Mortgage Underwriter (Remote within Bank Footprint)

Job Details

Description

POSITION SUMMARY

As a Mortgage Underwriter, you are responsible for reviewing all aspects of a Mortgage Loan file, including title and credit, for accuracy. In this role, you will complete all underwriting functions in accordance with various program requirements, Bank standards, and related legal and regulatory requirements. You will ensure that all lending conditions have been satisfied prior to closing. As an Underwriter, you will act as a Subject Matter Expert and approve loans within specified limits and refer loan applications outside those limits to management. You will professionally communicate decisions, issues and conditions to lender/Loan Officer and consistently ensure the loan quality of all loans underwritten. As a representative of the bank, you are required to present a positive and professional image at all times.

Job Requirements

• High school diploma or equivalent required
• 5-7 years underwriting FHA, VA, USDA, JUMBO and Conventional loans required
• FHA Direct Endorsement (DE) Underwriter designation required
• VA Staff Appraisal Reviewer (SAR) designation required
• Knowledge of Secondary Market guidelines required
• Encompass experience preferred
• Non-QM experience preferred
  
  

COMPETENCIES

• Ability to consistently display a professional demeanor
• Possess good organizational skills
• Be self-motivated and possess the ability to adjust to a fast-paced, multi-demand, ever-changing work environment
• Possess exceptional customer service skills
• Possess professional, clear and concise communication skills
• Ability to interact with various levels of staff and vendors
• Ability to work independently and keep supervisor updated appropriately
• Possess extensive follow-up skills
• Possess advanced computer skills in applications such as Microsoft Excel, Microsoft Word and Windows-based applications
• Possess experience in underwriting THDA and USDA programs
• Possess strong analytical skills
• Ability to make quality decisions while meeting company turn-time guidelines
• Possess knowledge of Fannie, Freddie, HUD and VA, USDA guidelines
• Proven use and knowledge of AUS and GUS
  
  

Duties And Responsibilities

• Review appraisals and ensure that risks are appropriate and meet all guidelines of the applicable loan type
• Review all aspects of a Mortgage Loan file, including title and credit, for accuracy
• Analyze an applicant’s credit history and financial information to assess risk profile and eligibility
• Calculate income on borrowers to determine their ability to manage loan obligations
• Approve loans within specified limits, and refer loan applications outside those limits to management for approval
• Effectively communicate, and work through, complex files with Production team and Management
• Perform second reviews of files underwriting by other underwriting teammates
• Act as a recognized subject matter expert within the Company and partners with management on underwriting-related issues by providing analytical support, and counseling advice for their functional areas
• Review private mortgage insurance for applicable loans
• Rework loans to new terms, and identify additional conditions as needed
• Complete all underwriting functions in accordance with various program requirements, Bank standards, and related legal and regulatory requirements
• Complete related documentation and reports
• Maintain mortgage loan files and ensure their completeness
• Ensure that all lending conditions have been satisfactorily met prior to closing
• Ensure the marketability of closed loans
• Establish and maintain effective communication and coordination with management by assisting and supporting loan officers and operations staff as needed
• Answer questions from Mortgage Lending personnel regarding guidelines of multiple investors, government agency, GSE’s, policies and procedures
• Keep management informed of area activities and of any significant problems
• Attend and participate in meetings and committees as required
• Establish and maintain professional working relations external lending professionals and governmental agencies
• Convey correct information regarding loan policies and procedures
• Maintain and continued knowledge of underwriting requirements and policies, and investor guidelines
• Stay informed of modifications and updates in software applications
• Complete special projects as assigned
• Provide suggestions for improvements in underwriting policies and procedures
• Meet minimum KPI requirements for new loan files and resubmissions monthly
• Maintain compliance with regulations and bank policies and procedures, including the Bank Secrecy Act (BSA) and the Office of Foreign Assets Control (OFAC) requirements
• Actively support the ongoing development of a culturally diverse workforce
• Complete other duties as assigned as determined by management to be reasonable and beneficial
  
  

Physical Requirements

While performing the duties of this job, the employee is regularly required to communicate effectively with lenders, clients, management and employees. Regular use of the telephone and email for communication is essential. Remaining in a stationary position for extended periods operating a computer of time is common. Must be able to accurately gather and process verbal and written information and properly prepare or inspect documents. Good manual dexterity is needed for the frequent use of common office equipment such as computer terminals, calculators, copiers and telephones. Occasional travel may be required.