Mortgage Underwriting Specialist

Job Title : Mortgage Underwriting Specialist

Department : Mortgage Department

Reports To : SVP - Retail Loan Manager

SUMMARY

Performs a wide ranges of duties related to the underwriting of residential mortgages. Renders an underwriting decision and subsequent clearing conditions to ensure credit guidelines are met. Proactive in communicating the decision to the Loan Originator, as well as a resource to Residential Mortgage personnel on any underwriting questions. Assists in training new hires. Functions as escalation point for decisions requiring higher authority or unique problem solving to make the loan work.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

• Utilize systems in place, including automated underwriting to underwrite files in a timely manner.
• Underwrite conventional and portfolio loans, in addition to assisting in FHA / VA loans, until such delegation is provided.
• Manage expected service levels related to decision and condition clearing.
• Update information on processing and underwriting systems to verify, add, delete or waive conditions.
• Contact Loan Originators with the decision on the loan immediately after underwriting the file.
• Provide feedback to other staff and loan officers.
• Demonstrate leadership skills as a team player by providing superior customer service, being flexible and approachable.
• Responsible for appropriate section of HMDA worksheet.
• Review exception report to ensure completion of all tasks.
• Maintain knowledge of WMCB policies and procedure, in addition to private investors, government investors and portfolio Credit policy and Guidelines.
• Maintains a working knowledge of new governmental regulations and real estate laws, in addition to all company products, systems, operational procedures and policies. Stays up-to-date with any policy changes within the company.
• Adherence to all applicable compliance regulations. Works in conjunction with senior management to ensure proper knowledge of all relative compliance topics, monitor activities and report issues. Follow directions from management and Chief Compliance Officer for resolution of issues.
• Responds to and resolves systems problems and questions from users throughout the department for all loan systems. Maintains user passwords for mortgage related vendors.
• Participates in the design of user modifications, enhancements and new technologies. Addresses system testing if new product developments and system releases. May serve as vendor manager for all systems related vendors.
• Manages report system to generate all weekly, monthly, quarterly and annual reports for the retail lending area. Works with management to develop new reports as needed.
• Participates in New Products Implementation Committee and other department committees as needed. Assist with developing and maintaining system, processing and other mortgage related manuals.

SUPERVISORY RESPONSIBILITIES

May supervise loan processors

ESSENTIAL SKILLS TO PERFORM THE JOB