What are the responsibilities and job description for the Mortgage Loan Underwriter position at LBC Mortgage?
Job Summary
We are seeking a detail-oriented and analytical Mortgage Underwriter to join our dynamic team. The ideal candidate will be responsible for evaluating mortgage applications, assessing risk, and ensuring compliance with lending guidelines. This role requires a strong understanding of financial concepts and the ability to make informed decisions based on thorough analysis. The Mortgage Underwriter will play a crucial role in facilitating the loan origination process while maintaining high standards of accuracy and efficiency.
Responsibilities
- Review and analyze mortgage loan applications to determine eligibility based on company policies and regulatory requirements.
- Conduct thorough financial analysis, including assessing credit reports, income documentation, and asset verification.
- Evaluate borrower financial profiles using financial software to ensure sound underwriting decisions.
- Collaborate with loan officers and other stakeholders to gather necessary documentation and clarify any discrepancies.
- Perform portfolio management by monitoring existing loans and identifying potential risks or issues.
- Utilize research data collection techniques to gather relevant information for underwriting decisions.
- Stay updated on industry trends, regulations, and best practices in financial services to enhance underwriting processes.
- Provide recommendations for loan approvals or denials based on comprehensive risk assessments.
Experience
- Proven experience in mortgage underwriting or a related field within the banking or financial services industry.
- Strong knowledge of loan origination processes and financial concepts.
- Proficiency in financial analysis techniques and the use of financial software tools.
- Familiarity with tax documentation and its implications on mortgage applications is preferred.
- Excellent attention to detail with strong organizational skills to manage multiple applications simultaneously.
- Ability to communicate effectively with team members and clients while maintaining professionalism.
Join us in shaping the future of home financing by applying your expertise as a Mortgage Underwriter!
Job Type: Full-time
Work Location: In person