Loan Underwriter

First Citizens Community Bank; Mansfield (AL); On-site; USD 65,000 - 95,000; Full time

Job summary

First Citizens Community Bank is seeking an experienced Mortgage Underwriter to assess consumer mortgage loans in line with portfolio, agency, and investor guidelines. The role ensures loans and appraisals meet credit quality standards and requires collaboration with processors and loan officers to resolve issues.

The position supports underwriting and closing teams, maintains adherence to regulatory requirements, and keeps up-to-date with real estate market conditions.

Qualifications

• Three-plus years of position-related experience.
• Bachelor’s degree in related field or equivalent professional experience (preferred).
• Working knowledge of bank lending and underwriting policies and procedures, as well as loan processing.

Responsibilities

• Underwrite consumer mortgage loans per portfolio, agency, and investor guidelines.
• Ensure asset quality and adherence to underwriting standards and loan policies.
• Provide back-up support to Senior Mortgage Underwriters and processing staff.
• Communicate with processors and loan officers to address issues; complete denials if needed.
• Maintain mortgage and consumer loan compliance and stay updated on regulatory changes.
• Assist in Construction to Conversion modification processes and ensure proper documentation.

Skills

Underwriting

Loan processing

Credit analysis

MS Office Suite

Encompass

Attention to detail

Time management

Communication skills

Multitasking

Education

Bachelor’s degree in related field

Tools

Encompass

DU/LPA Automated Underwriting Systems

Job description

Description

• Responsible for underwriting consumer mortgage loans according to portfolio, agency and investor guidelines and ensuring the salability to investors, having a good working knowledge of loan underwriting and loan processing. Ensure loans and appraisals are reviewed within credit quality and standards of company, agency, and investor guidelines, as well as review of title reports to ensure no judgments, mortgages, mechanical liens, or any other issues that will affect the bank’s lien position.
• Ensure asset quality standards are maintained in the origination of residential mortgage and consumer portfolio loans and secondary market loans, adhering to all underwriting standards, loan policies and regulations, and documentation requirements.
• Provide back-up support to Senior Mortgage Underwriters including, but not limited to, appraisal, income, asset, investor suspense’s, and quality control reviews. When needed, provide administrative and technical support to other underwriting personnel and support over processing staff and loan officers, when applicable.
• Communicate with processors and loan officers when any issues arise if a favorable decision cannot be made or if loan needs restructuring. Complete denials when the loan cannot be restructured and does not meet agency, bank, and investor guidelines.
• Responsible for lending compliance including mortgage and consumer loan compliance. Work with Processing and the Underwriting Manager to ensure that all policies and procedures meet regulatory lending requirements. Remain current on changes within the legal, regulatory, economic, competitive, and technology environments which may affect real estate lending programs. Keep abreast of current real estate markets in the local area as well as outlying areas and branch service areas.
• Assist underwriting and closing departments in the Construction to Conversion modification process.
• Ensure the adequacy of loan documentation and perfection of security interests.
• Constructively interact with co-workers.

Requirements

• Three-plus years of position-related experience.
• Bachelor’s degree in related field or equivalent professional experience. (preferred)
• Working knowledge of bank lending and underwriting policies and procedures, as well as loan processing.
• General understanding of marketing and lending principles and of bank-related laws and regulations.
• Knowledge of the features and benefits of bank products and services.
• Math and basic accounting skills
• Time management and ability to multitask
• Strong communication skills
• Proficient in Microsoft Office Suite and related program software.
• Proficient with or the ability to quickly learn position-related software. (Knowledge of Encompass, DU & LPA Automated Underwriting Systems preferred)
• Specialized and position related education and training. (preferred)