Position Title: Mortgage Underwriter Senior
Reports to: Underwriting Manager
Direct Reports: N/A
Salary Grade: 10
SUMMARY: Responsible for analyzing all financial and non-financial data to make a timely sound investment quality loan decision. Determining if debt service and collateral coverage are sufficient.
High school diploma or equivalent
Undergraduate degree in business, finance, or related field preferred
Proficient computer skills including Encompass, Datatrac, LP/DU, etc.
2-3 years underwriting experience and compliance background
Strong analytical skills with problem solving abilities
Ability to analyze personal and business returns/financial, P&L, and cash flow, gather relevant information and make appropriate recommendations
Identify strengths, weaknesses, and mitigating factors for loan file
Ability to structure loans appropriately for sell on the secondary market
Good working knowledge of secondary market (Fannie/Freddie) guidelines
Ability to assume responsibility for loan decisions and maintain accountability
Knowledge of UCMS underwriting policies and procedures
Good personal organization and time management skills with ability to multi-task
Strong written and verbal commination skills - must be able to clearly and effectively communicate loan decisions to originators, processors, auditors, and others
Complete understanding of UCMS investor products and programs
Detailed- oriented, self-starter with ability to work with underwriters and junior underwriter to accomplish and support department goals
Participate in all required compliance training, including Bank Secrecy Act/anti-money laundering training, as well as internal and external training programs, online training, meetings, and seminars/conferences, etc.
Position responsible for analyzing and decisioning loan request as assigned
Responsible for credit and collateral completeness, accuracy and quality
Evaluate repayment ability based on employment and credit history. Determine of property occupancy Check accuracy of all calculations and disclosures. Verify that all required documentation is on hand.
If not acceptable, propose recommended structure
Observe established underwriting turn around time
Remain knowledgeable of specific requirements for each loan program for each investor
Assist management with tracking and identifying trends
Assist management with training of new or junior underwriters
Looks for cross sell opportunities
Keep copies of all memos, directives and guidelines that have been disbursed
Underwriters will limit the number of underwriting conditions to be collected at closing whenever excessive underwriting conditions are required. Loans with sales contracts, commitments or documents, which would expire if the loan were held, will receive priority status.
Email underwriting response immediately upon completion of review to loan processors
Provide underwriting opinion for faxed or phoned inquiries from originators, processors and other underwriters
Work with all banks to service and maintain a good working relationship
Provide feedback to the underwriting manager on problems and assist in implementing solutions
Clear pending files as soon as possible
Assist in underwriting difficult loans with other staff underwriters
Ability to sign off on or override other staff underwriter's conditions
Other duties as assigned
United Community Bank