Job Description

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. 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 is a 100% remote role
• We’re currently hiring only within our core locations, which include Maryland (MD), District of Columbia (DC), Virginia (VA), Pennsylvania (PA), Delaware (DE), Indiana (IN), Illinois (IL), South Carolina (SC), Florida (FL), and North Carolina (NC).

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.

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