Senior Mortgage Loan Underwriter

Description

Position Summary:

The Senior Mortgage Loan Underwriter is responsible for performing initial underwriting analysis of 1-4 family mortgage and HELOCs to M2 standards and regulatory guidelines. This role serves as a senior member of the loan underwriting team and will assist with mentoring and training other loan underwriters (CD added to match processors).

Duties and Responsibilities:

1. Analyzes information to determine risk involved in lending money for mortgage loans, income, assets, credit and any supporting documentation to ensure sufficient to loan standards, including FNMA/FHLMC and non-agency guidelines.
2. Uses their 7-10 years of experience in making the initial credit decision to approve, deny or suspend more complex loans in compliance with Regulation B and maintain Regulation B report and compliance data.
3. Provides support to Underwriters, including review of PTC conditions, appraisals, copying and submission of loan files to MI and investors.
4. Reviews all borrower and non-borrower conditions to determine that they satisfy the requirements to issue a clear-to-close.
5. Responds to inquiries from others to clarify requirements and resolve issues.
6. Mentors less experienced coworkers.
7. Interfaces with MLOs, LPAs, Processors and Closers to address PTC and PTF condition issues and assist those parties to clear the loan for closing.
8. Runs and analyzes AUS, CU, Early check and GUS as directed. 
9. Complies with all applicable banking laws and regulations, including, but not limited to the Bank Secrecy Act, USA Patriot Act, and related anti-money laundering statutes, and federal consumer protection legislation and regulations.
10. Other duties as required.

We are an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.

Requirements

Qualifications and Skills:

1. 7-10 years mortgage loan experience is required.
2. DE and LAPP credentials preferred.
3. Experience with lending laws, regulations and guidelines is required.
4. Proficiency in MS Office [Outlook, Excel, Word] or similar software is required.
5. Proficiency working in lending systems including Encompass, Cleartouch, OnBase, various government and investor software/web portals is preferred. Credit reporting sites, USPS address verification search, personal and business name search websites are preferred.
6. High School Diploma or equivalent is required; Bachelor’s degree is preferred.

Necessary competencies:

1. Process Oriented
2. Quality Focused
3. Resourcefulness
4. Communication
5. Accountability
6. Relations with Others
7. Service Orientation

Physical Environment:

• While performing the duties of this job, the employee is regularly required to lift, walk, stand, sit, bend, reach with hands and arms, climb, push/pull, use hands, and see, hear and speak.
• The employee must occasionally lift and/or move up to 25 pounds.
• The noise level in the work environment is usually quiet to moderate.
• This position is performed in a remote setting, five days a week with typical work hours being 8.30a through 5.15p.
• This position may be eligible for hybrid work.