HL Underwriter III-PHL

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 committed to helping clients achieve their financial goals, and our Home Lending division plays a pivotal role in enabling homeownership dreams. As a Home Loan Underwriter III in our Manila office, you will join a dynamic team focused on delivering high-quality underwriting services for residential mortgages. This role involves making critical lending decisions that balance risk and opportunity, ensuring compliance with both local Philippine regulations and our firm's rigorous global standards. You will contribute to a supportive environment where innovation in financial services meets the needs of diverse customers, all while advancing your career in one of the world's most respected institutions. In this position, you will conduct thorough reviews of loan applications, analyzing borrower financials, credit histories, and property details to determine eligibility. Leveraging your expertise, you will assess risks associated with home loans, approve or recommend actions within your authority, and collaborate with cross-functional teams to streamline processes. Your work will directly impact customers' journeys to homeownership, while adhering to JP Morgan Chase's commitment to ethical lending practices and financial inclusion in the Philippine market. This role demands precision, as your decisions influence portfolio health and customer satisfaction in a competitive landscape. We value professionals who thrive in a fast-paced, technology-driven setting and are passionate about the financial services industry. As part of JP Morgan Chase, you will have access to cutting-edge tools, ongoing training, and opportunities for growth within our global network. Join us to make a meaningful difference in home lending, where your underwriting acumen supports sustainable economic progress and builds lasting client relationships.

Key Responsibilities

• Review and analyze loan applications to assess creditworthiness, income stability, and property value for home loans
• Evaluate financial documents, credit reports, and appraisals to make informed lending decisions
• Ensure all underwriting activities comply with JP Morgan Chase policies, Philippine regulatory requirements, and anti-money laundering standards
• Collaborate with loan officers, processors, and legal teams to resolve complex application issues
• Provide guidance on risk mitigation strategies and approve or deny loans within established authority limits
• Monitor portfolio performance and contribute to process improvements in the home lending division
• Maintain accurate records and documentation for audits and regulatory reporting
• Support customer queries and educate internal teams on underwriting best practices
• Stay updated on market trends, interest rates, and changes in lending guidelines
• Contribute to team goals by mentoring junior underwriters and participating in training sessions

Required Qualifications

• Bachelor's degree in Finance, Business Administration, or a related field
• Minimum of 5 years of experience in mortgage underwriting or related lending roles
• In-depth knowledge of Philippine mortgage lending regulations and compliance standards
• Proficiency in credit analysis and risk assessment for home loans
• Strong understanding of financial statements and appraisal reports
• Ability to work independently and meet tight deadlines in a fast-paced environment
• Fluency in English and proficiency in local languages

Preferred Qualifications

• Certified Mortgage Underwriter (CMU) or equivalent certification
• Experience with JP Morgan Chase's underwriting systems and processes
• Prior work in a high-volume home lending environment
• Familiarity with international banking standards and cross-border lending
• Advanced degree in Finance or Economics

Required Skills

• Expertise in mortgage underwriting and credit risk analysis
• Proficiency in financial modeling and ratio analysis
• Knowledge of automated underwriting systems (e.g., DU, LP)
• Strong attention to detail and analytical thinking
• Excellent communication and interpersonal skills
• Ability to interpret complex financial data and regulations
• Technical proficiency in Microsoft Office Suite and lending software
• Problem-solving and decision-making under pressure
• Time management and organizational skills
• Team collaboration and leadership abilities
• Understanding of real estate valuation and appraisal processes
• Compliance and ethical judgment in financial services
• Adaptability to evolving market conditions
• Customer service orientation
• Data privacy and information security awareness

Benefits

• Competitive base salary and performance-based bonuses
• Comprehensive health, dental, and vision insurance coverage
• Retirement savings plan with company matching contributions
• Paid time off, including vacation, sick leave, and parental leave
• Professional development programs and tuition reimbursement
• Employee stock purchase plan and financial wellness resources
• Flexible work arrangements and hybrid office options in Metro Manila
• Access to JP Morgan Chase's global wellness initiatives and employee assistance programs

JP Morgan Chase is an equal opportunity employer.