Underwriter III

Underwriter III

Requirements

• High School Diploma or equivalent required; 4-year college degree preferred.
• 5+ years of underwriting experience with conforming and non-conforming loans.
• Mortgage banking industry experience with Jumbo Loans and/or Government Products a plus.
• FHA and/or VA Designations Required
• Technical experience necessary: Windows, Excel, Word, PowerPoint, Underwriting software and systems.

Responsibilities

• Review, analyze and make final determination on loan submissions using manual underwriting guidelines as well as validating recommendations.
• Underwrite loans as determined by lending authority set by management.
• Work with Lending Teams to identify potential solutions/alternatives for difficult/denied loan files.
• Communicate with internal and external clients on inquiries on loans underwritten by Vendors.
• Research and respond to team lead on loans requiring additional escalation and review and ability to summarize issues, concerns, and recommendations.
• Proactively addresses underwriting submission deficiencies.
• Provide back-up support to Team Leader as necessary to ensure efficient operations and smooth and timely flow of work.
• Review and maintain guidelines to stay up to date with all requirements.
• Maintain department resource library to maintain reference material.
• Review of audit files for Quality/Funding issues to determine compliance and acceptance of loan.
• Assist in correction of delivery violations and government ensuring deficiencies on specific files as required.
• Analyze Trust agreements as needed.
• Participate in the orientation of new personnel to ensure consistency.
• Provide technical support for systems as necessary.
• Performs related duties as assigned by supervisor.

Preferred Qualifications

• 4-year college degree preferred.
• Mortgage banking industry experience with Jumbo Loans and/or Government Products a plus.