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18 Feb 2023

Full-Time Mortgage Underwriter III – Al Wajh

Luxury Mortgage Corp – Posted by JobsTeam Al Wajh, Tabuk, Saudi Arabia

Job Description

You will be the financial expert who assesses the Company’s financial risk on a potential borrower and is ultimately responsible for approving or denying mortgage loans as a Mortgage Underwriter. Our Underwriters’ primary responsibility is to assist in the underwriting process so that business goods can continue to be produced in accordance with all applicable laws and company policies.

Job Title : Mortgage Underwriter III
Location : Al Wajh, Tabuk, Saudi Arabia
Salary : $ 28.51 per hour.
Company : Luxury Mortgage Corp
Job Type : Full-Time


  • While administrating and maintaining the Bank’s appraisal portal, communicate with appraisers on errors, updates, and extra information.
  • Determine the degree of risk throughout the loan application process, and underwrite the loan successfully using lending regulations and procedures to reduce the risk.
  • Demonstrate the ability to make independent conclusions about applicants’ creditworthiness based on established underwriting rules, Bank policies, processes, expertise, and experience.
  • Responsible for staying up to date on all state, municipal, and federal standards, including the Ability to Repay (ATR), Qualified Mortgage (QM), Real Estate Settlement Procedures Act (RESPA), Truth in Lending (TILA), and any other related mortgage lending rules.
  • Provide excellent internal and external customer service that satisfies individual needs and builds client loyalty.
  • FNMA, FHLMC, and FHLB are among the investors in the credit union with whom this person must keep up to date on all secondary market criteria. Changes to these regulations must be communicated in a timely and accurate manner.
  • Assess individual risk by analyzing credit, income, and assets on a loan-by-loan basis and sending underwriting recommendations to Mortgage Originators as promptly as feasible.
  • Examines and analyses information on mortgage loan papers to determine whether the buyer, property, and loan conditions comply with Credit Union and government criteria.
  • A mortgage loan application queue is managed by this person. Completes a complete risk analysis of mortgage loan applications, which involves reviewing legal documents, analyzing income (including self-employment and tax returns), and examining assets. Determine if the application meets the credit union’s portfolio or secondary market standards and, based on the results, grant or deny permission. If necessary, alternate approval criteria are proposed.
  • Maintain a complete awareness of loan product requirements and industry laws, including assisting in the detection, prevention, and settlement of mortgage fraud.


  • The ability to use CUDL 360 and Symitar, as well as Microsoft Excel and Word Processing, is necessary.
  • The ability to effectively communicate, analyze, audit, research, and make decisions are all critical. Excellent verbal and written communication and problem-solving skills.
  • Its desirable if you have 1-3 years of mortgage underwriting experience, or if you have a similar mix of education and experience.
  • Has a thorough grasp of the underwriting requirements for conventional, FHA, VA, USDA, VHDA, and NC housing.
  • It is necessary to have exceptional interpersonal, organizational, and communication abilities.

How to Apply

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Job Categories: Mortgage Underwriter. Job Types: Full-Time.

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