Position: Mortgage Loan Underwriter

Location: Hybrid/In-Office Preferred (Remote Available for Highly Experienced Candidates)

Oaktree Funding is a leading wholesale, correspondent, and retail lender, specializing in Non-QM and Agency lending. With a strong reputation for innovation and service excellence, we are expanding our Operations Team and seeking experienced Mortgage Loan Underwriters who excel in critical thinking and problem-solving.

Why Oaktree Funding?

🔹 Industry Leader: Over three decades of excellence in mortgage lending.

🔹 Diverse Lending Channels: Underwriters work across wholesale, correspondent, and retail

🔹 Performance-Based Culture: Rewarding productivity and efficiency.

🔹 Supportive Team Environment: A solution-oriented approach to underwriting.

Position Overview:

As a Mortgage Loan Underwriter, you will play a critical role in reviewing, analyzing, and decisioning mortgage loan applications in compliance with Oaktree Funding’s guidelines and investor requirements. You will work closely with account managers, account executives, and brokers to ensure loan conditions are met efficiently, while applying critical thinking and problem-solving skills to Non-QM and Agency loans.

Key Responsibilities:

• Analyze and underwrite mortgage loan applications to ensure adherence to company and investor guidelines.
• Issue loan decisions (approvals, suspensions, and declines) based on a comprehensive review of borrower credit, income, and assets.
• Manage a loan pipeline, maintaining efficiency and compliance with turn-time expectations.
• Condition loans to meet program requirements while collaborating with internal teams for smooth processing.
• Work across multiple business divisions, underwriting Non-QM, Jumbo, FHA/VA, and DSCR loans.
• Maintain compliance with all regulatory and company policies.

What We’re Looking For:

• 2+ years of mortgage underwriting experience, with a preference for Non-QM or Jumbo lending.
• Strong knowledge of manual underwriting—AUS experience alone is not sufficient.
• Wholesale or correspondent lending experience preferred.
• Excellent communication skills to work effectively with account managers and internal teams.
• Fraud detection experience is a plus.
• Not a fit for underwriters coming solely from large banks, as our approach requires hands-on, manual underwriting expertise.

What We Offer:

Comprehensive Benefits:

• Competitive Compensation + Excellent Bonus Structure
• 401(k) with company match
• Health, Dental, and Vision Insurance
• Paid Time Off (PTO)
• Life & Disability Insurance
• Flexible Work Schedule
• Employee Discounts & Professional Development Support
• Hybrid Work Environment: In-office preferred for local candidates, remote available for experienced underwriters.

How to Apply:

Elevate your career with a growing, industry-leading lender! Apply today on our Careers Page or email your resume to Roland Mills – VP, Director of Recruiting at rmills@oaktreefunding.com and be part of a team that values expertise, efficiency, and exceptional service!