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SalaryMortgage Loan Underwriter III (USDA & FHA DE)
Magnolia Bank is a community bank that has served the surrounding area for over 100 years. Our footprint includes banking centers located in Central Kentucky, mortgage offices throughout the U.S. and over 300 employees. We hold ourselves to the highest standard when it comes to providing an excellent customer experience through our personal way and the nurturing of our employees’ personal and professional growth. We keep a fun, friendly and engaging atmosphere all while living the Magnolia Values of Honesty, Integrity, Confidentiality, Excellence and Professionalism every day. Magnolia Bank is a customer focused bank that empowers, encourages, and engages our employees. Being Adaptive and Innovative is one of the main reasons Magnolia Bank continues to prosper.
We are currently seeking applicants for a Mortgage Loan Underwriter III, USDA & FHA DE experience required.
Qualified Candidates responsibilities will be:
- Verify and analyze all information in the loan file for completeness, accuracy, and integrity.
- Review loan file documents for integrity and make credit decisions based on relevant credit history, employment data and any other pertinent information, request additional information from customers as necessary.
- Input data and balance that data to all automated underwriting systems, including DU, LPA and GUS.
- Review title commitments to insure clear title on proposed property; request corrections to title commitments when necessary.
- Review all appraisals to confirm that collateral supports loan amount and Loan-to-Value requested.
- Prepare loan approvals with clear conditioning.
- Set up files for accurate shipping to investor.
- Clear any post-closing conditions requested by the investor for loan purchase.
- Meet departmental goals and standards as set by supervisor.
- Provide training and guidance to processors and closers as necessary.
- Support Senior Underwriters and Managers as needed.
- Other projects/duties as assigned by supervisor.
Candidates preferred experience and skills:
- Bank’s secondary market policies and procedures
- Other bank policies and procedures as they apply to the secondary market lending function.
- Current secondary market requirements and regulations
- Work well independently as well as within a team environment
- Quickly adapt when changes are required
- Work within a fast-paced, ever-changing environment
- Maintain integrity at all times under all circumstances.
- This is a Remote position; applicant must possess the ability to stay on task without constant supervision and minimize distractions.
Enter Qualifications:
- High school diploma or GED, some college preferred.
- 5 or more years’ experience as a Secondary Market Loan Underwriter
- Must hold FHA DE Designation with active CHUMS ID
- Accuracy, attention to detail and organizational skills; time management skills
- Basic keyboarding skills and the ability to navigate in a Windows environment.
- Excellent communication skills & organizational skills
- Ability to learn mortgage software via online trainings and reviewing product training documents.
- Must have basic knowledge of conventional purchase/refinance guidelines.
- Encompass LOS experience preferred.
- Experience with Microsoft Office Suite, including Outlook and Teams
This position reports to the National Mortgage Underwriting Manager.
If you want a place to work with opportunities to grow and a place that feels like home-come join us!
