Underwriter III

Position Purpose and Objectives

The Underwriter III is responsible for complete analysis of loan packages to deliver valid credit decisions and ensure the loan file is eligible for funding according to bank, investor, and agency guidelines. Additionally, this position has exception authority provided the DTI doesn’t exceed 43% of the published lending authority chart.

About Republic Bank

Republic Bank’s values are built upon making an IMPACT for our clients, our associates and the communities we serve. (IMPACT stands for Innovate for the Future, Make it Easy, Provide Exceptional Service, Acknowledge & Celebrate Success, Commit to Caring and Thrive Together). The associates of Republic Bank are the key to our success as an organization and we value our associates. It’s one of the reasons we’ve been named as one of the Best Places to Work in Kentucky for ten years!

For more information about the company, please visit www.republicbank.com.

Minimum Qualifications

• Minimum of 5 years mortgage underwriting experience required.
• 1 year FHA – Direct Endorsement (DE) certification required.
• Kentucky Housing Corporation delegation preferred.
• Working knowledge of Loan Prospector, Desktop Underwriter and FHA Connection.
• Proficiency in Microsoft Office products and internet applications.

Essential Job Functions and Responsibilities

• Underwrite Portfolio and Secondary market loans in accordance with agency/bank guidelines including FHA, VA, RHS (rural housing) and Jumbo loans.
• Ensure application packages are complete before forwarding to processing area.
• Perform timely reviews of loan submissions and conditions.
• Work as a liaison between our lenders and processing to correct deficiencies in pending files.
• Knowledgeable of all loan programs offered & requirements of those programs.
• Work with the lenders in the banking centers to further their knowledge of secondary market & portfolio guidelines.
• Effectively communicate with branch personnel, loan officers, originators, and centralized loan personnel.
• Be an expert resource for Loan Officer inquiries.
• Maintain a working knowledge of compliance requirements affecting your position and area of responsibilities and actively learn new regulations and assist in the implementation, if required.

Interpersonal Skills and Competencies Required

• Excellent verbal and written communication skills.
• Must be self-motivated and work well in a team environment.
• Requires a high energy level and strong sense of urgency.
• Highly detail oriented and able to maintain high levels of accuracy.

Physical Requirements

• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• Sit, use hands to finger, handle, or feel; and talk or hear.
• Frequent standing or walking.
• Occasional reaching with hands and arms.
• Occasional lifting and/or moving 10 pounds.
• Close vision, and distance vision.
• Moderate noise level in the work environment.

Other Requirements

• Travel between Republic Banking facilities may be required including occasional out of town travel.
• Flexible work schedule may include some evenings, weekends and/or overtime.
• Stay abreast of new developments, best practices, and statutory and regulatory changes.