Mortgage Underwriter - FNMA/FHLMC Guidelines Expert

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

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