Responsibilities of the Telecommuting Underwriter:
Underwrites residential loan applications in accordance with Bank policies and portfolio requirements, as well as, secondary market and investor guidelines. Review loan documentation and appraisals clear conditions and recommends loan approval or denials.
Ensures timely underwriting turnaround that meets Bank standards and customer expectations. Provides accurate evaluation and response for loan denials.
Coordinates loan approvals with the processors, sales, and secondary staff to ensure files are designed in a timely manner to meet deadlines. Assists with prioritizing loan workflow.
Maintains up-to-date knowledge on loan products, investor requirements, and lending regulations. May work with investors and insurers to complete necessary reporting and file delivery. Verifies that the Bank is compliant with all guidelines and standards.
Courteously communicates with attorneys and lending staff. May provide information regarding loan status, request additional information/data for the application, or assist in solving problems. Insures all complaints/problems are handled in an efficient and timely manner. A follow-up to ensure resolution.
Works with Compliance to oversee changes/corrections to any residential files. Coordinates the implementation of procedures and safeguards as it pertains to loan closings, funding, and file delivery.
Demonstrates continual learning by attending industry seminars, webinars, and other training programs. Insures licenses are properly maintained and continuing education credits (CEUs) are attained.
Performs responsibilities in accordance with all applicable federal and state regulations, including but not limited to the Bank Secrecy Act, Equal Credit Opportunity Act, Fair Credit Reporting Act, Real Estate Settlement Procedures Act, Truth-in-Lending Act, Home Mortgage Disclosure Act, Community Reinvestment Act, and the Flood Disaster Protection Act.
Performs other department and administrative tasks as assigned (e.g., training new employees, reconciling general ledger accounts, billing research).
Requirements of the Telecommuting Underwriter:
Bachelor’s degree or equivalent
Two-Four (2-4) years of underwriting experience
Comprehensive knowledge of state and federal regulations
Experienced in the areas of secondary markets and investor sales
Direct FHA designation from HUD strongly preferred
Ability to prioritize assignments and work independently
Highly effective communication (oral & written)
Benefits of the Telecommuting Underwriter:
Short- and Long-Term Disability
401(k) Profit Sharing