Mortgage Underwriter

Southern First Bank; Greenville (SC); On-site; USD 70,000 - 110,000; Full time

Job summary

Southern First Bank is seeking an experienced Mortgage Underwriter to review loan files for FNMA/FHLMC compliance, analyze financial status, and make underwriting decisions. The role involves coordinating with credit analysts, executives, outside mortgage firms, and clients to ensure proper underwriting and timely funding.

A strong background in lending regulations and relevant certifications is required. The position requires at least five years of lending experience, including three years of

Qualifications

• Minimum of five years previous lending experience, including at least three years actual underwriting experience.
• Bachelor’s degree in finance or accounting is preferable.
• Must have DE and LAPP certifications.
• Knowledge of federal and state lending regulations.

Responsibilities

• Receive loan files originated by the financial institution and review files for all necessary forms and information according to FNMA and FHLMC underwriting guidelines.
• Analyze applicant’s financial status, credit and property evaluation to determine feasibility of granting loan.
• Submit applications to credit analyst for verification and recommendation.
• Make an underwriting decision for each loan.
• Confer with bank executives to aid in resolving mortgage application problems.
• Communicate with outside mortgage firms, mortgage loan officers and clients to underwrite files properly.
• Keep informed of current underwriting practices and assist in updating underwriting policies.
• Analyze potential loan markets to develop prospects for loan.
• Responsible for audits of loan files prior to and after funding is obtained.
• Work with appropriate areas within the bank in obtaining funding for loan files.
• Prepare records and reports as requested regarding loan file activity.
• Complete other duties as assigned.

Skills

Underwriting experience

DE certification

LAPP certification

Financial analysis

Regulatory knowledge

Communication skills

Detail-oriented

Independent work

Education

Bachelor's degree in finance or accounting

High school diploma

Tools

Excel

Work processing software

Job description

Essential Responsibilities

• Receive loan files originated by the financial institution and reviews files for all necessary forms and information according to FNMA and FHLMC underwriting guidelines.
• Analyze applicant’s financial status, credit and property evaluation to determine feasibility of granting loan.
• Submit applications to credit analyst for verification and recommendation.
• Make an underwriting decision for each loan.
• Confer with bank executives to aid in resolving mortgage application problems.
• Communicate with outside mortgage firms, financial institution mortgage loan officers and clients of the financial institution to underwrite files properly.
• Keep informed of current underwriting practices and assists in updating the financial institution’s underwriting policies.
• Analyze potential loan markets to develop prospects for loan.
• Responsible for audits of loan files prior to and after funding is obtained.
• Work with appropriate areas within the bank in obtaining funding for loan files.
• Prepare records and reports as requested regarding loan file activity.
• Complete other duties as assigned.

Essential Skills, Education And Experience

• High school diploma with previous banking and/or financial experience.
• Bachelor’s degree in finance or accounting is preferable.
• Knowledge of basic lending and underwriting policies and procedures, including guidelines issued by FNMA and FHLMC.
• Minimum of five years previous lending experience, including at least three years actual underwriting experience.
• Must have DE and LAPP certifications.
• Knowledge of all federal and state regulations regarding lending and related departments.
• Skill in assessing quality of loans originated and purchased by the financial institution.
• Superior analytical thinking and mathematical skills.
• Accurate typing, spelling and grammar skills.
• Good written and oral communication skills.
• Good organizational skills.
• Interpersonal skills to represent the Bank in a positive way in dealing with clients and other team members
• Ability to adjust to change and a willingness to be a team player
• Maintain regular consistent and professional attendance, punctuality and personal appearance
• Ability to work independently and take initiative to exercise judgment and make decisions within scope of authority
• Ability to think and act quickly and to follow procedures
• Must have own transportation
• Must be able to sit for long periods of time as position involves majority of time spent at desk and computer
• Strong working knowledge of industry guidelines and financial institution products and services.
• Be able to work within the time frames of rate locks and at times less than 30 day closing requirement on sales contracts.
• Knowledgeable on applicable computer software systems to include work processing, databases, and spreadsheets.
• Thoroughly knowledgeable of mortgage products and services offered.

WORK CONDITIONS

• Must be able to sit at a desk and computer for long periods of time.
• Minimal travel required.