Job Details

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:

1. 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

• 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.

1. 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.

1. 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.

1. 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.

• 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.