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GENERAL FUNCTION: Performs a wide range of duties related to the underwriting of residential mortgage loans. May also be responsible for the leadership of an underwriting team.Rendersunderwritingdecisionsandsubsequentclearingconditionstoensurecreditguidelines are met. Proactive in communicating the decisions to the Loan Originators, as well as serving as a resource to Residential Mortgage personnel on underwriting questions. Ensures team follows determined workflow, there by meeting service level agreements that have been identified. Responsible for not only ensuring productivity levels of the team are met, but also ensures credit quality meets all defined standards. Handles complex underwriting decisions requiring senior knowledge and/or unique problem solving abilities.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank#s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Utilize all systems in place, including automated underwriting to underwrite files in a timely manner.
Underwrite conventional, portfolio loans, and FHA/VA loans.
Underwrite simultaneous second lien/home equity loans in appropriate origination system, within approved RCC lending authority.
Manage expected service levels related to decision and condition clearing.
Update information on processing and underwriting systems to verify, add, delete or waive conditions.
Contact Loan Originators with the decision on the loan immediately after underwriting the file.
Monitor quality levels of each underwriter to ensure adherence to standards.
Ensure team is providing a high level of customer service to internal and external customers.
Determine success rate of meeting certain benchmarks, and update required team performance reports.
Retrieve, review, distribute, and discuss reports related to the underwriting team.
Monitor compliance issues, including that all team members attend required meetings and that all staff are in compliance with state and federal regulations.
Provide feedback to other staff and loan officers.
Demonstrate leadership skills as a team player by providing superior customer service, being flexible and approachable.
Responsible for appropriate section of HMDA Worksheet.
Review exception reports to ensure completion of all tasks.
Serve as an intermediary for loan issues with the Regional Sales Managers.
Actively participate in ongoing efforts to continually improve customer service for internal and external customers.
Perform personnel tasks for the team such as time sheets, coaching, and identifying training needs.
Assist in training new hires.
Maintain knowledge of Fifth Third Mortgage Company policies and procedures in addition to private investors, government investors and portfolio Credit Policy and Guidelines.
Consumer lending credit authority is commensurate with consumer lending authority guidelines and business need.
Responsible for providing employees timely, candid and constructive performance feedback; developing employees to their fullest potential andprovidechallengingopportunitiesthatenhanceemployeecareergrowth; developing the appropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees for accomplishments.
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
Four year degree or equivalent experience required.
Must have five (5) years experience in Underwriting.
In-depth knowledge of conventional, government and portfolio lending guidelines .FHADE, VALAPP preferred.
Must have demonstrated ability to analyze complex loan requests including cash flow analysis of business and personal tax returns.
Knowledge of the complete mortgage lending process.
Knowledge of financial analysis techniques.
Previous management experience preferred.
High degree of attention to detail. Demonstrated organizational skills.
Demonstrated leadership skills.
Strong written and verbal communications skills. Demonstrated teamwork and customer service skills.
Strong PC skills(MS Office)required
Must have experience with Mortgage origination systems, platforms tools and technology.
Ability to analyze policies, procedures and guidelines in a way that maximizes productivity but protects the level of risk desired.
Ability to make decisions in a time
Normal office environment with little exposure to dust, noise, temperature and the like.
Extended viewing of CRT screen.
Must be able to lift up to 20 lbs.
Repetitive use of the keyboard.
Mortgage Underwriter II
LOCATION -- Grand Rapids, Michigan 49546
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.
Fifth Third Bank