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Senior Mortgage Underwriter

Company: Independent Bank Group, Inc
Location: Denton
Posted on: May 3, 2021

Job Description:

This position reviews residential loan packages ensuring compliance with appropriate Bank, secondary market Investor standards, and all applicable laws; examines loan documentation for accuracy and completeness; partners with Loan Originators, Branch Managers and Processors relating to the communication of their loan decisions and financial analysis.

Responsibilities

  • Underwrite FHA, VA, Conventional conforming and non-conforming mortgage loans following company, investor, and government standards.
  • Evaluate credit / employment history, and financial status of mortgage loan files to determine credit worthiness in compliance with requirements
  • Analyze loan documentation such as credit reports, verification of employment, paystubs, verification of deposit, tax returns, bank statements, appraisals, and all other supporting documentation provided
  • Provide loan and/or credit recommendations based on a review of all underwriting criteria, including loan structure, collateral, interest rate and fees
  • Identify and review all necessary due diligence items
  • Ensure compliance with federal agencies including FNMA, FHLMC, HUD, and VA
  • Effectively communicate loan decision to loan originator and processor
  • Negotiate terms & conditions of loan with originator and processor
  • Maintain knowledge of underwriting guidelines and loan programs
  • Perform other job-related duties assigned to include:
  • Update trailing exception items from each investor
  • Assist manager with renewal contract, etc.
  • Assist during audits and exams
  • Assist Documentation Specialist as needed
  • Immediately refer unusual or suspicious activity or transactions to the BSA officer

Qualifications

  • Minimum High School/GED

  • Preferred 4 Yr/Bachelor Degree or 4 years of relevant experience

  • Minimum 5 years' experience in banking or financial institution, preferably in Mortgage.

  • Required Mortgage Underwriter FHADE certification
  • Strong analytical decision-making and problem-solving abilities
  • Ability to determine proper documentation to adhere to each investor's guidelines.
  • Proficiency with computer systems including MS Office (Word, Excel, and Outlook), Internet Browsers, and email functions required
  • Knowledge of current FNMA, FHLMC, HUD, VA, and investor guidelines
  • Knowledgeable in mortgage software applications
  • Speed and accuracy with typing skills
  • Excellent organization skills
  • Excellent verbal and written communication skills
  • Ability to work under minimal supervision
  • Excellent appraisal analysis skills
  • Experience reporting, analyzing, and interpreting data
  • Experience effectively managing relationships with internal and external partners
  • Ability to work in a fast-paced and changing environment
  • Ability to prioritize and adhere to tight deadlines
  • Registered mortgage underwriter preferred

Job Details:

Regular

Keywords: Independent Bank Group, Inc, Denton , Senior Mortgage Underwriter, Other , Denton, Texas

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