Loan Underwriter

Job Profile Summary:

Depth & Scope

• Underwrites ethical and salable residential mortgage and consumer loans and evaluate risk while insuring the quality of eachloan submitted
• Approves loans, issues alternative options, or adverse action accordingly using sound judgment while applying bank policiesand procedures
• Validates the data entry to the appropriate Loan Operating System and evaluates all applicable documentation as required by job function and condition
• Demonstrates In-depth knowledge of regulatory, investor and departmental lending policies for underwriting of conventionalloan requests
• Evaluates all documents and condition loan accordingly. Inform Processor of any additional items necessary to substantiateloan request
• Identifies loans for exceptions while ensuring proper procedures are followed for approval and documentation and assists inclearing or resolving any issues
• Notifies Management of integrity issues and ensures files are compliant to internal guidelines and external regulatoryrequirements
• Maintains knowledge of loan product guidelines, internal policies and procedures, and regulatory requirements
• May coach and mentor assigned operations staff and assists with training and guidance as assigned by UnderwritingManager
  

Education & Experience

• High school diploma or GED required
• 1-2 years underwriting experience and/or 2 + years of loan processing experience
• Working knowledge of loan underwriting and documentation requirements
• Knowledge of Agency Guidelines and DU automated underwriting system and the ability to provide excellent customer service to both internal and external customers
• Excellent oral and written communication skills
• Solid PC skills
• Knowledge of regulatory, investor and departmental lending policies for underwriting
• Knowledge of CRA products and industry
• Detail oriented, possessing excellent organizational, analytical and decision making skills
• Ability to communicate with multiple business partners in the organization
• Ability to handle heavy workload, multitask and meet stringent deadlines