Junior Underwriter

About Rate Companies:

Rate is one of the nation’s top retail mortgage lenders, delivering a seamless, tech-driven experience that helps customers reach their homeownership and financial goals. Founded in 2000 and based in Chicago, Rate is licensed in all 50 states and D.C. and has helped over 2 million homeowners with a wide range of loan products, competitive rates and personalized service. With 5,000+ employees across 300+ offices and 12+ subsidiaries, Rate’s Loan Officers rank among the best in the country. From purchases and refinances to tapping into equity, Rate makes financing faster, simpler and less stressful. Our technology — including Same Day Mortgage, the Rate App, FlashClose℠, MyAccount and the Language Access Program — has earned recognition from HousingWire, Scotsman Guide, NerdWallet, the Chicago Tribune and Crain’s Chicago Business. Learn more at rate.com.

Pay Range: $24-26/hr plus bonus

Responsibilities

• Complete a thorough analysis of loan files to determine compliance with company, investor and GSE guidelines.
• Evaluates the entire credit package following the checklist for the specific loan types in which you are assigned.
• Escalate loan files with recommendations on situations that exceed individual lending authority.
• Examine and validate specific loan documentation for accuracy and completeness, checking accuracy of all calculations and loan data.
• Communicate decision on loans to appropriate parties both verbally and in writing.
• Strive to meet same day decisions on all submissions.
• Complete all processing related matters from gathering documents to getting the loan into closing.

Qualifications/Requirements:

• Some prior processing experience required
• Preferred strong knowledge of State and Federal laws pertaining to the mortgage banking industry: QM, ATR, RESPA, ECOA, AIR, etc.
• Excellent data entry skills and PC skills.
• Knowledge of Encompass
• Strong verbal and written communication skills are necessary.
• Excellent customer service skills with strong attention to detail.
• Time Management skills and the ability to prioritize workload based on daily production.

Rate is an Equal Opportunity Employer that welcomes and encourages all applicants to apply regardless of age, race, sex, religion, color, national origin, disability, veteran status, sexual orientation, gender identity and/or expression, marital or parental status, ancestry, citizenship status, pregnancy or other reason protected by law.

The company offers a comprehensive benefits program to eligible employees, including eligibility to participate in a company-sponsored 401(k); vacation benefits; eligibility for medical, dental, vision, and prescription drug benefits; flexible benefits (e.g., healthcare and/or dependent day care flexible spending accounts); life insurance and death benefits; critical care insurance; personal accidental insurance; commuter benefits; pet insurance; certain time off and leave of absence benefits; well-being benefits (e.g., employee assistance program); and other supplemental benefits (e.g. legal planning assistance; identity theft protection; pet insurance; wellness resources).

Please click this link to learn more about our benefit offerings for Washington State: https://www.rate.com/careers/open-positions/disclosures

Applications are being accepted on an ongoing basis.