Responsible for reviewing mortgage residential loans and ensuring compliance with regulations and investor procedures. The mortgage underwriter will analyze, evaluate, and approve mortgage loan applications in compliance with all Federal and state laws and regulations and bank guidelines. Responsible for examining loan information for accuracy and working with Mortgage Processors to acquire required documentation. Stay knowledgeable of new regulations, procedures, RESPA and provide consultation.
Establish relationships and teamwork with customers through friendly customer service.
Evaluate credit, income, asset, and property documentation received from the consumer to ensure compliance with FNMA, FHLMC, FHA/VA and investor guidelines.
Assess and ensure all applicants are in compliance with all bank portfolio underwriting guidelines.
Examine loan portfolios and recommend alternative solutions for loans that fall outside bank guidelines.
Provide support to the branch and mortgage bankers by communicating mortgage loan statuses, procedures, standards, and current product offerings.
Build and maintain knowledge of new bank regulations and loan programs.
Provide daily and weekly updates to management team on loan status.
High level of organization
Detail focus on standards
Knowledge of regulations and guidelines
Cooperation and teamwork essential
Knowledge of finance, accounting and math principals
License in either FHA DE or SAR/LAPP
Education and Experience:
5+ years of mortgage underwriting experience
High school diploma or equivalent experience
Very competitive compensation plan, great benefits package - medical, dental, vision, life insurance, 401k matching