Underwriter

About the role

First Federal Bank of Louisiana is a full-service, locally owned community bank that has been serving the communities of Southwest and Central Louisiana for over 75 years. With over one billion dollars in assets and 16 offices, they offer a range of retail and commercial products as well as investment services.

Responsibilities

• Reviews real estate applications according to FannieMae (FNMA), FHA, VA, Rural Housing (RH), Private Mortgage Insurance (PMI), Secondary Market, Special Programs and Bank guidelines, to determine credit worthiness of loan applicants
• Reviews appraisals for completeness, consistency and accuracy in arriving at a valuation; enters data in appropriate systems/databases, if necessary and as required by regulation
• Prepares exception sheets, evaluation analysis, loan submission sheets, etc., as required
• Reviews all documentation as it is received; clears underwriting exceptions and/or conditions
• Suspends loan files that are incomplete; requests additional information from Loan Officers when appropriate
• Sets up Private Mortgage Insurance (PMI) approval
• Sets up USDA Rural Housing (RH) and loan information for RH approval
• Orders Certificate of Eligibility for veterans on all VA loans using the VA Online Portal
• Obtains VA Loan Guarantee on all VA loans using the VA Online Portal
• Reviews documentation prior to loan closing including, but not limited to, re-verification of employment/income ten (10) days prior to loan closing
• Reviews denied loan files in an effort to confirm the decisions made

Requirements

• Associate's degree or equivalent from a two (2) year college or technical school in a business-related field
• Minimum of two (2) years related loan underwriting or processing experience with a financial institution

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are a basic summary of the knowledge, skill, and/or ability required. The full job description is attached as a pdf to this job posting.

Skills

Compliance training is assigned to all Bank personnel based on their position with the Bank. Employees are required to complete all assigned training timely and in accordance with Bank policy.

Benefits

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Pay

N/A

Schedule

N/A