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.
Remote Skills: Banking Services, Channel Management, Communication Skills, Community Banking, Computer Skills, Contract Management, Corporate Compliance, Credit Analysis, Customer Relations, Data Collection, Federal Housing Administration (FHA), Help Desk, Loan Closing, Loan Regulations, Loan Underwriting, Loans, Maintain Compliance, Mortgage Lending, Mortgage Risk, Negotiation Skills, Organizational Skills, Procedure Development, Process Improvement, Productivity Management, Quality Control, Regulatory Compliance, Regulatory Requirements, Reporting Skills, Residential Mortgages, Retail Banking, Risk Management, Secondary Markets, Training/Teaching, Underwriting About the Company: First Reliance Bank Apply To This Job