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Regular or Temporary:
Language Fluency: English (Required)
1st shift (United States of America)
Please review the following job description:
Perform detailed review and credit analysis of mortgage loans to ensure the loans meet established underwriting and investor guidelines. Approve acceptable loans within delegated lending authority.
Essential Duties and Responsibilities:
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1.Perform detailed underwriting analysis on all BB&T Mortgage loan products including calculating all income types (e.g. wage earner, retirement, self-employed), calculating complex financial analysis as needed, analyzing real estate appraisals to determine if collateral is acceptable, analyzing title report and lien information, reviewing all financial statements, and reviewing all additional documentation to determine accuracy and compliance with portfolio and investor guidelines prior to approval. Ensure that all loan files are documented per portfolio and investor guidelines to ensure marketability. Verify that all underwriting exceptions are thoroughly documented.
2.Develop and maintain a strong understanding of Mortgage Lending products, policies, processes, and required documentation for Government-Sponsored Enterprise (GSE), Federal Housing Administration (FHA), Veterans Affairs (VA), United States Department of Agriculture (USDA) and portfolio products.
3.Request additional information and/or documentation from Mortgage Loan Processors and Mortgage Loan Originators through appropriate timely feedback.
4.Adhere to all compliance regulations.
5.Conduct proactive and effective pipeline management in accordance with performance standard expectations.
6.Develop and maintain positive working relationship with co-workers, internal and external clients/business partners and vendors.
7.Maintain low early pay default rate as per performance expectations.
8.Assist Mortgage Loan Originators in restructuring loan applications based on counter offer availability.
9.Mentor new hire associates.
Required Skills and Competencies:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1.Bachelor's degree in Business or related field, or equivalent education and related training
2.Five years of mortgage loan underwriting experience or equivalent
3.Ability to utilize mortgage automated processing system
4.Excellent communication skills, both written and verbal, in relating to internal and external clients
5.Demonstrated proficiency in basic computer applications, such as Microsoft Office software products
6.Ability to travel, occasionally overnight
1.Basic knowledge of other bank services and products
2.Direct Endorsement and Staff Appraisal Reviewer Certifications
BB&T is an Equal Opportunity Employer and considers all qualified applicants regardless of race, gender, color, religion, national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law.
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