What are the responsibilities and job description for the Mortgage Loan Underwriter II position at First Bank?
SUMMARY:
The Position of Mortgage Loan Underwriter II is responsible for analyzing and evaluating residential mortgage applications for approval and sale on the secondary market and in house. Loans are underwritten in a manner to ensure compliance with Bank policies and procedures, State and Federal Regulations, Agency, Government and investor guidelines. This would be a senior level in the underwriting field.
ESSENTIAL FUNCTIONS:
- Accesses risk regarding the applicant’s financial status, with regard to credit and income.
- Must have the ability to read and analyze tax returns and financial statements.
- Evaluates property appraisal to determine compliance with appropriate guidelines.
- Has knowledge of all federal and state regulations regarding lending and related departments.
- Maintains awareness of current and ever changing investor/agency/government guidelines.
- Keeps informed of current underwriting practices and assists in updating the Bank underwriting policies.
- Confers with Processors/Loan Officers to aid in resolving issues that arise during the underwriting or closing of loans.
- Assists in training the mortgage department staff as well as the processors and loan officers on underwriting guidelines.
- Assists in answering questions to the underwriting scenario help desk.
- Develops and maintains knowledge of financial industry, economy and market conditions.
- Completes annual compliance courses.
- Adheres specifically to all corporate policies and procedures. Also adheres to Federal and State regulations and laws; including, the Bank Secrecy Act and the Anti-Money Laundering Act.
- Adheres to all levels of our Service Excellence standards.
- Performs other duties as required.
GENERAL QUALIFICATIONS:
Knowledge & Experience: These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. Individual abilities may result in some deviation from these guidelines.
A high school diploma or general education degree (GED) is required. Ten years of underwriting experience or multiple underwriting designations from FHA, VA and/or USDA. Work related experience should consist of duties in a business environment. Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related.
Physical Demands/Work Environment: Vision, hearing, speech, dexterity, visual concentration. A valid driver’s license is required. Must have the ability to stand, walk, sit and use hands and fingers. Must have the ability to work the hours and days required to complete the essential functions of the position, as scheduled. The environment is a professional office with standard office equipment.
Cognitive Requirements: Learning, thinking, concentration, ability to exercise self-control, ability to work in a customer relations’ environment. Must be able to pay close attention to detail and be able to work as a member of a team. Must have the ability to interact effectively with co-workers and customers, and exercise self-control and diplomacy in customer and employee relations’ situations. Must have the ability to exercise discretion as well as appropriate judgments when necessary.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
