08/12/2019
This position reports to the Senior Retail Lender; reviews and underwrites loan applications to include: Conforming, Non-Conforming, Investor loans, modifications, subordinations and portfolio loans in accordance with guidelines and compliance standards; responds to inquiries providing guidance and clarification to staff and vendors.
This position is charged with leading and developing the team to ensure operations strategies are carried out and to ensure production levels are met and are in compliance while delivering exceptional internal and external customer experiences. This position will be the expert for determining all underwriting criteria, interpretation, forms and processes in meeting investor, portfolio and mortgage insurance guidelines.
Essential Duties & Responsibilities
- Approves loans within specific limits or refers to senior management, security committee and/or Board of Directors for approval
- Underwrites the most complex loans
- Evaluates and examines transactions to judge accuracy and completeness. Investigates loan requests using fraud detection techniques
- Ensures loan-related documents are consistent and uphold to company, investor and industry guidelines
- Provides leadership, direction and training to staff and communicates performance feedback
- Assists Loan Officers with problematic files to expedite submissions
- Maintains and develops written processes including the use of the loan operating systems ensuring compliance with secondary market guidelines and state and federal regulations
- Maintains a thorough knowledge of the bank's loan products and procedures
- Prepares and presents loans to the Senior Retail Lender through pipeline management and interactive involvement with the Loan Origination staff
- Develops and maintains processes and procedures to create and maintain departmental efficiencies and the utilization of technology/systems in order to improve work processes
- Manages, upgrades, maintains and tests the bank's current lending loan operating system (LOS) and all interfaces and applications
- Monitors regulatory changes and compliance requirements as they apply to our LOS systems, including the update of forms, particularly mortgage disclosure forms, for compliance with state, federal regulations and secondary market guidelines
- Responsible for the monthly maintenance of the bank's mortgage website
- Communicates professionally and effectively with Loan Officers, Underwriter(s), Processor(s) and Closer(s)
- Complies with all applicable laws, regulations and company policies as stated in Bank's Code of Conduct
- Responsible for overall direction, coordination and evaluation of assigned staff. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws
- Performs any other related duties as required or assigned
Job Qualifications
- Bachelor's degree or equivalent degree/certification in business or related field
- 5 to 8 years of current underwriting experience
- Extensive background in financial institution operating policies and procedures, banking regulations (state and federal); Knowledge of HMDA, RESPA, TIL, Fair Lending, CRA, ECOA, Reg O and all lending-related regulations required
- Working knowledge of residential loan operations, systems and documentation
- Must be detail-oriented, computer literate; possess strong organizational and interpersonal skills, as well as verbal and written communication skills
- Ability to interact within all levels of the bank
- Ability to effectively communicate information and respond to questions in person and small-group situations with customers, vendors and employees of the organization
Apply Online
