Mortgage Underwriter – Secondary Market Expert

Socket.dev; Louisiana (MO); On-site; USD 65,000 - 90,000; Full time

Job summary

First Federal Bank of Louisiana is seeking a Mortgage Underwriter in the Secondary Market/Underwriting Department at its Main Office in Lake Charles, LA. This role evaluates mortgage applications and determines creditworthiness in collaboration with loan officers.

The position requires an Associate's degree or equivalent and at least two years of underwriting or processing experience with a financial institution. Equal opportunity employer; standard banking hours apply.

Qualifications

• Associate's degree or equivalent from a two-year college or technical school 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, RH, PMI, Secondary Market, Special Programs and Bank guidelines to determine credit worthiness.
• Reviews appraisals for completeness, consistency and accuracy; enters data in systems/databases as required.
• Prepares exception sheets, evaluation analysis, loan submission sheets, etc.
• Reviews all documentation as received; clears underwriting exceptions and/or conditions.
• Suspends loan files that are incomplete; requests additional information from Loan Officers when appropriate.
• Submits documentation for PMI approval.
• Submits documentation to USDA RH and loan information for RH approval.
• Reviews tax transcripts for borrowers on all secondary market loans.
• Researches all persons involved in the transaction for GSA and Limited Denials through FHAConnection on secondary market loans.
• Orders Certificate of Eligibility for veterans on VA loans using the VA Online Portal; obtains VA Loan Guarantee on VA loans.

Education

Associate's degree or equivalent (2-year college/technical school) in a business-related field

Job description

First Federal Bank of Louisiana is seeking a Mortgage Underwriter in the Secondary Market/Underwriting Department at its Main Office in Lake Charles, LA. This role evaluates mortgage applications and determines creditworthiness in collaboration with loan officers.

The position requires an Associate's degree or equivalent and at least two years of underwriting or processing experience with a financial institution. Equal opportunity employer; standard banking hours apply.