Senior Mortgage Underwriter Columbia, SC or Remote
Share
Job Location:
Columbia, IN - USA
Monthly Salary:
Not Disclosed
Posted on:
22 hours ago
Vacancies:
1 Vacancy
Job Summary
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:
- Bachelors 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.
Required Experience:
Senior IC
Key Skills
- Loan Processing
- Time Management
- Microsoft Office
- Credit Analysis
- Fraud
- Math
- Risk Analysis
- Banking
- Analysis Skills
- Fair Housing Regulations
- Underwriting
- Data Analysis Skills
About Company
First Reliance Bank, headquartered in Florence, SC, serves customers and businesses across South Carolina and North Carolina. There's More to Banking Than Money!
