SUMMARY:

Responsible for the underwriting of conventional, jumbo, FHA, VA, correspondent, and portfolio mortgages. Responsible for managing loan approvals up to the delegating underwriting authority and managing credit quality in line with bank guidelines.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following:

• Underwrite loan files in accordance with accredited lending policies including quantitative and qualitative loan criteria; income, credit and property worthiness, employment history, and borrowers outstanding debt to income calculations.

• Manage daily work flow expectations in line with production fluctuations and credit quality initiatives provided by the Underwriting Manager.

• Provides ongoing feedback to production staff including questions and answers associated with mortgage file reviews.

• Assist in the distribution of new and updated information regarding loan file credit quality.

• Support peer underwriters with a second review as required by Policy.

• Maintain operational relationships with agencies (FNMA, FHLMC, FHA, VA, USDA, State Bonds) and other correspondent investors.

• Review, assist, and comply with audit findings, compliance reviews, quality control findings, and other internal and external reviews related to underwriting quality.

• Participate in post closing reviews prior to investor purchases in order to identify changes in quality oversight required during the origination process.

• Underwrite loans in loan with FNMA, FHLMC, FHA, VA, USDA, and other correspondent investor guidelines.

• Other duties as assigned.

EDUCATION and/or EXPERIENCE

• Bachelor’s degree in related field or equivalent work experience.

• Minimum of 5 years of mortgage banking underwriting experience.

• Excellent written and verbal communication skills.

• Excellent mathematical, analytical, and organizational skills.

• Proficient in automated underwriting systems as well as Microsoft Word and Excel.

• Up to date knowledge of industry specific guidelines and procedures including an in depth understanding of loan processing and risk analysis.

• Ability to work closely and efficiently with other banking departments.

• Strong customer service skills required for internal and external customer communications.

• Required underwriting approvals with FNMA, FHLMC, FHA, VA, USDA, and HUD.

COMPUTER SKILLS

To perform this job successfully, an individual should be proficient in Microsoft Office Products and other Database software.

PHYSICAL DEMANDS AND WORK ENVIRONMENT

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• The employee will primarily operate in a general office environment, using office equipment such as a phone and a computer.
• The noise level in the work environment is moderate as compared to a private office with light foot traffic and office equipment. The employee must be able and willing to work in an open environment and able to interact frequently with other departments.