Senior Mortgage Underwriter - Greenville, Columbia, Mt. Pleasant, SC or Remote
Job Title: Senior Mortgage Underwriter Division: Operations Location: Columbia, Mt Pleasant, Greenville, or Remote! Position Summary: Underwrites mortgage loan applications and evaluates loans in order to maximize organizational profit and minimize risk or loss. Direct Reports: None Core Responsibilities:
- Underwriting
- Respond to investor repurchase and quality review requests.
- Support loan shipping process to clear underwriting purchase issues.
- Underwrite residential loans while ensuring compliance with appropriate company and secondary market investor standards as well as compliance with lending regulations.
- Render underwriting decisions and subsequent clearing conditions to ensure credit and investor guidelines are met.
- Evaluate and examine transactions to ensure accuracy and completeness
- Contact customers and partners to gather information to make appropriate decisions
- Proactively communicate the decisions to the Residential Lending Specialists and Community Bank Partners with an explanation behind credit decision
2.Training/Help Desk
- Serve as a resource to Residential Mortgage personnel on underwriting questions and provide training for investor, underwriting and compliance related issues.
- Recommends modifications to underwriting procedures.
- Provide training as needed to Residential Lending Specialists and Community Bank Partners as requested by Channel Manager.
- Underwriting Management
- Prepare formal reports for review.
- Provide feedback on new investor candidates as it relates to underwriting guidelines and delivery procedures.
- Coordinate third party quality control of mortgage loans and evaluate reports providing feedback concerning closed loan quality and process improvements.
- Ensure that contractors are trained on investor specific eligibility requirements and guidelines.
- Negotiate with third party service providers and manage contracts.
- Compliance
- Implement fraud detection techniques and other evaluation tools to mitigate mortgage lending risk.
- Performing compliance reviews and comply with regulatory requirements
- Respond to individual and investor audits
- Coordinate HMDA reporting and evaluation.
- Role Specific Competencies
- Computer Skills
- Skilled in the use of computers, adapts to new technology, keeps abreast of changes, learns new programs quickly, use computers to improve productivity.
- Job Knowledge
- Understands duties and responsibilities, has necessary job knowledge, has necessary technical skills, understands company mission/values, keeps job knowledge current, is in command of critical issues.
- Personal Organization
- Keeps information organized and accessible, maintains clean/functional work space, works systematically/efficiently, and manages time well.
Minimum Requirements:
- Bachelor's degree or equivalent experience
- 3 - 5 years underwriting experience
- DE Certification with a CHUMS number and VA LAPP Approval including FHA and/or VA underwriting experience.
- Extensive knowledge of quality service discipline.
- Retail banking experience.
- Proven communication and customer relation skills.
- Ability and desire to interact and contribute in a team environment.
- Ability to use a variety of software tools.