Home Lending Operations Consumer Underwriting Trainee

Build a strong foundation in credit decisioning and risk evaluation while learning from experienced professionals. In this structured trainee program, you will develop the skills to assess borrower qualifications and documentation quality with care and consistency. You will learn through a blend of instructor-led training, self-study, practice exercises, and supervised file reviews. If you’re analytical, detail-oriented, and eager to grow, this is an opportunity to launch a long-term career path in underwriting.
Job summary
As an Underwriting Trainee in the home lending underwriting team, you will complete a structured six-month training curriculum focused on agency (conforming) or home equity underwriting, based on business assignment. You will develop foundational knowledge in credit risk, income and asset analysis, credit and collateral review, documentation standards, fair lending practices, and applicable regulatory requirements. Progression to a Credit Underwriter role is contingent on successful completion of all program requirements, including attendance, assigned learning and test cases, performance and conduct expectations, and the applicable lending authority assessment. Successful completion of the program does not automatically guarantee progression.
Job responsibilities
Participate in all required training sessions and learning activities throughout the six-month program
Complete assigned modules covering products, credit analysis, income calculation, asset review, credit reports, debt obligations, and collateral documentation
Perform knowledge checks, practical exercises, simulations, and underwriting test cases within established timelines
Review borrower and property documentation under supervision, including income, employment, assets, liabilities, credit, appraisal, title, and related information
Identify documentation gaps, inconsistencies, risk indicators, and required underwriting conditions with guidance
Apply underwriting guidelines and escalation procedures accurately under supervision
Use underwriting systems and tools, including automated decisioning systems (where applicable) and spreadsheet-based calculators
Participate in coaching sessions, calibration activities, and readiness reviews to support continuous improvement
Maintain attendance, professionalism, training engagement, and quality standards throughout the program
Protect customer information and follow applicable conduct, compliance, privacy, and fair lending requirements
Complete the applicable lending authority assessment required to be considered for progression to the Credit Underwriter role
Required qualifications, capabilities and skills
Bachelor’s degree in Finance, Accounting, Economics, Business Administration, or a related field (for external applicants)
Willingness and ability to complete the full six-month training program, including required attendance, learning modules, and test cases
Demonstrated analytical aptitude and ability to interpret financial and credit-related information
Strong attention to detail with a focus on documentation quality and accuracy
Ability to learn and apply complex policies, guidelines, and regulatory requirements in a structured environment
Strong written and verbal communication skills
Proficiency in Microsoft Office applications and willingness to learn underwriting systems and tools
Ability to manage time effectively, meet deadlines, and maintain accountability for assigned work
Ability to work independently and collaboratively in a structured, fast-paced learning environment
Amenable to working night shifts aligned with U.S. business hours and to a hybrid or onsite work arrangement based on business needs
Preferred qualifications, capabilities and skills
Foundational knowledge of residential mortgage concepts, credit risk, or consumer lending
Experience (internship, school projects, or work experience) involving financial analysis, documentation review, or quality-focused processes