Note: The job is a remote job and is open to candidates in USA. 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. The Junior Underwriter will analyze loan files for compliance, validate documentation, and communicate loan decisions while striving for same-day processing.
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
Skills
- Preferred strong knowledge of State and Federal laws pertaining to the mortgage banking industry: QM, ATR, RESPA, ECOA, AIR, etc
- Prior experience processing loans
- 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
Benefits
- 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)
- Other supplemental benefits (e.g. legal planning assistance; identity theft protection; pet insurance; wellness resources)
Company Overview
Rate is a mortgage company that provides mortgage-related services and solutions. It was founded in 2000, and is headquartered in Chicago, Illinois, USA, with a workforce of 5001-10000 employees. Its website is https://www.rate.com.Company H1B Sponsorship
Rate has a track record of offering H1B sponsorships, with 1 in 2026, 6 in 2025, 7 in 2024, 3 in 2023, 15 in 2022, 9 in 2021. Please note that this does not guarantee sponsorship for this specific role.