preferred), and Microsoft Office
- High school diploma required; college degree preferred
Responsibilities
- Independently underwrite FHA 203(k) renovation loans, including both Standard and Limited 203(k) products
- Review and analyze credit, income, assets, collateral, and supporting documentation to determine borrower eligibility and overall loan risk through both AUS and manual underwriting
- Evaluate renovation plans, contractor documentation, bids, cost estimates, work write-ups, and project-related documentation to ensure compliance with FHA 203(k) requirements
- Review appraisals, including the after-improved value, to ensure the proposed loan amount and renovation costs are supported
- Ensure loan files meet HUD, FHA 203(k), investor, regulatory, and internal guidelines and overlays
- Request and evaluate additional documentation as needed to make accurate and well-supported underwriting decisions
- Approve or deny mortgage loans while clearly documenting the rationale for each decision
- Review renovation-related conditions and ensure all required documentation is received and properly evaluated prior to final approval
- Communicate underwriting decisions, conditions, and renovation requirements to loan officers and internal partners
- Collaborate with operations teams, clients, brokers, contractors, and other stakeholders to ensure timely and accurate loan processing
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