Mortgage Underwriter
About Us
Capital Bank N.A. is headquartered in Maryland and has been serving our communities since 1999. We stand as a publicly traded company (NASDAQ: CBNK) with over $3 billion in assets. We offer commercial and consumer banking services to clients primarily in Maryland, DC, and Northern Virginia, alongside two nation-wide lending brands; Capital Bank Home Loans and OpenSky, a credit card division that offers and services credit cards across all states. Our personalized approach to banking, paired with cutting-edge technology solutions and a comprehensive suite of products and services, fuels our growth, and enables us to support our customers at every stage in their financial journey.
Come join a bank where our employees thrive and are engaged in meaningful work. For the last 6 out of 7 years, Capital Bank was named one of the "Best Banks to Work For" in the U.S. by American Banker.
Position Purpose
The Mortgage Loan Underwriter is responsible for evaluating and analyzing mortgage loan applications to determine the creditworthiness of borrowers and ensure compliance with federal, state, and company regulations. This role involves assessing financial documents, credit reports, property appraisals, and income information to make informed decisions on loan approvals, conditions, or denials. The underwriter ensures that each loan meets the bank’s risk standards while supporting a smooth and efficient loan origination process.
Position Responsibilities
Underwrite a minimum of three new loan files per day
Review, analyze, and clear updated and conditioned loan files within required turn times
Maintain CBHL-mandated turn times for new submissions, resubmissions, and condition reviews
Monitor and respond to CSM scenarios within required timeframes
Provide underwriting and eligibility support to other Capital Bank departments as needed
Underwrite FHA, VA, USDA, Conventional, Non-Agency, and Jumbo loan products in accordance with company policy and investor overlays
Perform new and established condominium project reviews, including warranty and eligibility determinations, in accordance with agency and investor guidelines
Analyze loan documentation and data for accuracy, completeness, and overall soundness
Identify and assess credit, income, asset, and collateral risk factors
Review appraisals and collateral documentation, including condominium and PUD projects
Support Loan Officers during the borrower qualification and structuring process
Remain current on investor, agency, and regulatory guideline updates impacting underwriting and condominium project eligibility decisions
Minimum Education & Experience
Minimum Education and Experience
High School Diploma or equivalent required
Minimum of five years of experience underwriting agency mortgage loans
Minimum of five years of experience underwriting secondary market guidelines
Minimum of two years of experience with Jumbo and Non-Agency products
FHA Direct Endorsement (CHUMS) designation required
VA SAR/LAPP designation required
USDA underwriting experience preferred
Housing Finance Agency experience required (DC, DE, FL, VA, MD preferred)
Bachelor’s degree preferred
Technical Knowledge and Skills
Strong teamwork and customer service orientation
Excellent organizational skills and ability to manage multiple priorities
High sense of urgency and accountability for deadlines and assignments
Ability to work effectively in a fast-paced environment
Proficiency with Fannie Mae Desktop Underwriter and Freddie Mac Loan Product Advisor
Encompass LOS experience preferred
Advanced income analysis, including complex self-employed and variable income scenarios
Credit risk analysis and interpretation
Appraisal and collateral review, including condominium and PUD projects
Ability to accurately interpret and apply agency, investor, and condominium project guidelines
Strong problem-solving, critical thinking, and decision-making skills
Clear and professional written and verbal communication
Constant and consistent attention to detail
Compensation
Base Salary Range: $80,000 - $105,000 annually / hourly. Final determination of where you are at in the salary range is based on numerous factors such as geographical location, relevant experience, skill set, education, and ability to meet qualifications within the job description.
Additional Compensation: This role will include a yearly annual target bonus based on individual performance.
Working Arrangements
This position will be a remote role.
Why Join Us?
Join a growing company with a culture that fosters an entrepreneurial spirit
Comprehensive benefits package including Medical, Dental, Vision, Company Paid Life Insurance, Disability Insurance, and more?
Company Contributions to your 401k - Regardless of your contribution
Employee Perks: Paid Parental Leave, Employee Recognition Program, Leadership Program, Tuition Reimbursement Program, Employee Bank Checking Account, and much more!
Generous Paid Time Off and Paid Holidays - Including Paid Charity Hours to support volunteer opportunities
Supporting Businesses. Helping People. Strengthening Communities.
Capital Bank, N.A. is an E-Verify, Affirmative Action and Equal Opportunity Employer.
