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1 Direct Endorsement Underwriter Job in Sioux Falls, SD

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Central Bank
Sioux Falls, SD | Full Time
$56k-74k (estimate)
1 Month Ago
Direct Endorsement Underwriter
Central Bank Sioux Falls, SD
$56k-74k (estimate)
Full Time | Lending & Credit 1 Month Ago
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Central Bank is Hiring a Direct Endorsement Underwriter Near Sioux Falls, SD

DescriptionPOSITION SUMMARY The Direct Endorsement (DE) Underwriter is responsible for analyzing and authorizing or recommending approval/denial of mortgage loan applications in accordance with the Veterans Affairs (VA) and Federal Housing Authority (FHA) to ensure compliance with all applicable guidelines and regulatory requirements.
Essential Duties And ResponsibilitiesThe essential functions include, but are not limited to the following:
Loan Underwriting 85%
  • Process, underwrite, evaluate, and analyze mortgage loans submitted through the Encompass system carefully and efficiently while following bank, VA, FHA, and other relevant guidelines.
  • Assess all calculations and documentation for accuracy, and analyze income or tax documents to make sure mortgage loan applications meet compliance standards and follow program guidelines.
  • Make sound underwriting decisions based on the analysis of financial information, credit reports, and other relevant factors.
  • Maintain accuracy when using automated and manual systems for underwriting loans.
  • Exercise discretion and use analytical skills to find inconsistencies in information or documentation and prevent fraud.
  • Assist the sales team to structure appealing loan packages.
  • Consult with the accounting team to ensure applicants meet the conditions for underwriting before closing a loan.
  • Communicate loan decisions in writing and verbally using the bank-approved format.
Other 15%
  • Respond to audits and quality control reviews.
  • Attend and participate in regular departmental.
  • Perform all other duties as assigned.
RequirementsEDUCATION & EXPERIENCE
  • Bachelor’s degree required or equivalent work experience
  • Minimum of three (3) years of experience in similar job duties
  • Underwriting Certification preferred
Central Bank is an Affirmative Action and Equal Opportunity Employer, drug free workplace, and complies with ADA regulations as applicable.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Lending & Credit

SALARY

$56k-74k (estimate)

POST DATE

05/17/2024

EXPIRATION DATE

06/14/2024

WEBSITE

centralbankonline.com

HEADQUARTERS

ANKENY, IA

SIZE

25 - 50

FOUNDED

1877

CEO

KEVIN KELLY

REVENUE

$5M - $10M

INDUSTRY

Lending & Credit

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About Central Bank

Chartered in 1877, Central Bank has a solid history of providing customers with financial solutions and a strong commitment to serving their communities. Central Bank believes in supporting local organizations and their employees embrace this philosophy by donating their time and talents. From traditional and business banking services to home loans, trust and insurance services, Central Bank is your complete financial resource. Visit centralbankonline.com for more information. Member FDIC.

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The following is the career advancement route for Direct Endorsement Underwriter positions, which can be used as a reference in future career path planning. As a Direct Endorsement Underwriter, it can be promoted into senior positions as a Health Underwriter, Sr. that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Direct Endorsement Underwriter. You can explore the career advancement for a Direct Endorsement Underwriter below and select your interested title to get hiring information.