Senior Underwriter Loss Mitigation Administrator

Madison, OH - USA

Monthly Salary: Not Disclosed

Posted on: 13 hours ago

Vacancies: 1 Vacancy

Job Summary

Full-time

Description

Position Summary:

This position is responsible for underwriting residential mortgages and consumer loans to ensure compliance with secondary market independent investor mortgage insurance company and internal bank requirements. Responsibilities include a detailed examination of the loan credit profile asset/income profile the collateral and other loan documents. This position will be responsible for reviewing the more complex loan submissions as well as act as a subject-matter-expert/resource for the mortgage loan production/operations team. The individual will utilize the appropriate automated underwriting engines as well as perform manual reviews of in-house loan submissions. This position will communicate and work closely with Mortgage Lenders Mortgage Processors and Closers as well as other internal/external clients.

This position is responsible for performing monthly underwriting audits on active loans reporting audit results to management working with outside vendors and FNMA to facilitate external audits and keeping abreast of new quality control/underwriting requirements and participating in the creation and implementation of related procedures. This position is also responsible for evaluating non-performing loans determining the best suited loss mitigation program and guiding the customer through the process. Additional assignments may include the management of delinquent taxes FNMA reporting submitting reimbursement claims tracking collection efforts and working directly with customers on loan renewals.

Requirements

Essential Functions & Duties:

Calculating income debt-to-income ratios and loan-to-value to ensure results meet appropriate lender guidelines
Providing a synopsis of loan strengths and weaknesses on in-house loans
Ensuring accuracy of FNMA Desktop Underwriter findings
Building strong relationships with internal staff including Mortgage Advisors Processors and Closers.

Qualifications:

Required Education and Experience

High school diploma or equivalent
5 years experience in Underwriting or related work; or equivalent combination of experience and education.

Preferred Education and Experience

Post-secondary degree/classes

Additional Eligibility Requirements

Basic math skills knowledge of underwriting and compliance regulations
Strong attention to detail with solid organizational and time management skills to be able to work independently and handle multiple priorities under pressure of time constraints
Ability to identify problems and develop procedures to resolve or correct situations
Excellent customer service written and verbal communication skills

Why Work for Park Bank

Robust Benefit Package Including Medical Dental Vision etc.
Four Different Benefit Packages to Choose What Fits Your Needs Best
10 Paid Holidays (Including Your Birthday)
PTO That Increases Each Year of Service
Generous 401K Company Match
Wellness Reimbursement Program
Associate Resource Groups (ARGs)
Eligibility to participate in Bank-wide Bonus Program
Hybrid Work Schedule Available
And more!

Park Bank is a drug free workplace. All candidates selected for new employment with Park Bank will be required to submit to drug testing after a conditional offer of employment. Employment is contingent on the associate passing the drug test.
Credit Criminal and Driving history will be reviewed when making final employment decisions consistent with applicable laws.
Park Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race color religion sex national origin disability status and protected veteran status.
Park Bank is committed to providing individuals with disabilities with reasonable accommodations in its job application and hiring process. If you have difficulty using our online application system because of a disability you may contact us at the following email address and phone number: or 608.301.8674.
The Immigration Reform and Control Act of 1986 require employers to verify the employment status of each person hired.
Through UnitedHealthcare UMR and HealthSCOPE Benefits is the published Machine-Readable Files on behalf of Park Bank. Please click to review: Transparency in Coverage

Required Experience:

Senior IC

Full-timeDescriptionPosition Summary:This position is responsible for underwriting residential mortgages and consumer loans to ensure compliance with secondary market independent investor mortgage insurance company and internal bank requirements. Responsibilities include a detailed examination of th...