Home Loan Underwriter

Description

SUMMARY

Responsible for reviewing residential mortgage loan applications to determine compliance with applicable rules, regulations, law, guidance, and documentation. Ensures proper delivery of loans to secondary market.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

Utilize sales training skills to provide outstanding customer service.

Underwrite residential mortgage loan application files by completing the Transmittal Summary, setting conditions for approval and closing and approving file for closing.

Answer underwriting questions for all bank associates.

Comply with the bank's loan policies and procedures.

Use Home Loan Origination System and supporting software to ensure accuracy of data input and customer information.

Perform residential mortgage appraisal reviews and valuations.

Perform residential mortgage preapproval reviews.

Complete secondary reviews on denied, withdrawn, and incomplete loan applications.

Quarterly review and new approvals of appraisers.

Complete disbursements of residential mortgage loans to Secondary Market.

Communicate secondary market updates and changes to bank associates.

Assist Home Loan Process Manager with Secondary Market Quality Control process.

Welcome Home Program management and training.

Analyze for eligibility and code portfolio loans to pledge to Federal Home Loan Bank.

Meet Home Loan Process matrix dates as related to position.

Monitor and Manage Rate Lock Extensions.

Complete Market Modifications - Construction Conversions and Principal Curtailments.

Comply and satisfactorily pass tests for bank policy and regulations that apply to position.

SUPERVISORY RESPONSIBILITIES

This job has no supervisory responsibilities.

PERFORMANCE FACTORS:

To perform the job successfully, an individual should demonstrate the following competencies:

Sales:

Individual has a good understanding of the Bank's products and services. Effectively matches customer's need by referring and/or selling products and services to enhance the customer's relationship consistent with the Bank's Sales Culture.

Internal ambition and drive to match and / or exceed goals in cross-selling: Individual demonstrates a positive and helpful attitude toward customers (internal and external), understands their importance to F&M Bank and understands how his / her job affects customers; establishes and maintains good relationships through interactions or work completed; projects a positive and professional image of F&M Bank in appearance and mannerism.

Communication Skills:

Written: Individual writes clearly and concisely with little need for editing (includes spelling and grammar). Oral: Expresses self in speech as to be clearly and completely understood; adheres to the bank's telephone standards; supports a favorable environment for open communication; addresses concerns or problems in an open non-defensive manner; conveys self-confidence and knowledge of subject in speaking to customers. Listens: Is attentive and transmits correct information to appropriate people; accepts constructive feedback.

Job Knowledge:

Individual possesses and demonstrates the technical ability to perform required duties, is practical in applying knowledge to assignments, and maintains expertise by keeping current with new developments and procedures.

Problem solving:

The ability to define and offer solutions to resolve problems. Uses knowledge of the organization to identify helpful resources.

Attention to Detail:

The level at which tasks are performed carefully, accurately, and in accordance with specific instructions. Consistency of work quality and compliance with standards, requirements, and expectations. The tracking of numerical data and detailed organizational information, and the careful application of grammar, spelling, and punctuation rules.

Ethics:

The level of trustworthiness, character, professionalism, confidentiality, and honesty in dealing with internal or external customers.

Requirements

 QUALIFICATIONS To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

EDUCATION and/or EXPERIENCE Bachelor's degree (B. A.) from four-year college or university; and two to three years related experience and/or training; or equivalent combination of education and experience. Is knowledgeable about the FMAC and other secondary investors' underwriting requirements, working with tax returns and verification of employment, the lien process including reading the title process and reading a credit report.

LANGUAGE SKILLS Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals. Ability to write routine reports and correspondence. Ability to speak effectively before groups of customers or employees of organization.

MATHEMATICAL SKILLS Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts of basic algebra and geometry.

REASONING ABILITY Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

CERTIFICATES, LICENSES, REGISTRATIONS Notary Public Commission Valid Driver's License

OTHER KNOWLEDGE and/or SKILLS Proficient with a basic knowledge of Word, Excel, and Outlook.

PHYSICAL DEMANDS The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel; reach with hands and arms; and talk or hear. The employee frequently is required to walk. The employee is occasionally required to stand; climb or balance; and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, and ability to adjust focus. Ability to use computer for long periods of time and there will be heavy telephone use. This person may also be required to work at other banking centers.

WORK ENVIRONMENT The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.The noise level in the work environment is usually moderate.

This person will have the ability to:

• Work Monday - Friday, generally and an occasional Saturday with a day off and / or occasional extended hours as needed to accommodate the flow of business.
• Work on a holiday and be provided another day off throughout the year.
• Maintain a professional appearance and manner
• Work independently and as part of a team