Real Estate Loan Underwriter III

What You’ll Be Doing

• Has primary responsibility for loan quality.
• Ensures that approved loans meet State and Federal regulatory requirements, investor requirements and internal Lending Policy and Standard Operation Procedures (SOP’s).
• Underwrites real estate loan requests in a manner that is compliant with internal Lending Policies, SOP’s, including matrices and Investor guidelines.
• Provides upfront credit approval and final approval on all loans within individual lending authority limits.
• Applies team and department “Best Practices” as instructed by Management.
• Continues to develop knowledge in secondary investor lending requirements and SchoolsFirst FCU lending policies, guidelines, and operating systems.
• Is accountable for reviewing internal policy documents and SOP’s on a frequent basis to ensure that skills and understanding are current.
• Is familiar with the AllReg’s system to review investor guidelines as needed.
• When necessary, assists in processing applications by performing processing functions including Member contact updates, third party communication, and other processing or loan closing tasks.
• Is the initial contact for escalated Member calls regarding appraisals, counter-offers or loan stipulations requested.
• Mentors loan consultants, processors and closers and leads these groups in developing skills and experience with loan requirements.
• Safeguards Loan Operating System (LOS) is updated in all required areas on a daily basis.
• Reviews SOP exception requests, or provides loan counter-offers and either approves within individual limits or makes a decision recommendation to senior underwriter or management.
• Ensures that department turnaround times for period from receipt of completed application to credit approval then funding are met.

Qualifications

• A High School Diploma or GED is required.
• 3-5 years of prior related experience is required.