Mortgage Underwriter

GENERAL PURPOSE SUMMARY

Provides quality mortgage-backed loans to investors and the bank, approves and makes denial recommendations for loans to ensure compliance with bank, investor, agency, and regulatory underwriting guidelines by performing the following essential duties and responsibilities:

ESSENTIAL DUTIES AND RESPONSIBILITIES

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Analyzes credit and property documentation included in conventional, FHA, VA, USDA loans to assess overall risk to the bank ensuring that sound lending policies are made; evaluates and identifies the impact of lending decisions on the Community Reinvestment Act and Federal Fair Lending policies and regulations. Provides quality mortgage-backed loans to investors and the bank, approves and makes denial recommendations for loans to ensure compliance with Bank, investor, agency, and regulatory underwriting guidelines.
• Evaluates risk and communicates findings to Mortgage Lending or branch personnel responsible for loan file; resolves adverse investor and/or audit findings and clears discrepancies within authority ensuring loan files' compliance with investor and insurers' guidelines, federal regulations and bank policy.
• Provides advice and assistance on real estate lending programs and guideline requirements to branches, management and Mortgage Lending or branch personnel to ensure loan approval underwriting conditions are met.
• Performs reviews of appraisal reports, adhering to the real estate lending standards, policies, procedures and controls. Reviews title documents and all applicable compliance documents.
• Maintains awareness of changing economic conditions, new trends and developments in the local and national real estate and insured-mortgage markets.
• Performs other work-related duties as assigned by supervisor.

COMPLIANCE EXPECTATIONS

• Stay up to date on relevant laws and regulations and complete all compliance training on time.
• Knowledgeable of and comply with bank policies, procedures, laws, and regulations that apply to you and your job.
• Maintain customer confidence and protect the bank's operations by identifying and protecting confidential information.