Mtg Underwriter Senior

United Community Bank Greenville , SC 29617

Posted 2 weeks ago

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.

JOB REQUIREMENTS:

  • 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.

JOB FUNCTIONS:

  • 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

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United Community Bank