Mortgage Underwriter

Mortgage Underwriter

The Mortgage Underwriter is responsible for the timely and accurate underwriting of all mortgage loan files according to bank and investor guideline and compliance regulations.

The incumbent will:

• Underwrite mortgage loans to ensure compliance with bank and investor guidelines
• Assess loan attributes and documentation for soundness and accuracy
• Evaluate debt ratio, loan-to-value ratio, credit score, and appraisal to meet investor guidelines
• Review and analyze appraisals to ensure loan risk is acceptable to bank and investor guidelines
• Determine and document loan conditions, requirements, and decisions
• Evaluate Loan Estimate (LE) for accuracy and compliance with RESPA and TRID
• Utilize an Automated Underwriting System (AUS) or predetermined guidelines to underwrite loans
• Stay abreast of Private Mortgage Insurance (PMI) guidelines and order PMI as necessary
• Maintain knowledge of all applicable underwriting guidelines
• Review legal and regulatory compliance documents for accuracy
• Provide strong and clear communication to other mortgage department personnel and borrowers regarding documents needed for mortgage loan files to ensure quick turnaround time
• Provide guidance to processors regarding procedures and requirements
• Assist closing/post-closing personnel to ensure loan is purchased by investor
• Perform administrative duties such as faxing, photocopying, filing and phone support as necessary
• Responsible for being familiar with all compliance regulations and policies that are applicable to this position and follow and ensure compliance with these regulations and policies

Note: Reasonable accommodation may be made to enable otherwise qualified associates/applicants with disabilities to perform the essential functions of the job.

Note: Additional duties and responsibilities may be assigned.

Minimum qualifications:

• High school diploma or equivalent; some college preferred
• Five (5) years of mortgage lending experience
• Three (3) years of mortgage underwriting experience
• Previous experience using automated underwriting technology preferred
• Basic knowledge of bank operations and products
• Basic knowledge of federal and state banking compliance regulations, and other Bank operational policies
• Knowledge of federal and state regulations regarding lending and related consumer disclosure requirements
• Excellent knowledge of agency and investor guidelines
• Effective oral, written and interpersonal communication skills with the ability to carry out instructions, understand procedures and write correspondence
• Proficient in Microsoft Outlook, Word and Excel
• Excellent customer service and time management skills
• Ability to multitask, as shown in previous experience completing tasks under time constraints
• Good organizational skills
• Good data entry/keyboarding and math skills

Physical requirements and environmental conditions:

• Sustained standing and sitting
• Frequent use of PC, including typing or sustained attention to monitor
• Frequent typing using a keyboard and/or calculator
• Occasional lifting of basic office files or equipment up to 20 lbs
• Normal office environment with comfortable internal temperatures and low level noise

EOE/AA