Remote Mortgage Underwriter

Overview

Seeking experienced Mortgage Underwriters to join our team and support loan processing for broker clients. This role plays a critical part in evaluating loan applications, ensuring compliance, and driving quality underwriting decisions.

• Review and assess files submitted by broker clients, ensuring compliance with FHA, VA, and conventional lending guidelines.
• Work closely with the loan structure and precision income teams to finalize approvals.
• Perform thorough credit analysis, underwriting 2–3 initial files per day and processing 6–8 final approval files daily (subject to volume).
• Collaborate within Pennymac’s structured, end‑to‑end loan process, focusing solely on underwriting scope.
• Ensure loans meet investor guidelines (FHA UW, HUD UW, VA UW, VA IRRL, VA SAR, Trums
  
  ID Registration) and adhere to quality control standards.
• Make decisions across the full range of mortgage loans, preferably including FHA loans.
• Review all mortgage applications and documentation for accuracy and completeness.
• Work with clients to prepare mortgage applications and related documentation as needed, resolving outstanding issues.
• Work with compliance officers to ensure Federal, State, and local compliance of all mortgage and loan materials.
• Approve or deny mortgages on a timely basis.
• Perform other related duties as required and assigned.

• 3+ years of mortgage underwriting experience.
• Solid knowledge of mortgage underwriting and automated underwriting systems.
• Knowledge of mortgage laws and regulations, including Home Mortgage Disclosure Act.
• Understanding of state and federal mortgage loan guidelines and regulations.
• Strong understanding of FHA, VA, and conventional loan underwriting.
• Assessment score requirement:
  Minimum 15.
• Experience with Encompass and proficiency in Excel preferred.
• Experience with FHA, HUD, VA, VA IRRL, VA SAR, Trums
  
  ID Registration preferred.

• FHA, HUD, Trums
  
  ID Registration, VA, Veterans Affairs Loans, VA IRRRL, Interest Rate Reduction Refinance Loan, VA SAR, Staff Appraisal Reviewer, Federal Housing Administration Underwriter, Department of Housing and Urban Development Underwriter.

• Medical, dental & vision.
• Critical Illness, Accident, and Hospital.
• 401(k) Retirement Plan – Pre‑tax and Roth post‑tax contributions available.
• Life Insurance (Voluntary Life & AD&D for the employee and dependents).
• Short and long‑term disability.
• Health Spending Account (HSA).
• Transportation benefits.
• Employee Assistance Program.
• Time Off/Leave (PTO, Vacation or Sick Leave).

Remote – based out of Denver, CO.

Contract to Hire.

$31.25 – $31.25 per hour.

This position is anticipated to close on Jan 19, 2026.

The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.