Mortgage Underwriter
Company: Presidential Bank Mortgage
Location: Richmond
Posted on: February 25, 2021
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Job Description:
Presidential Bank Mortgage, a division of Presidential Bank,
FSB; an innovative, growing and well-respected mortgage banker is
seeking an experienced Mortgage Loan Underwriter to support our
team members.The Mortgage Loan Underwriter is primarily responsible
for underwriting residential loans ensuring compliance with lender
and investor guidelines. Examines loan documentation for accuracy,
completeness, and overall credit risk. Works with loan originator
or production staff to secure all required documents. May respond
to individual and investor audits or requests. Underwrite
conventional, FHA, and VA residential loans ensuring compliance
with lender and investor requirements. **This is not a remote
position. Will require a commute to our branch located in the
Richmond, Virginia area.**Major Duties and Responsibilities:*
Underwrites FHA/VA, USDA, CDA, and Conventional loan applications
ensuring adherence to Company, Agency, and investor guidelines and
policies and procedures.* Analyzes mortgage loan files, including
customer's application, income documentation, appraisal, and credit
reports, to ensure compliance with the company's policies, as well
as, state and federal regulations - including QM, Safe Harbor,
Ability to Repay, and TRID.* Analyzes loan attributes and
documentation for completeness and accuracy.* Analyzes loan
applications to identify any risk issues and/or potential
misrepresentation.* Evaluates overall income, credit, and quality
of each loan application.* Ensures all required documentation has
been received and completed required for loan approval.* Determines
the amount of loan to be approved when all criteria for
underwriting have been met.* Makes recommendations for loan
approval and clears the loan to close upon loan meeting all
conditions.* Supports Loan Officers during the qualification
process and the entire loan approval process.* Provides support to
Loan Officers and Processors regarding questions and/or
clarification of inquiries, loan files, and underwriting guidelines
and will contact investors if necessary.* Ensures timely review and
follow-up steps in order to meet and exceed customer's
expectations.* Keeps up-to-date on investor and regulatory
guidelines, policies, procedures, and changes that affect mortgage
underwriting.* Communicates with customers, team members, and
management on outstanding requirements and conditions, as well as,
the status of each loan application.* Other projects or duties as
assigned.Position Requirements:* High school degree or equivalent
with 6 years in mortgage lending experience.* Self-motivated,
ability to work in a fast-paced, high volume environment, while
practicing sound lending judgment.* Three years' experience with
Microsoft Office suite of products; demonstrate ability with Excel
and Word in addition to Adobe pdf.* Three years of experience in
front line mortgage underwriting, Proficiency with DU and LP.*
Ability to work in fast-paced operations center meeting all
production-based performance criteria for Quality of Workmanship
and Quantity of Production Volume.* Ability to calculate income,
including tax return analysis, and to properly catalog findings
into a concise effective written summary.* Ability to communicate
effectively in written and verbal communications.* Thorough
understanding of credit and an ability to review complex financial
documents.* Ability to assess an individual's creditworthiness
while adhering to all regulatory and compliance requirements*
Direct Endorsement Certification for HUD & VA LAPP
preferredPhysical Demands and Work Environment:The physical demands
and work environment characteristics described here are
representative of those that must be met by an associate to
successfully perform the essential functions of this
job.--Reasonable accommodations may be made to enable qualified
individuals with disabilities to perform the essential functions.*
While performing the duties of this job, the ability to stand
and/or sit for long periods of time is regularly required.--Ability
to talk, listen, and see. The associate must occasionally reach
with hands and arms; stoop, kneel, or crouch* The associate must
occasionally lift and/or move up to 25 pounds, may also include
lifting overhead* Ability to accurately interpret sounds and
associated meanings at a volume consistent with interpersonal
conversation* Regularly required to accurately perceive,
distinguish and interpret information received visually and through
audio; e.g., words, numbers, and other data broadcasted
aloud/viewed on a screen, as well as print and other media*
Moderate sound as in business office with office machines,
computers, and people trafficPresidential Bank, FSB is an equal
opportunity/affirmative action employer. We consider applicants
without regard to race, color, religion, creed, gender, national
origin, age, disability, genetic information, marital or veteran
status, or any other category protected by federal, state, or local
law.**EOE and E-verify employer. Pre-Employment Background/Credit
Checks required**
Keywords: Presidential Bank Mortgage, Richmond , Mortgage Underwriter, Other , Richmond, Virginia
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