Underwriter III -Government-

Description

Position: Underwriter III 

Department: Underwriting 

Reports To: Underwriter Manager 

Location: 7450 Campus Drive, Suite 200, Colorado Springs, CO 80920  

Remote: ​☒​  YES or ​☐​  NO 

Exempt: ​☒​  Non-exempt: ​☐​ 

Compensation & Benefits: $ 90,000-100,000 annually plus bonus

Mortgage Solutions of Colorado, LLC d/b/a Mortgage Solutions Financial (“MSF”) offers a comprehensive benefit package and PTO (paid time off) for eligible employees. The benefit package includes Health, Dental and Vision Insurance, options to participate in a Health Savings Account, Flexible Spending Account, Health Reimbursement Arrangement, Life and AD&D coverage, voluntary Supplemental Life, voluntary Short-Term, Long-Term Disability and Supplemental insurance. In addition, eligible employees have the option to participate in a company retirement plan.  

About MSF 

MSF is a national mortgage lender based in Colorado Springs. MSF strongly believes every client should be served with integrity, dignity, and respect. Without compromise, MSF is committed to providing loans that are in the best interest of our clients, not our bottom line. We will continue to educate the community by empowering our clients to make responsible and informed fiscal decisions that result in greater financial peace of mind. 

Role Overview 

To effectively and accurately review and evaluate information regarding mortgage loan documentation to determine if the borrower and/or property meet loan standards. Someone who believes in superior customer service and enjoys working in a high production team environment where integrity and honesty is paramount. Candidates should be prepared for a high-pressure environment that may require extended hours, including evenings and weekends, particularly during peak periods (example but not limited to: end of month, spring/summer). Success in this role demands strong time management, resilience under stress, and a commitment to delivering high-quality results under demanding timelines. What distinguishes MSF from other lenders is our commitment to supporting borrowers who may have been declined elsewhere, often due to low credit scores. To ensure these individuals still have access to the opportunity of homeownership, we manually underwrite approximately 70% of our loans. 

Essential Duties: In addition to related job duties as assigned, this position will: 

• Complete a thorough analysis of loan files to determine compliance with company, investor, and government guidelines and standards   

• Evaluate the entire credit package and collateral for residential mortgage loans and ultimately ensure an "investor" quality loan product   

• Provide superior customer service to internal and external customers   

• Communicate decision (approval, suspense, denial) on loans to appropriate parties both verbally and in writing.   

• Be available to processors and loan officers for general guideline interpretations and questions on specific loan files   

• Continually exhibit an understanding of automated underwriting and guidelines    

• Check accuracy of all calculations  

• Meet or exceed productions goals while maintaining quality requirements  

• Perform other duties as assigned 

• Maintain regular, reliable and predictable attendance. 

• Work extended hours, including evenings and weekends, to ensure timely loan closings and meet Service Level Agreements. 

• Demonstrate resilience and adaptability while navigating tight deadlines and a high-pressure work environment while consistently managing a demanding workload. 

Qualifications

Qualifications, Experience & Knowledge 

• Senior level Underwriter with a minimum 5 years’ experience underwriting DPA products and manually approved government loans  

• Extensive experience underwriting VA and FHA, USDA experience also preferred  

• DE, LAPP and SAR certifications required  

• Knowledgeable in investor overlay and researching such guidelines  

• Excellent appraisal analysis skills  

• Knowledge of current HUD and investor guidelines  

• Must be able to prioritize files throughout the day to accommodate CTC files  

• Handle exception items/files and resolve complex issues  

• Experience and complete knowledge of FHA/VA lending guidelines preferred  

• Understands how FHA/VA guidelines relate to internal and investor guidelines preferred  

• Excellent written and verbal communication skills  

• Attention to detail required  

• Strong time management and organizational skills  

• A team player, ability to work independently  

• Thrive in a fast paced, high production environment  

• Readily embraces change  

• Excellent analytical and decision-making skills  

• Experience with Microsoft Office products, Byte experience ideal  

Physical Requirements  

• Occasional movement about inside the office to access files, walk to offices, or utilize office machinery (e.g., printer, scanner).  

• Occasional lifting and carrying of lightweight items, such as file boxes or office supplies, up to 10 pounds. This may involve bending, pushing, pulling, or twisting as necessary.  

• This role requires remaining in a stationary position for prolonged periods (e.g., at a desk, working on a computer). 

• Requires consistent visual focus and mental concentration for extended durations to review complex loan documentation, analyze data, and perform detailed manual underwriting. This includes the ability to discern fine print and details on electronic and paper documents. 

• Frequent use of hands and fingers for typing, data entry, and operating standard office equipment (e.g., computer, keyboard, mouse, phone). 

• Ability to frequently communicate verbally and in writing, both in person and over the phone, with internal and external parties. This requires clear articulation and the ability to listen and comprehend information accurately, even under pressure. 

• Maintaining mental stamina and focus for extended periods, including during peak production times and when working extended hours. The ability to concentrate and make critical decisions accurately, even when fatigued, is paramount. 

• The ability to maintain physical and mental composure in a high-stress, fast-paced environment with demanding deadlines. 

• While not a direct physical requirement, the role demands significant mental resilience, which impacts physical well-being. The ability to manage stress effectively to prevent its physical manifestations (e.g., fatigue, headaches, reduced concentration) is critical for sustained performance. 

MSF is an equal opportunity employer. All candidates for employment are considered equally and no distinction is made on the basis of race, color, national origin, age, religion, disability, sex, sexual orientation, gender identity, gender expression, marital status, genetic information, or veteran status.  MSF is also committed to providing qualified applicants and employees reasonable accommodation, when necessary, to enable the individuals to complete the application process and/or perform the essential functions of the job. An applicant and/or employee requiring reasonable accommodation to perform any essential job function, should contact Human Resources