Regional Community Bank Opportunity   Competitive Salary, Bank Benefits, Growth Opportunity, Ranked on of the best banks in the region!!  REMOTE

PURPOSE OF JOB

This position reviews residential mortgage loans and ensures the loans meet or exceed industry standards for investment quality and acceptable risk. During the review process, the underwriter reviews disclosures for compliance to state and federal laws and regulations. Employee reviews and understands various loan documents in an effort to rate the risk for default and potential for loss over the life of residential mortgage loans. Guidelines directing the underwriter’s review may come from Fannie Mae, Freddie Mac, VA, FHA, USDA RD, various investors, and state and federal regulators.

JOB DUTIES AND RESPONSIBILITIES

• Works with conventional and government insured, or government guaranteed loans including but not limited to loans defined as; Fannie Mae, Freddie Mac, FHA, VA, and Rural Development USDA
• Reviews files with conforming and non-conforming loan amount
• Reviews credit reports, employment verifications, paystubs, tax returns, bank statements, divorce decrees, bankruptcy filings, and many other personal documents related to credit, income and assets
• Reviews collateral related documentation such as appraisals, property surveys, inspection reports, title commitments, sales contracts, flood zone certificates and other real estate related documents
• Compares the loan profile to prescribed guidelines
• Validates the authenticity and integrity of documents provided
• Communicates loan decisions to the appropriate personnel as directed by their supervisor
• Assists post- closing coordinator in clearing additional conditions required by investors
• Stays current on all agency investor, Federal, and state regulations and guidelines related to mortgage lending
• Assists with internal and external audits as directed
• Provides timely responses for loan decisions and condition clearing
• Works with closing coordinator to properly close loans with the correct documents, terms and conditions required, and assists in making corrections when needed to close a loan and to meet deadlines

JOB REQUIREMENTS AND QUALIFICATIONS

• College degree or equivalent professional experience related to residential mortgage loan underwriting required
• Minimum of three years of successful mortgage loan underwriting experience required
• Direct Endorsement (DE) and VA SAR designations (Required)
• Comprehensive knowledge of loan origination system(s),
• Good Microsoft Office skills
• Ability to communicate effectively through writing, speaking and listening
• Ability to work effectively and accurately with internal and external customers to speed the loan review
• Ability to respond to questions and defend underwriting decisions in a professional and productive manner
• Ability to multi-task and handle interruptions while maintaining excellent organizational and attention to detail skills