Mortgage Underwriter I
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Job Location:
Richmond, VA - USA
Monthly Salary:
Not Disclosed
Posted on:
14 hours ago
Vacancies:
1 Vacancy
Job Summary
The position is described below. If you want to apply click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application youll be invited to create a profile which will let you see your application status and any communications. If you already have a profile with us you can log in to check status.
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Regular or Temporary:
RegularLanguage Fluency: English (Required)
Work Shift:
1st shift (United States of America)Please review the following job description:
Underwriter is responsible for underwriting residential mortgage loans to ensure compliance with bank investor and secondary market standards. Communicates with processor originators and other internal and external customers. Meets performance standards and goals established by the bank. Approve acceptable loans within maximum conforming and/or non-conforming lending limits.ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed both major and minor which are not mentioned below. Specific activities may change from time to time.
1. Perform detailed underwriting analysis of all Truist Financial mortgage loan products including calculating all income type calculating complex financial analysis analyzing title reports and lien information reviewing all financial statements and reviewing all additional documentation prior to approval.
2. Ensure that all loan files are documented to meet portfolio and investor guidelines to ensure marketability and maintain quality standards.
3. Develop and maintain a strong understanding of Mortgage Lending products policies processes and their required documentation; demonstrated expertise with two or more of the following categories preferred - GSE Government Portfolio - and/or expertise in government lending.
4. Loans to be adequately conditioned to meet Mortgage Lending products policies processes and their required documentation
5. Adhere to all compliance regulations and controls.
6. Conduct proactive and effective pipeline management to ensure that metrics are met.
7. Develop and maintain positive working relationship with co-workers internal and external clients business partners and vendors.
8. Lending authority will be granted based on experience and mastery of the certification program and/or demonstrated proficiency in underwriting mortgage loans.
QUALIFICATIONS
Required Qualifications:
The requirements listed below are representative of the knowledge skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. External applicants must possess two years of mortgage underwriting three years of mortgage processing or five years of mortgage industry experience. Mortgage industry experience includes mortgage underwriting (including modifications and quality control) mortgage processing origination/loan support role or unit management for mortgage business unit (processing or underwriting). Internal applicants may also qualify having five years of strong credit experience outside of Mortgage (i.e. consumer lending underwriter wealth underwriter commercial credit underwriter or processor etc.)
2. Excellent Communication skills both written and verbal in relating to internal and external clients.
3. Demonstrates proficiency in basic computer applications such as mortgage automated processing systems and Microsoft Office software products.
4. Bachelors degree in business or related field or equivalent education or related training
5. Ability to travel occasionally overnight.
Preferred Qualifications:
1. Basic knowledge of bank services and products
2. Direct Endorsement and Staff Appraisal Reviewer Certifications
3. Familiarity with Automated Underwriting Systems (e.g. DU LP GUS)
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits though eligibility for specific benefits may be determined by the division of Truist offering the offers medical dental vision life insurance disability accidental death and dismemberment tax-preferred savings accounts and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment along with 10 sick days (also prorated) and paid holidays. For more details on Truists generous benefit plans please visit our Benefits site. Depending on the position and division this job may also be eligible for Truists defined benefit pension plan restricted stock units and/or a deferred compensation plan. As you advance through the hiring process you will also learn more about the specific benefits available for any non-temporary position for which you apply based on full-time or part-time status position and division of work.
Truist is an Equal Opportunity Employer that does not discriminate on the basis of race gender color religion citizenship or national origin age sexual orientation gender identity disability veteran status or other classification protected by law. Truist is a Drug Free Workplace.
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