SUMMARY

The Mortgage Underwriter is responsible for rendering credit decisions on mortgage application consistent with internal policies and investor guidelines, as well as verifying supporting documentation as submitted by Mortgage Loan Originators.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

• Underwrites residential loans ensuring compliance with appropriate internal company policies and investor guidelines.
• Analyzes credit history, income, assets, property characteristics, and all other information pertinent to the decision process on each mortgage application.
• Applies internal guidelines and insurer guidelines (MGIC, Radian, PHFA, FHA) to the credit decision process.
• Determines necessary conditions on each loan to be satisfied prior to mortgage loan commitment.
• Prioritizes loans in the Encompass pipeline in order to minimize turnaround time and meet deadlines.
• Works with several different types of Automated Underwriting Systems (DU, LPA, GUS).
• Keeps up-to-date on changing regulations and underwriting guidelines and enforcing the changes.
• Verifies accuracy of supporting employment, down payment, appraisal, and financial documentation received.
• Reviews documentation for compliance with internal and regulatory guidelines.
• Corresponds with mortgage originators to obtain outstanding documentation needed to complete requirement as stipulated on the commitment.
• Ability to work independently.
• Ability to maximize use of available resources.
• Learns new mortgage products and help develop those products.
• Documents and effectively communicates reasons for approval/rejection of loans.
• Ability to manage construction and improvement loans, work with contractors.
• Maintains current knowledge of and adheres to the BSA policy.

SUPERVISORY RESPONSIBILITIES

This job has no supervisory responsibilities.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily, have a sound understanding of real estate terminology, mortgage lending practices, and mortgage loan requirements. An individual must also have excellent customer service skills.

The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE

High School Diploma or general education degree (GED) and 2 years of related experience.

TECHNICAL SKILLS

Ability to operate a personal computer and job-related software. (Web-based systems, Word, Excel, Encompass, Core Operating System (DNA)). Must be willing to learn new systems and not have any issues with emerging technology.

LANGUAGE SKILLS

Excellent oral communication and writing skills. Ability to read, analyze and interpret various documents such as procedure manuals, ability to write correspondence. Ability to speak effectively before customers or employees of organization. Possess good organization skills, ability to read and interpret reports, work quickly and efficiently while providing the utmost accuracy and attention to detail and customer service.

MATHEMATICAL SKILLS

Ability to calculate figures and amounts such as rates, discounts, interest, and percentages. Strong analytical skills.

REASONING ABILITY

Demonstrate ability to resolve complicated issues as they arise. Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several variables. Desire to understand and utilize systems to their utmost capabilities. Must be team oriented and able to work well with others in the department. Proven organization skills and demonstrate ability to prioritize and multi-task. Must possess excellent problem-solving skills.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit; use hands and fingers to operate office equipment such as keyboards, telephones, etc. and to talk and hear. The employee frequently is required to reach with hands and arms. The employee is occasionally required to stand; walk; and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, and ability to adjust focus.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

Equal Opportunity Employer, including disability and protected veteran status.