HL Underwriter I

Location: Metro Manila, National Capital Region, Philippines

Job Family: Underwriting

About the Role

At JP Morgan Chase, we are a leading global financial services firm with a strong presence in the Asia-Pacific region, committed to empowering clients through innovative home lending solutions. As an HL Underwriter I in our Metro Manila office, you will play a pivotal role in our Home Lending division, ensuring the accuracy and compliance of loan applications to drive the success of our mortgage portfolio. This position involves meticulous review of borrower documentation, credit evaluations, and risk assessments, all while adhering to both JP Morgan's rigorous standards and Philippine regulatory frameworks such as those set by the Bangko Sentral ng Pilipinas (BSP). Your work will directly impact our ability to provide accessible and responsible home financing to Filipino families, contributing to broader economic growth in the National Capital Region and beyond. In this entry-level underwriting role, you will collaborate with cross-functional teams to process high-volume loan applications efficiently, leveraging JP Morgan's advanced technology platforms for automated decisioning and fraud detection. Key responsibilities include verifying income, assets, and employment details; appraising property values; and making informed recommendations on loan approvals or denials to minimize default risks. You will also ensure full compliance with anti-money laundering (AML) protocols and fair lending practices, upholding our firm's reputation for integrity in the competitive financial services landscape. This role offers exposure to diverse loan products, from conventional mortgages to government-backed options, allowing you to build expertise in a dynamic market influenced by local economic trends and global best practices. Joining JP Morgan Chase means becoming part of a supportive, inclusive culture that values professional growth and innovation. We invest in your development through ongoing training on emerging fintech tools and regulatory updates, positioning you for advancement within our global network. If you are detail-oriented, analytically minded, and passionate about financial inclusion, this opportunity in Metro Manila will enable you to make a meaningful difference while advancing your career in one of the world's most respected financial institutions.

Key Responsibilities

• Review and verify loan applications for accuracy, completeness, and compliance with JP Morgan Chase's underwriting guidelines and Philippine regulatory requirements
• Conduct thorough credit assessments, including analysis of borrower financials, income verification, and property appraisals to determine loan eligibility
• Identify and mitigate risks associated with home lending products, ensuring alignment with the bank's risk appetite
• Collaborate with loan officers, processors, and compliance teams to resolve discrepancies and expedite approvals
• Utilize JP Morgan's proprietary systems to document underwriting decisions and maintain audit-ready records
• Monitor portfolio performance and provide insights on emerging trends in the Philippine housing market
• Ensure adherence to ethical standards and fair lending practices to support inclusive homeownership
• Contribute to process improvements in the underwriting workflow to enhance efficiency and customer satisfaction
• Prepare reports on underwriting metrics, such as approval rates and turnaround times, for senior management
• Stay updated on changes in lending laws and internal policies to maintain compliance

Required Qualifications

• Bachelor's degree in Finance, Business Administration, or a related field
• At least 2 years of experience in mortgage underwriting or loan processing within the financial services industry
• Strong knowledge of Philippine lending regulations, including BSP guidelines and anti-money laundering laws
• Proficiency in credit analysis and risk assessment for home loans
• Excellent attention to detail and analytical skills
• Ability to work in a fast-paced, high-volume environment
• Fluency in English; proficiency in Filipino is a plus

Preferred Qualifications

• Certified Mortgage Underwriter or equivalent certification from a recognized financial institution
• Experience with JP Morgan Chase's internal underwriting systems or similar banking platforms
• Prior exposure to international home lending standards, such as those from Fannie Mae or Freddie Mac
• Advanced knowledge of automated underwriting tools and AI-driven risk models
• Demonstrated success in reducing loan default rates through accurate underwriting

Required Skills

• Credit analysis and financial modeling
• Regulatory compliance knowledge (BSP, AML)
• Risk assessment and mitigation
• Attention to detail
• Analytical thinking
• Proficiency in Microsoft Office Suite and banking software
• Automated underwriting systems (e.g., DU, LP equivalents)
• Communication (written and verbal)
• Time management in high-volume settings
• Team collaboration
• Problem-solving
• Data interpretation from financial statements
• Ethical decision-making
• Adaptability to policy changes
• Customer service orientation

Benefits

• Competitive base salary with performance-based bonuses aligned with JP Morgan Chase's global standards
• Comprehensive health, dental, and vision insurance coverage for employees and dependents
• Retirement savings plan with employer matching contributions
• Paid time off, including vacation, sick leave, and parental leave policies
• Professional development opportunities through JP Morgan's internal training programs and tuition reimbursement
• Employee assistance programs for mental health and wellness support
• Flexible work arrangements, including hybrid options in Metro Manila
• Access to JP Morgan's global employee discounts and financial wellness resources

JP Morgan Chase is an equal opportunity employer.