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Atlantic Union Bank - Home Loans Division
Reston, VA, United States
30+ days ago
Atlantic Union Bank - Home Loans Division
Reston, Virginia, United States
30+ days ago


Atlantic Union Bank - Home Loans Division

Mortgage Underwriter - Reston, VA OR Remote within bank footprint

Please apply at to Req. MTGUN03870.

Position Description:

The Mortgage Underwriter is responsible for performing a detailed review and credit analysis of residential mortgage loans to ensure the loans meet underwriting guidelines. Underwriting authority is set by the Underwriting Manager.

Position Accountabilities:

  • Perform a detailed underwriting analysis for both credit and documentation deficiencies and determine the marketability of each loan; including income and asset calculations, employment history, credit score eligibility, qualifying ratios, etc.
  • Evaluate the collateral for residential mortgage loans to ensure an investment quality loan product.
  • Ensure compliance with FNMA, FHLMC, FHA, VA, USDA, underwriting and mortgage lending regulations including RESPA, ECOA, FDPA, HMDA, CRA and Truth-in-Lending guidelines.
  • Proactively communicate loan status with loan originator and Processor throughout the process; respond to questions in a timely manner and notify all parties when additional information is needed.
  • Maintain a productivity level of 4+ submission reviews per day.
  • Maintain turn time within the company target of a 48-hour for initial submission review and 24-hour for resubmittal review.
  • Ensure a consistent and proactive approach to condition clearing to increase pull through percentage and decrease overall cycle time.
  • Be available to processors and correspondents for general guideline interpretations and questions on specific loan files.
  • Provide guidance and training to less experienced personnel.
  • Provide quality control responses in a timely manner.
  • Prepare files for submission to MI companies as needed.
  • Maintain thorough knowledge of documentation required to meet investor underwriting and compliance requirements.
  • Other duties as assigned.

Organizational Relationship:

This position reports to the Manager – Mortgage Underwriting.


Position Qualifications:

Education & Experience

  • Bachelor’s degree in related field or equivalent professional experience.
  • Minimum 2 year underwriting experience

Knowledge & Skills

  • Strong attention to detail
  • High degree of professionalism
  • Excellent interpersonal, communication, and organization skills
  • Ability to handle multiple tasks
  • Flexible, able to adapt to change
  • Advanced math and moderate accounting skills
  • Moderate computer skills relevant to Microsoft Office Suites
  • Working knowledge of FHLMC, FNMA, documentation guidelines and mortgage lending regulations including Truth-in-Lending, RESPA, ECOA, FDPA, HMDA and CRA.
  • Ability to grasp concepts quickly, make sound decisions and be able to communicate effectively with investors and branch personnel.
  • Advanced written, oral, and interpersonal communication skills with ability to explain complex calculations, documentation and loan closing requirements.
  • Ability to effectively perform multiple tasks under aggressive time constraints.

We are proud to be an EEO/AA employer, Minority/Female/Disability/Veteran. We maintain a drug-free workplace.

Job Information

  • Job ID: 54471458
  • Location:
    Reston, Virginia, United States
  • Position Title: Mortgage Underwriter
  • Company Name: Atlantic Union Bank - Home Loans Division
  • Industry: Banking Jobs
  • Job Function: underwriter
  • Job Type: Full-Time
  • Job Duration: Indefinite
  • Min Education: H.S. Diploma/Equivalent
  • Min Experience: 1-2 Years
  • Required Travel: None
  • Salary: $65,000.00 - $93,000.00 (Yearly Salary)
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