Mortgage Underwriter Sr 9/3/2016
JOB DESCRIPTIONAPPLY Mortgage Underwriter Sr
A Senior Mortgage Underwriter works under limited supervision and renders credit decisions by evaluating residential mortgage customer applications. Underwrites loans at all complexity and loan amount levels. Ensures compliance with appropriate company and Agency/Investor guidelines. As assigned, performs work that is focused specifically on the collateral review and analysis function.
Senior Mortgage Underwriter ESSENTIAL FUNCTIONS
*Examines overall loan documentation to ensure accuracy and completeness.
*Reviews loan to value ratio, credit reports, applications, etc. on the most complex applications, to ensure each loan meets company standards for sales into the secondary market.
*Analyzes applicants' financial information to determine the borrower's Ability to Repay under CFPB guidelines.
*Provides an underwriting decision to either approve or deny loans within agency, investor and bank guidelines.
*Renegotiates loans and provides others with assistance in the renegotiation process based on lending guidelines.
*Ensures loan agreements are complete, accurate and in accordance with Bank policy.
*Communicates with Wholesale Mortgage Clients to convey loan decisions, discuss scenarios, and resolve issues.
EDUCATION AND EXPERIENCE
*High School Diploma, College Degree in related field preferred.
*Minimum of five years experience as a Mortgage Underwriter or equivalent relevant experience in mortgage lending.
*Minimum of five years of appraisal review experience.
Senior Mortgage Underwriter KNOWLEDGE, SKILLS AND ABILITIES
*Thorough knowledge of financial analysis techniques.
*Strong leadership skills.
*Good understanding of investor requirements.