Mortgage Loan Underwriter I

Summary:

It is the Mortgage Loan Underwriter I responsibility to ensure that loans are processed and underwritten accurately and in a timely manner while remaining in compliance of Bank, Investor, Agency and Regulatory guidelines. The Mortgage Loan Underwriter I will work in tandem with the Production/Operations manager as a subject matter expert with regard to underwriting and AUS validation matters. Loan approval authority will be granted based on experience and management's evaluation of credit judgment.

Principal Accountabilities:

• To render underwriting decisions and opine to satisfactory validation and documentation of AUS findings thus ensuring Bank and investor guidelines are met.
• Stay current with underwriting, appraisal, compliance and regulatory changes.
• Serve as the Subject Matter Expert and resource in mortgage loan underwriting matters for management, staff and originators.
• Provide continuing education for other department members.
• Assist with special projects and initiatives within the department.
• Prepare monthly review and assessment of underwriting exceptions to policy and areas of concern for department management.

• Regular attendance required, working at the work site during regular business hours and/or assigned hours

Minimum Qualifications:

• High School diploma and some level of higher education attained.
• Three years experience working with FHLMC/FNMA/FHA/VA programs and guidelines, as well as other conventional investors and mortgage insurers.
• Versed in AUS with a thorough knowledge of loan underwriting and processing functions.
• Experience with consumer laws and regulations
• Effective verbal and written communication skills.
• This position may require S.A.F.E. registration. All employees who will be engaged in residential mortgage originations must register with the federal registry system and maintain a status in good standing under the SAFE act requirements.

Preferred Qualifications:

• Bachelors Degree in business or related field.
• FHA DE & VA LAPP approval preferred
• Experience with establishing and maintaining underwriting controls.
• Ability to make business decisions outside of standard underwriting guidelines.
• Knowledge of the loan application, processing, documentation and loan selling processes.
• Three years of management or supervisory experience.

Physical Requirements:

The work environment is typical of a standard office setting. The position is sedentary, exerting 0 – 10 lbs. of force occasionally and/or a negligible amount of force frequently. It involves sitting most of the time but may also involve walking or standing for brief periods of time. Reaching may be required involving extending arms in any direction. Office equipment, such as a computer and telephone will be used requiring the use of hands and fingers to manipulate a keyboard or keypad. Visual ability to read a computer screen or written documents is necessary. Speaking ability to express or exchange ideas; impart oral information to customers or to the public; or convey detailed or important spoken instructions by means of the spoken word is required. Hearing is necessary to receive detailed information through oral communication.