Mortgage Underwriting - Mortgage Underwriter III

Montgomery Park, 2701 NW Vaughn St, Portland, Oregon, United States of America

Posted Friday, November 28, 2025 at 11:00 AM

We’re in the financial services industry, but we’re not a bank. We’re in the “people” business. Inspired by the credit union philosophy of “people helping people,” we’ve developed a strong and growing tradition of investing in our employees, our members, and our community.

OnPoint is the largest community‑owned credit union in Oregon – and we’re growing! Our growth provides great opportunities for you to reach your personal and professional goals. We value enthusiasm, commitment to outstanding performance, and providing opportunities to truly make a difference. If you are looking to join a team of dedicated, collaborative, and passionate individuals, OnPoint is looking for our next Mortgage Underwriter III.

We invite you to explore and grow your career with us!

The Mortgage Underwriter III plays a critical role in ensuring the quality and integrity of our loan portfolio through the thorough analysis and underwriting of residential mortgage loans. The ideal candidate will have at least 5 years of direct mortgage underwriting experience, with a strong background in Jumbo non‑conforming loans and/or FHA/VA government underwriting. This role also requires an advanced understanding of business cash flow analysis, particularly for self‑employed borrowers, and a demonstrated ability to mentor less experienced underwriters.

• Analyze and underwrite a broad range of loan applications including Conforming, Jumbo, FHA, and VA products in compliance with investor and agency guidelines.
• Conduct detailed reviews of complex income scenarios, including Business tax returns and cash flow analysis for self‑employed borrowers.
• Ensure loan files meet all regulatory and company requirements for credit, income, assets, and collateral.
• Serve as a technical expert and resource for fellow OnPoint staff requiring senior‑level judgment.
• Collaborate closely with Loan Officers, Processors, and other internal departments to facilitate timely and accurate loan decisions.
• Serve as a mentor to Junior and Mid‑Level Underwriters, providing guidance, training, and performance feedback to enhance team knowledge and consistency.
• Stay up‑to‑date with industry changes, investor guidelines, and underwriting best practices.
• Maintain a pipeline of loans in an efficient and timely manner while meeting service level agreements.
• Ensure adherence to all company policies and compliance regulations including TRID, RESPA, and other federal guidelines.
• Additional projects, responsibilities, or other duties assigned.

• Strong ability to analyze business tax returns, and complete complex cash flow analysis.
• Exceptional knowledge of agency guidelines (Fannie Mae, Freddie Mac), AUS systems (DU/LP), and compliance requirements.
• Prior experience mentoring or leading junior underwriting staff.
• Excellent analytical, organizational, and decision‑making skills.
• Strong written and verbal communication abilities.
• Ability to manage high volumes in a fast‑paced environment without sacrificing accuracy.
• Maintain a strong willingness to partner with our Sales and Processing teams in building a strong member‑first culture.
• Must be willing to work in office 40% of the working days

• Minimum 5 years of recent mortgage underwriting experience.
• Proficiency in underwriting Jumbo Non‑conforming loans and/or FHA/VA Government loans (DE and/or SAR/LAPP certifications preferred).
  • A minimum of 6 months’ experience in either category

• VA LAPP/SAR Designation
• Experience with Encompass or similar LOS
• Bachelor’s degree in business, Finance, or a related field (preferred but not required)

OnPoint employees are rewarded, acknowledged and appreciated! We take care of our Members, and OnPoint takes care of us by offering employees a generous vacation package, incentives, competitive hourly pay, 100% - paid employee medical, dental and vision premiums, Tri‑Met / parking passes, 401k matching, tuition reimbursement and more!

At OnPoint, we believe a…