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Government Mortgage Underwriter

Cornerstone First Mortgage
San Diego, CA
  • Posted: over a month ago
  • Full-Time
Job Description

The Government Underwriter reviews, conditions, and underwrites mortgage loans according to established policies and procedures and appropriate guidelines; examines all documentation for accuracy and completeness.

Essential Functions:

  • Review all loan submissions submitted by production and origination staff and generate initial credit decision in accordance with FNMA, FHLMC, FHA, VA or USDA guidelines as well as internal overlays.
  • Evaluate mortgage loan applications to determine eligibility, acceptability, and compliance with applicable state, federal and investor guidelines.
  • Submit loan files to DU and LPA AUS systems to determine eligibility and clear all conditions as issued by the applicable AUS findings.
  • Underwrite Automated Loan files only. Manual Underwriting is not permitted.
  • Perform credit and property analysis on all loan files.
  • Analyze Complex tax returns and business structures to determine accurate income utilization.
  • Identify key loan factors impacting borrower eligibility, property eligibility and credit qualification.
  • Perform timely reviews of submitted conditions and loan resubmissions and complete credit decisions.
  • Identify and summarize Exception loans for escalation to Team Lead and/or Underwriting Manager for business decision.
  • Input data and notes into the Encompass loan system.
  • Maintain quality and production standards as set forth by management.
  • Effectively communicate, orally, in writing, and via email, the decisions reached as to maintain positive working relationships with co-workers and retail production staff members.
  • Ability to explain specific reasons for negative credit decisions and recommend possible solutions.
  • Other duties may be assigned.


  • Conventional Conforming underwriting experience.
  • Superior knowledge of and experience with property and credit underwriting requirements of FNMA, FHLMC FHA, VA and/or USDA guidelines
  • DU and LPA AUS Data Input Experience
  • In-depth income calculation skills for all income types
  • Must hold on of the following - FHA DE and/or VA LAPP/SAR Designations
  • Excellent written and oral communication skills.
  • Superior analytical, organizational and problem-solving abilities.
  • Ability to work independently, analyze data, take and recommend appropriate actions with minimal supervision.
  • Capability of working in a fast-paced environment, under pressure and meet time-sensitive deadlines, all while maintaining a high level of professionalism.

Benefit Eligibility:

Cornerstone First Mortgage offers a comprehensive benefits package, including medical, dental, and vision plans, 401k match after 6 months of service, and paid time off.

Equal Employment Opportunity:

Cornerstone First Mortgage is proud to be Equal Opportunity Employers committed to creating a diverse and inclusive workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, veteran status, or other legally protected classifications.

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Cornerstone First Mortgage


San Diego, CA
92108 USA


Finance and Insurance

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