Mortgage Underwriter II

About the Company

Valon is transforming both mortgage servicing and consumer direct lending with a technology-first approach. Backed by Andreessen Horowitz (a16z) and managing over $130 billion in loans, we’ve built our platforms from the ground up—not on outdated legacy systems—so homeowners, lenders, and investors experience greater transparency, efficiency, and care. By unifying processes into a modern, AI-native operating system, we’re leading the way in automation, compliance, and continuous improvement across our servicing and lending businesses.

Our mission is to empower every homeowner by making the mortgage experience simple, secure, and financially empowering. To achieve this, we bring together world-class engineers, servicing experts, lending professionals, and operations leaders who share a passion for improving the homeowner journey. We’re not only reshaping what servicing and lending look like today—we’re creating opportunities for talented people to help drive the future of the industry.

As we continue to grow, Valon is expanding its footprint across multiple states, opening the door to exciting new roles and career paths. Joining Valon means becoming part of a fast-scaling company where innovation, collaboration, and customer impact go hand in hand. Mortgage is just the beginning—we’re building the future of regulated finance, and we want you to be part of it.

Valon Lending

Valon is currently scaling up its mortgage lending business, which aims to provide the ability to access low-cost, streamlined mortgage credit to Valon borrowers and tools to retain borrowers in their portfolio for Valon partners. We are looking for experienced and innovative individuals to help build our team and business who are eager to change the mortgage industry for the better.

About this Role

The Mortgage Underwriter II will be responsible for underwriting residential loans to ensure compliance with company, investor, and agency guidelines. This role requires reviewing loan documentation for accuracy and completeness, collaborating with processors and loan originators to resolve conditions, and ensuring loans meet all credit and collateral requirements.

Valon currently originates conventional and FHA loans, and underwriters can expect to be involved in both programs, with the possibility of additional programs being added in the future.

You may be required to escalate complex loan scenarios to senior underwriters or the underwriting manager for guidance.

Responsibilities

• Analyze borrower credit, income, assets, collateral, and capacity to determine creditworthiness

• Review and calculate borrower income, including tax returns when required

• Maintain working knowledge of secondary market, investor, and private mortgage insurance guidelines

• Review new loans and clear conditions on resubmissions within SLA

• Respond to audits and support quality control reviews on mortgage files

• Maintain a focus on enhancing customer service skills and knowledge

• Ensure KPIs are met as set forth by the underwriting manager

• Maintain the quality and data integrity of all loan files

• Ability to multitask in a high-volume environment

• Strong attention to detail and effective problem-solving skills

• Ability to work independently while following company policies and procedures

• Prioritize and monitor daily workflows as we pilot our new LOS - Vesta.

Minimum Qualifications

• 3+ years of conventional mortgage underwriting experience

• 1–2 years of FHA DE underwriting experience (TOTAL Scorecard and Manual)

• Experience working with Vesta (Loan Operating System) is a PLUS!  Encompass experience is also preferred.

• Knowledge of Fannie Mae/DU, Freddie Mac/LPA, and FHA guidelines and automated underwriting systems

• Ability to review credit, income, assets, title, and appraisals for adherence to underwriting guidelines

• Understanding of relevant mortgage industry federal regulations, including RESPA, TILA, ECOA, TRID, CFPB, etc.

Ideal Background

• 5+ years of mortgage underwriting experience

• Active FHA DE designation

• Exposure to VA underwriting a plus

• Bachelor’s degree or equivalent work experience

• Strong communicator with excellent writing skills

• High integrity with strong ethical values

• Team player with the ability to collaborate effectively across functions

Benefits

• Compensation: competitive salary and 401 (k) plan

• Health & well-being: comprehensive medical, dental, & vision benefits to support your health

• Food & meals: in-office snacks and drinks, and Bagel Fridays

• Commuter benefits: pre-tax deductions for public transportation, rideshare services, and parking expenses

• Grow together: company-wide orientation, learning & development opportunities, and regular review cycles with 360° feedback

• Generous time off: 17 days paid time off, sick days, and 11 company holidays

• Baby bonding time: 12 weeks off for both birthing and non-birthing parents — fully paid so you can focus on your newest addition

Throughout the interview process, please remember that emails will only be from valon.com emails. We won't ever be asking for any personally identifiable information during the interview process itself. Please reach out to [email protected] if you have any requests to verify the authenticity of an outreach.

Valon is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws. Valon makes hiring decisions based solely on qualifications, merit, and business needs at the time.