Reviews, evaluates, and approves, counters, or denies mortgage loan files ensuring compliance with federal lending
regulations, the internal Real Estate Mortgage Lending Policy, as well as Fannie Mae (FNMA), Freddie Mac (FHLMC),
Private Mortgage Insurance and other investor underwriting guidelines.
- Underwrites an equal share of overall mortgage loan volume and provides guidance to
Origination and Processing team members on various complex scenarios. Demonstrates
effective and timely communication with team members to meet deadlines.
- Receives and reviews loan files for sufficient documentation for analysis to make an informed
loan decision based on the product description and standard underwriting guidelines. If
there is insufficient information, requests the required information or documentation from
the Processor or Originator, to acquire from borrower. Completes a thorough analysis of the
loan package to determine compliance with internal policies and procedures and/or investor
guidelines and regulatory requirements.
- Documents file if a policy, procedure, or guideline exception is made ensuring the type of
exception and compensating factors to support the decision are present.
- Selects the private mortgage insurance company to ensure best option for both organization
and borrower is provided to all loan files above 80% loan-to-value. Must adhere to PMI
company guideline requirements.
- When loan decision results in a denial, submits the loan file to appropriate party for dual
review and prepares the Adverse Action Notice.
- Reviews and decisions Assumption Release (Release of Co-Borrower) requests, following
standard underwriting guidelines, investor requirements and lending regulations as
applicable.
- Provides second reviews of appraisals in a support capacity to Appraisal Department as
needed. Confirm accuracy of information, determine if the comparable sales used are within
reasonable tolerance to support the final value, and if any additional underwriting
considerations need to be made based on the condition of the property and if other
conditions are required by the appraiser.
- Must comply with all company policies and procedures, applicable laws and regulations,
including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign
Assets Control.
Knowledge and Skills
EXPERIENCE
Three to five years of similar or related experience, including preparatory experience.
EDUCATION/CERTIFICATIONS/LICENSES
A college degree or related experience. Must maintain active/current registration with the National Mortgage
Licensing System (NMLS) throughout employment.
INTERPERSONAL SKILLS
A significant level of trust, credibility and diplomacy is required. In-depth dialogue, conversations and explanations
with customers, direct and indirect reports and outside vendors can be of sensitive and/or highly confidential nature.
Communication may involve motivating, influencing, educating, and/or advising others on matters of significance.
Typically, it includes subject matter experts as well as first to middle level managers.
OTHER SKILLS
COMPETENCIES: Must be at least 18 years of age. Favorable Background, Credit, Criminal, Bondability, and Reference
Checks required. (Motor Vehicle check depending on position.) Travel to other branches or locations may be required
depending on position. Knowledge of State and Federal regulations affecting consumer loans. Knowledge of
consumer loan policies, procedures, products, and services.
ADA Requirements
PHYSICAL REQUIREMENTS
Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 10 lbs. Must be
capable of climbing / descending stairs in emergency situation. Must be able to operate routine office equipment
including telephone, copier, facsimile, and calculator. Must be able to routinely perform work on computer for an
average of 6-8 hours per day, when necessary. Must be able to work extended hours whenever required or
requested by management. Must be capable of regular, reliable and timely attendance.
WORKING CONDITIONS
Must be able to routinely perform work indoors in climate-controlled shared work area with moderate noise.
MENTAL AND/OR EMOTIONAL REQUIREMENTS
Must be able to perform job functions independently or with limited supervision and work effectively either on own
or as part of a team. Must be able to read and carry out various written instructions and follow oral instructions. Must
be able to speak clearly and deliver information in a logical and understandable sequence. Must be capable of
dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within
and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with
the public. Must be able to perform responsibilities with composure under the stress of deadlines / requirements for
extreme accuracy and quality and/or fast pace. Must be able to effectively handle multiple, simultaneous, and
changing priorities. Must be capable of exercising highest level of discretion on both internal and external
confidential matters.