Job Description

The Mortgage Underwriter is responsible for evaluating and determining the eligibility of loan applications. Responsibilities include analyzing and verifying loan applications, evaluating risks, and making loan eligibility decisions. The Mortgage Underwriter is responsible for exercising sound judgment based on detailed analysis and ensuring all documentation is compliant with the relevant regulations.

Essential Functions

• Authorizing and underwriting loans.
• Reviewing and verifying loan applications and supporting documentation.
• Analyzing loan risk and requesting additional information as necessary.
• Preparing reports on assessment findings.
• Making loan eligibility decisions and approving or rejecting applications.
• Reviewing and specifying loan conditions as necessary.
• 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.
• Documenting and effectively communicating reasons for the approval/rejection of loans.
• Returning applications with additional documentation to the loan officer for review.
• Proficient understanding of Encompass and Encompass closing docs.
• Experienced with FNMA DU/AUS, FHA, VA, USDA and investor guidelines.
• Ensuring compliance with regulatory standards.
• Ensuring compliance with company policies and guidelines.
• Maintain compliance with and adhere to all state and federal regulations and Bank policies and procedures, including, but not limited to Bank Secrecy Act, SAR, CTR, FACT ACT, Community Reinvestment Act, EEO, and fair employment practices.
• All other duties as assigned.

Minimum Educational & Experience Requirements

• High School diploma or equivalent required
• Bachelor’s degree in business, banking, or finance preferred.
• Minimum of 3 years’ experience in mortgage loan underwriting.

Minimum Skill Requirements

• Professional and effective verbal and written communications
• Detail-oriented with strong data analysis skills
• Strong organizational skills
• Ability to work independently with minimal supervision
• Proficient with MS Office
• Strong problem-solving skills
• High mathematical aptitude
• Good working knowledge of mortgage loan processing and relevant legal regulations

Physical Demands

In terms of an 8-hour workday, “occasional” equals 1% to 33%, “frequent” equals 34% to 66% and “continuous” equals 67% to 100%. However, some duties are performed monthly, annually or sporadically throughout the year and are essential functions. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions of the position, if the accommodation does not impose an undue hardship that would require significant difficulty or expense.

• Continuous stationary position, particularly, but not limited to, at a desktop computer
• Continuous repetitive use of hands/arms; particularly concerning to typing, writing, phone & computer use
• Continuous communication: verbal and written, in-person, phone and electronic

Work Environment

• Office environment; remote and hybrid flexibility if determined by management.