Job Description

The Senior 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 Senior Mortgage Underwriter is responsible for exercising sound judgment based on detailed analysis and ensuring all documentation is in compliance with the relevant regulations and collaborates with borrowers and other parties involved in the mortgage process as well as oversee and assist the managers.

Essential Functions

• Handle complex underwriting decisions requiring senior knowledge and analyzing loan risk.
• Authorizing and underwriting loans.
• Reviewing and verifying loan applications and supporting documentation.
• Preparing reports on assessment findings.
• Making loan eligibility decisions and approving or rejecting applications.
• Reviewing and specifying loan conditions as necessary.
• Documenting and effectively communicating reasons for the approval/rejection of loans.
• 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.
• May provide training and direction to team members in order to assure clear understanding of compliance and lending guidelines, particularly with those intending to eventually serve in an Underwriter role.
• Returning applications with additional documentation to the loan officer for review.
• Maintain compliance with and adhere to all state and federal regulations and bank policies and procedures, including, but not limited to Bank Secrecy Act, FACT ACT, Community Reinvestment Act, and EEO/AA/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 7-10 years of mortgage underwriting experience.
• Senior knowledge of mortgage loan processing and relevant legal regulations.
• Approved DE, VA, FHA, USDA approved designations.

Minimum Skill Requirements

• Proficiency in MS Office
• Understanding and familiarity with Encompass LOS required
• High degree of detail orientation
• Professional and effective verbal and written communications
• Ability to develop strong relationships across teams
• Capability to think holistically with business intuition
• Knowledge of the mortgage industry and terminology
• Must be flexible, high energy, and able to pivot as needs and importance of projects change
• Strong work ethic & discipline required to develop and maintain excellent production and quality results
• Proficient understanding of Encompass and Encompass closing docs.

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