Apply To This Job
Capital Bank N.A. is headquartered in Maryland and has been serving our communities since 1999. We stand as a publicly traded company (NASDAQ: CBNK) with over $3 billion in assets. We offer commercial and consumer banking services to clients primarily in Maryland, DC, and Northern Virginia, alongside two nation-wide lending brands; Capital Bank Home Loans and OpenSky, a credit card division that offers and services credit cards across all states. Our personalized approach to banking, paired with cutting-edge technology solutions and a comprehensive suite of products and services, fuels our growth, and enables us to support our customers at every stage in their financial journey.
Come join a bank where our employees thrive and are engaged in meaningful work. For the last 6 out of 7 years, Capital Bank was named one of the "Best Banks to Work For" in the U.S. by American Banker.
Position Purpose
The Mortgage Loan Underwriter is responsible for evaluating and analyzing mortgage loan applications to determine the creditworthiness of borrowers and ensure compliance with federal, state, and company regulations. This role involves assessing financial documents, credit reports, property appraisals, and income information to make informed decisions on loan approvals, conditions, or denials. The underwriter ensures that each loan meets the bank’s risk standards while supporting a smooth and efficient loan origination process.
Position Responsibilities
Underwrite a minimum of three new loan files per day
Review, analyze, and clear updated and conditioned loan files within required turn times
Maintain CBHL-mandated turn times for new submissions, resubmissions, and condition reviews
Monitor and respond to CSM scenarios within required timeframes
Provide underwriting and eligibility support to other Capital Bank departments as needed
Underwrite FHA, VA, USDA, Conventional, Non-Agency, and Jumbo loan products in accordance with company policy and investor overlays
Perform new and established condominium project reviews, including warranty and eligibility determinations, in accordance with agency and investor guidelines
Analyze loan documentation and data for accuracy, completeness, and overall soundness
Identify and assess credit, income, asset, and collateral risk factors
Review appraisals and collateral documentation, including condominium and PUD projects
Support Loan Officers during the borrower qualification and structuring process
Remain current on investor, agency, and regulatory guideline updates impacting underwriting and condominium project eligibility decisions
Minimum Education & Experience
Minimum Education and Experience
High School Diploma or equivalent required
Minimum of five years of experience underwriting agency mortgage loans
Minimum of five years of experience underwriting secondary market guidelines
Minimum of two years of experience with Jumbo and Non-Agency products
FHA Direct Endorsement (CHUMS) designation required
VA SAR/LAPP designation required
USDA underwriting experience preferred
Housing Finance Agency experience required (DC, DE, FL, VA, MD preferred)
Bachelor’s degree preferred
Technical Knowledge and Skills
Strong teamwork and customer service orientation
Excellent organizational skills and ability to manage multiple priorities
High sense of urgency and accountability for deadlines and assignments
Ability to work effectively in a fast-paced environment
Proficiency with Fannie Mae Desktop Underwriter and Freddie Mac Loan Product Advisor
Encompass LOS experience preferred
Advanced income analysis, including complex self-employed and variable income scenarios
Credit risk analysis and interpretation
Appraisal and collateral review, including condominium and PUD projects
Ability to accurately interpret and apply agency, investor, and condominium project guidelines
Strong problem-solving, critical thinking, and decision-making skills
Clear and professional written and verbal communication
Constant and consistent attention to detail
Compensation
Base Salary Range: $80,000 - $105,000 annually / hourly. Final determination of where you are at in the salary range is based on numerous factors such as geographical location, relevant experience, skill set, education, and ability to meet qualifications within the job description.
Additional Compensation: This role will include a yearly annual target bonus based on individual performance.
Working Arrangements
This position will be a remote role.
Why Join Us?
Join a growing company with a culture that fosters an entrepreneurial spirit
Comprehensive benefits package including Medical, Dental, Vision, Company Paid Life Insurance, Disability Insurance, and more?
Company Contributions to your 401k - Regardless of your contribution
Employee Perks: Paid Parental Leave, Employee Recognition Program, Leadership Program, Tuition Reimbursement Program, Employee Bank Checking Account, and much more!
Generous Paid Time Off and Paid Holidays - Including Paid Charity Hours to support volunteer opportunities
Supporting Businesses. Helping People. Strengthening Communities.
Capital Bank, N.A. is an E-Verify, Affirmative Action and Equal Opportunity Employer.
Apply To This Job