Mortgage Loan Underwriter II (MORTG012900)

About the role

The Mortgage Loan Underwriter II is responsible for the underwriting function for residential mortgage loans and related products. This position has delegated decision-making authority on originated applications within HBI, investor, or agency guidelines or parameters. Additionally, the Underwriter is responsible for the monitoring of and complying with regulatory compliance on all applications.

Responsibilities

• Underwrite Conventional, FHA, VA and Rural Development loans, analyze borrowers' credit to determine repayment capacity and willingness.
• Evaluate mortgage loan applications to maximize organizational profit and minimize risk or loss.
• Thoroughly examine appraisals to ensure property adequacy as collateral.
• Ensure all documents in the underwriting package comply with application program guidelines for various investors and government programs.
• Provide a second review of another HBI underwriter's denial of a loan application.
• Communicate with loan officers/originators and processors regarding underwriting turn times and required items.
• Resolve problems with mortgage loan files for loan officers/originators and processors.
• Demonstrate a team player personality delivering good service to customers while making prudent underwriting decisions.
• Refer customers to other bank personnel as needed.
• Perform daily duties on all bank systems and Mortgage operating systems such as DU, DO, LP, Encompass, and Doc Magic if needed.
• Identify training needs for loan officers/originators and processors.
• Identify cross-selling opportunities.
• Complete required BSA/AML training and other compliance training as assigned.

Qualifications

• Broad knowledge of accounting, marketing, business administration, finance, etc.
• Equivalent to a four-year college degree, plus 5 years related experience and/or training, and 3 years related management experience, or equivalent combination of education and experience.
• Excellent communication skills, including writing reports, business correspondence, and policy/procedure manuals.
• Strong mathematical skills, including the ability to calculate figures and amounts such as counts, interest, commissions, proportions, percentages, area, circumference, and volume.
• Ability to define problems, collect data, establish facts, and draw valid conclusions.
• Ability to interpret technical instructions in mathematical or diagram form and deal with abstract and concrete variables.
• Required certificates/licenses/registrations: Investor delegated authority, FHA Direct Endorsement.