Responsible for the underwriting of the Bank's residential lending correspondent/agency (FNMA/FHMLC) programs as well as portfolio underwriting. Is proficient and adheres to Bank and Investor credit and collateral loan policies and procedures. Ensures each mortgage loan is underwritten in accordance with all investor guidelines and in compliance with government regulations applicable to the residential underwriting guidelines, office operations and support staff functions. Makes sound lending decisions within their board assigned lending authority up to $500,000. Responsible for supporting the bank's residential lending programs by providing services of underwriting for all residential loan products and monitoring CRA loans guidelines, requirements and changes.
10 + years of residential mortgage loan underwriting experience, with specific experience in FNMA and FHMLC.
Correspondent lending experience.
Expert with Fannie Mae DU/DO and Freddie Mac LP programs and policies.
Knowledge of federal and state regulatory requirements.
Thorough understanding of credit, underwriting, credit policy and financial analysis in portfolio underwriting.
Strong analytical and decision making skills.
Knowledge of Fannie Mae Desktop Underwriter and Freddie Mac Loan Prospector.
Ability to effectively present information and respond to questions from groups of managers, borrowers, and internal/external clients.
Ability to work with Origination and Processing staff.
Must be familiar with fraud detection techniques.
Microsoft Office proficiency required.
Encompass LOS knowledge preferred.
Ability to manage by taking charge and directing others.
Leads by building commitment and keeping others involved and takes a strategic approach to problem solving and/or decision making.
Production-oriented by setting high expectations for self and others and functions efficiently and effectively under deadlines and stress while maintaining a professional and mature demeanor.
Bachelor's Degree in Business, Real Estate or related field, or the equivalent year of experience.
Special Instructions to Candidates
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
Please view Equal Employment Opportunity Posters provided by OFCCPhere.
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
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