What are the responsibilities and job description for the Mortgage Loan Underwriter (24-78) position at The Adam Corporation Group?
Mortgage Loan Underwriter
Location: College Station, TX
Job Summary:
The Mortgage Underwriter is responsible for reviewing all loan origination packages for accuracy and completeness, according to the guidelines established by the Bank, Fannie Mae, Correspondent Investors, and Federal/State Regulations. The Mortgage Underwriter has an approved credit authority and makes recommendations on loans exceeding their authority. They advise origination staff on underwriting questions and loan stability and work with them to achieve closing deadlines.
Job Duties & Responsibilities:
- Underwrite residential mortgage loans in compliance with program guidelines established by American Momentum Bank, Fannie Mae and Correspondent Investors. Research specific loan characteristics/requirements and advise staff on qualifying credit criteria.
- Compliance Review – Review mortgage loan files for compliance with Regulations (such as Reg. Z-TILA, Reg. X-RESPA, and Reg. C-HMDA).
- Review periodic changes to Agency/Investor guidelines, and assist in relaying information on changes to the production and operations staff.
- Knowledgeable in financial institution operating policies and procedures and banking regulations, state and federal.
Key Qualifications:
- Mortgage Loan Underwriting experience - 2 years.
- Mortgage Loan Processing, Closing, or Origination experience preferred – 2 years.
- Extensive knowledge of Fannie Mae Guidelines and AUS.
- Strong background in regulatory compliance and real estate documentation.
- High School Diploma or equivalent.
- Bachelor’s Degree in Business, Business Administration, Finance, or related field preferred.
- Excellent verbal and written communication skills, analytical and problem solving skills.
