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 documentation for Private Mortgage Insurance (PMI) approval
• Sets up documentation to USDA Rural Housing (RH) and loan information for RH approval
• Researches all persons involved with the transaction for GSA and Limited Denials through FHA Connection on all secondary market loans
• 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
• Confirms the decisions made on denied loan files in an effort to confirm the decisions made

Qualifications

• 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

Skills

• Strong analytical skills
• Excellent communication and interpersonal skills
• Attention to detail
• Proficient in Microsoft Office Suite

Benefits

First Federal Bank of Louisiana offers competitive benefits packages, including health insurance, retirement plans, and paid time off.

Pay

The salary range for this position is $40,000 - $60,000 annually, depending on experience and qualifications.

Schedule

This is a full-time position with standard Monday through Friday work hours.