Mortgage Underwriter: Secondary Market Expert

First Federal Bank of LA; Lake Charles (LA); On-site; USD 65,000 - 85,000; Full time

Job summary

First Federal Bank of Louisiana is seeking a Mortgage Underwriter in Lake Charles to evaluate mortgage applications in collaboration with loan officers and ensure compliance with FNMA, FHA, VA, and RH guidelines. The role involves reviewing appraisals, data entry, and issuing underwriting decisions with attention to conditions and documentation quality.

The ideal candidate will have an associate degree in a business-related field and at least two years of loan underwriting or processing

Qualifications

• Associate's degree or equivalent in a business-related field.
• Minimum of two years related loan underwriting or processing experience with a financial institution.

Responsibilities

• Reviews real estate applications according to FNMA, FHA, VA, Rural Housing, PMI, Secondary Market, Special Programs and Bank guidelines to determine credit worthiness of loan applicants.
• Reviews appraisals for completeness, consistency and accuracy and enters data in required systems/databases.
• Prepares exception sheets, evaluation analyses, loan submission sheets, etc.
• Reviews all documentation and clears underwriting exceptions and/or conditions.
• S suspends loan files that are incomplete and requests additional information from Loan Officers when appropriate.
• Submits documentation for Private Mortgage Insurance (PMI) approval and for RH/VA approvals.
• Reviews tax transcripts for borrowers on all secondary market loans and conducts due diligence across involved parties.
• Orders Eligibility and VA Loan guarantees via VA Online Portal and performs related verifications.

Education

Associate's degree or equivalent from a two year college or technical school in a business-related field

Job description

First Federal Bank of Louisiana is seeking a Mortgage Underwriter in Lake Charles to evaluate mortgage applications in collaboration with loan officers and ensure compliance with FNMA, FHA, VA, and RH guidelines. The role involves reviewing appraisals, data entry, and issuing underwriting decisions with attention to conditions and documentation quality.

The ideal candidate will have an associate degree in a business-related field and at least two years of loan underwriting or processing