Corporate Underwriter

Bank Of America Corporation Tampa , FL 33602

Posted 2 weeks ago

Job Description:

Enterprise Role Overview:
Conventional SASE Level 6 and 7 underwriters currently support a very high risk and complex segment of mortgage underwriting and analysis (Merrill High Net Worth First Mortgage). Primarily in the $1mm+ loan amounts, many of these transactions require in depth individual and corporate tax return analysis for self-employed applicants and/or executives with layered ownership interests in multiple companies and or entities. Asset review oftentimes is equally complex due to higher net worth borrowers with multiple sources and percentages of liquidity including cash, vested stock shares, unvested restricted stock, multiple retirement vehicles and equity ownership interests that must be utilized for qualifying purposes using different qualifying guideline parameters. Currently the requirements to be approved for this level of certification are the most stringent: Greater than five (5) years manual underwriting experience, including signing on loans greater than $2.0M and making business decisions.

This position is subject to SAFE Act registration requirements. Pursuant to the SAFE Act requirements, all employees engaged in residential loan mortgage originations must register with the federal registry system and remain in good standing. Since your position requires SAFE Act registration, you will be required to register and to submit to the required SAFE Act background check and registration process. Failure to obtain and/or maintain SAFE Act registration may result in disciplinary action up to and including termination.

Required Skills and Experience:

  • Minimum of six plus years of manual underwriting experience

  • Strong analytical skills

  • Thorough understanding of credit and an ability to review complex financial documents

  • Strong oral and written communication skills; able to deliver complex information clearly, concisely and understandable

  • Excellent interpersonal skills

  • Must have excellent problem solving skills

  • Thorough understanding of credit and an ability to review complex financial documents

  • Ability to assess an individual's creditworthiness while adhering to all regulatory and compliance requirements

  • Ability to make credit recommendations

  • Commitment to teamwork

  • Ability to meet production, quality and service standards along with providing direct coaching and feedback to ensure quality

  • Self-motivated

  • Ability to work in a fast-paced, high volume environment, while practicing sound lending judgment

  • Computer proficiency including high comfort level with Microsoft office product suite

  • Available to work extended hours as business need requires

Desired Skills and Experience:

  • FHA and VA underwriting experience with DE and SAR

  • Customer contact experience & customer focused

  • Self-starter, positive attitude & ability to multi-task

Posting Date: 04/05/2019

Location: Tampa, FL, 4909 SAVARESE CIR (FL1908), Charlotte, NC, GATEWAY VILLAGE, 900 W TRADE ST, Plano, TX, BUILDING B, 7105 CORPORATE DR, Richmond, VA, VILLA PARK OPS CENTER BLDG B, 8011 VILLA PARK DR, - United States

Travel: No

Full / Part-time: Full time

Hours Per Week: 40

Shift: 1st shift

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Corporate Underwriter

Bank Of America Corporation