Mortgage Underwriter – Secondary Market Specialist

First-Federal-Bank-of-Louisiana; Lake Charles (LA); On-site; USD 60,000 - 80,000; Full time

Job summary

First Federal Bank of Louisiana in Lake Charles is seeking a Mortgage Underwriter to evaluate loan applications in collaboration with loan officers and ensure compliance with secondary market guidelines.

The role focuses on reviewing real estate submissions, appraisals, and income verification to determine creditworthiness, while maintaining thorough documentation and timely processing.

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 guidelines to determine credit worthiness.
• Reviews appraisals for completeness, consistency and accuracy.
• Prepares exception sheets, evaluation analysis, loan submission sheets, etc.
• Reviews all documentation as it is received; clears underwriting exceptions and/or conditions.
• Suspends loan files that are incomplete; requests additional information from Loan Officers when appropriate.
• Submits documentation for Private Mortgage Insurance (PMI) approval.
• Submits documentation to USDA Rural Housing (RH) and loan information for RH approval.
• Reviews tax transcripts for borrowers on all secondary market loans.

Skills

Mortgage underwriting

Credit analysis

Regulatory compliance

Documentation review

Fannie/Freddie guidelines

Education

Associate's degree

Job description

First Federal Bank of Louisiana in Lake Charles is seeking a Mortgage Underwriter to evaluate loan applications in collaboration with loan officers and ensure compliance with secondary market guidelines.

The role focuses on reviewing real estate submissions, appraisals, and income verification to determine creditworthiness, while maintaining thorough documentation and timely processing.