10 days old

Underwriter - 50153

New Castle, DE 19720
Apply Now
Apply on the Company Site
  • Job Code

At Discover, be part of a culture where diversity, teamwork and collaboration reign. Join a company that is just as employee-focused as it is on its customers and is consistently awarded for both. Were all about people, and our employees are why Discover is a great place to work. Be the reason we help millions of consumers build a brighter financial future and achieve yours along the way with a rewarding career.

**This position is not a remote Underwriting position. Candidates will need to be able to sit on site in our New Castle, Delaware center. Training for this position will be 4 weeks. Training will be 8:00 a.m. - 5:00 p.m. Monday - Friday.

Responsible for reviewing, analyzing, underwriting, evaluating, and approving and denying consumer mortgage residential applications in accordance with company guidelines, business and credit standards, and applicable laws and regulations.

*Underwrites home equity files. Reviews loan submissions, ensures company guidelines are met, and evaluates loans to maximize company profit and minimize company risk exposure. Evaluate the credit worthiness of borrowers through a comprehensive analysis of the credit report. Analyzes base income plus variable pay. Calculates Debt to Income and Loan to Value and Combined Loan to Value. Verifies Employment. Investigates and documents red flags such as anomalies in the credit file that may not have been documented by the loan originator. Reviews appraisals to ensure appraisers used proper guidelines. Review and approve title and flood. Access and maintain a working knowledge of internal guidelines. Approves or recommends denial for home equity applications within lending authority limit. Recommend counter offers as necessary.


  • Maintains company service levels and turn-time standards.

  • Validates loan documentation against product criteria.

  • Partners with management and the review team to calibrate first-level decisions. Provides recommendations to improve the underwriting process.

  • Performs income, collateral and credit reviews to make final underwriting decisions.

  • Thoroughly document the rationale and the compensating factors, and all information needed to evidence the Underwriting decision.

  • Validates all data contained in loan submission and LOS for accuracy

  • Retains a current and complete knowledge of loan policy, underwriting strategy and Loan Production Guidelines.

  • Complies with government laws and regulations pertaining to home equity lending. Responsible for following all adopted policies, procedures and regulatory requirements applicable to the job function.

  • Addresses any internal and external audit findings promptly and professionally while working with management to address issues.

  • Proficient use of the Banks LOS, Outlook and other appropriate tools/resources to efficiently and accurately perform the review function.

    Minimum Qualifications

    At a minimum, here's what we need from you:

  • H.S. Diploma or GED

  • 2+ years of experience in Mortgage or Home Equity Lending/banking or related field

  • 1+ years of experience in Mortgage or Home Equity Underwriting or related field

    Preferred Qualifications

    If we had our say, we'd also look for:

  • Associates Degree

  • Maintains confidentiality.

  • Provides excellent customer service.

  • Works independently and as a team member.

  • Ability to work in a fast paced environment.

  • Performs basic math functions.

  • Ensure an attention to detail and validates the accuracy for the loan submission.

  • Utilizes Microsoft Office Suite tools and Loan Originations Platforms.

  • Excellent written communication and interpersonal skills.

  • Exercises good judgement and decision making skills.

  • Analyze complex financial statements and intricate loan scenarios.

  • Exhibits excellent time management. Plan and organize effectively to prioritize daily workload to achieve volume goals.

  • Demonstrate understanding of guidelines and executes loan decisions and meets quality metrics.

  • Ability to continue to learning through subsequent files.

  • Take Mid UW Onboarding training and pass with a 90% or better.

  • Satisfactorily complete 10 test cases and pass with a 90% or better grade.

Discover Financial Services is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran status, among other things, or as a qualified individual with a disability.



  • Banking / Finance
Posted: 2019-08-13 Expires: 2019-09-12

Welcome to Discover
We strive to be the leading direct bank and payments services company. Our mission is to help people spend smarter, manage debt better, and save more to achieve a brighter financial future.

Why Work with Us?
You can make an impact. Whether it’s developing corporate strategy, innovating new services or supporting IT needs, every employee has the opportunity to be a vital part of our business and make a real difference in people’s lives. It’s the heart of what we do.


Featured Employers[ View All ]

Before you go...

Our free job seeker tools include alerts for new jobs, saving your favorites, optimized job matching, and more! Just enter your email below.

Share this job:

Underwriter - 50153

New Castle, DE 19720

Join us to start saving your Favorite Jobs!

Sign In Create Account
Powered ByCareerCast