Mortgage Underwriter

At ServisFirst, Our Name is Our Mission.

DUTIES AND RESPONSIBILITIES

The Mortgage Underwriter is responsible for the timely and accurate underwriting of all mortgage loan files according to bank and investor guideline and compliance regulations.

The incumbent will :

• Underwrite mortgage loans to ensure compliance with bank and investor guidelines
• Assess loan attributes and documentation for soundness and accuracy
• Evaluate debt ratio, loan-to-value ratio, credit score, and appraisal to meet investor guidelines
• Review and analyze appraisals to ensure loan risk is acceptable to bank and investor guidelines
• Determine and document loan conditions, requirements, and decisions
• Evaluate Loan Estimate (LE) for accuracy and compliance with RESPA and TRID
• Utilize an Automated Underwriting System (AUS) or predetermined guidelines to underwrite loans
• Stay abreast of Private Mortgage Insurance (PMI) guidelines and order PMI as necessary
• Maintain knowledge of all applicable underwriting guidelines
• Review legal and regulatory compliance documents for accuracy
• Provide strong and clear communication to other mortgage department personnel and borrowers regarding documents needed for mortgage loan files to ensure quick turnaround time
• Provide guidance to processors regarding procedures and requirements
• Assist closing / post-closing personnel to ensure loan is purchased by investor
• Perform administrative duties such as faxing, photocopying, filing and phone support as necessary
• Responsible for being familiar with all compliance regulations and policies that are applicable to this position and follow and ensure compliance with these regulations and policies

Note : Reasonable accommodation may be made to enable otherwise qualified associates / applicants with disabilities to perform the essential functions of the job.

Note : Additional duties and responsibilities may be assigned.

MINIMUM QUALIFICATIONS

PHYSICAL REQUIREMENTS AND ENVIRONMENTAL CONDITIONS

The physical requirements and environmental conditions of this position consist primarily of :

EOE / AA