Senior Underwriter

Position Summary

The Senior Underwriter is responsible for evaluating and determining the eligibility of loan applications.

Responsibilities

• Handle complex underwriting decisions requiring senior knowledge and analyzing loan risk.
• Authorize and underwrite loans.
• Review and verify loan applications and supporting documentation.
• Prepare reports on assessment findings.
• Make loan eligibility decisions and approve or reject applications.
• Review and specify loan conditions as necessary.
• Document and effectively communicate reasons for the approval/rejection of loans.
• Regular, reliable, and predictable attendance.

Marginal Functions

• Comply with industry-related regulations, requirements, and state/federal laws as applicable to the job duties of this position.
• May provide training and direction to team members in order to assure clear understanding of compliance and lending guidelines, particularly with those intending to eventually serve in an Underwriter role.
• Returning applications with additional documentation to the loan officer for review.
• Maintain compliance with and adhere to all state and federal regulations and bank policies and procedures, including, but not limited to Bank Secrecy Act, FACT ACT, Community Reinvestment Act, and EEO/AA/Fair Employment Practices.
• All other duties as assigned.

Minimum Educational & Experience Requirements

• A high school diploma or equivalent required.
• A bachelor’s degree in business, banking, or finance preferred.
• Minimum of 7-10 years of mortgage underwriting experience.
• Senior knowledge of mortgage loan processing and relevant legal regulations.
• Approved DE, VA, FHA, USDA approved designations.

Minimum Skill Requirements

• Proficiency in MS Office.
• Understanding and familiarity with Encompass LOS required.
• A high degree of detail orientation.
• Professional and effective verbal and written communications.
• Ability to develop strong relationships across teams.
• Capability to think holistically with business intuition.
• Knowledge of the mortgage industry and terminology.
• Must be flexible, high energy, and able to pivot as needs and importance of projects change.
• Strong work ethic & discipline required to develop and maintain excellent production and quality results.
• A proficient understanding of Encompass and Encompass closing docs.