About the position
At NewFed Mortgage, we believe that buying a home should be empowering — not overwhelming. Our mission is to provide a streamlined, transparent mortgage experience, backed by a team that truly cares. We foster a culture of integrity, collaboration, accountability, and continuous improvement, and we know that delivering on that mission begins with having skilled professionals in key roles. As a Mortgage Underwriter, you’ll play a critical part in maintaining loan quality, ensuring compliance, and supporting our sales and operations teams. You’ll review and underwrite Conventional, FHA, and VA loans and, ideally, bring experience with a broader range of products including USDA, Bond/HFA, Jumbo/Non-Agency, or Non-QM loans. In this fully remote role, you’ll be responsible for clear communication, timely decision-making, and a thorough, guideline-driven review process that keeps loans moving forward without compromising quality.
Responsibilities
• Underwrite new loans and generate conditions in alignment with NewFed’s service-level standards.
• Evaluate borrower qualifications and loan documentation for completeness, accuracy, and compliance with investor, agency, and company guidelines.
• Underwrite FHA, VA, and Conventional loans; experience with USDA, Bond/HFA, Jumbo, or Non-QM programs is a plus.
• Communicate loan decisions, underwriting conditions, and guidance clearly and professionally with processors and loan officers.
• Maintain up-to-date knowledge of agency and investor guidelines, overlays, company products, and risk assessment tools.
• Review credit reports, income documentation, asset statements, preliminary reports, judgements, bankruptcy documents, appraisals, title work, and legal disclosures.
• Demonstrate proficiency in manual underwriting practices and in assessing complex borrower scenarios.
• Partner with Quality Control, Compliance, Post-Closing, and Funding to resolve issues and ensure final file quality.
• Finalize underwriting decisions by documenting approvals and uploading all necessary documents into the LOS (Encompass).
• Participate in risk mitigation by staying current on fraud prevention tools, industry trends, and secondary market developments.
• Foster a collaborative and respectful working relationship with sales, operations, and management teams.
Requirements
• High school diploma or equivalent.
• 5+ years of mortgage underwriting experience required, ideally in a purchase-focused, retail lending environment.
• 5+ years of credit and appraisal experience covering FHA, VA and Conventional Loan Programs required.
• FHA DE required; VA LAPP/SAR preferred.
• Deep understanding of agency/investor guidelines, compliance standards, and fraud prevention tools.
• Strong technical proficiency with Encompass LOS and other mortgage banking software preferred.
• Technical proficiency with the Microsoft Office Suite.
• Excellent analytical, critical thinking, and decision-making skills.
• Effective communication skills with a customer-first mindset.
• Strong attention to detail and organizational skills, with the ability to prioritize in a fast-paced, deadline-driven environment.
• Demonstrated ability to manage cross-functional relationships and contribute to a positive, solutions-oriented culture.
Nice-to-haves
• Experience in underwriting for a broad range of products, including Non-QM, USDA, and state housing/bond programs, is highly preferred.
Benefits
• Full-time employees are eligible to participate in NewFed’s benefits package and 401(k) plan on the first of the month following 30 days of employment.
• Includes vacation, sick, personal time, and company holidays to support a healthy work-life balance.
• Includes a company match to support long-term financial goals.
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