Residential Mortgage Underwriter III

Underwriter

Working under the direction and guidelines established by the Underwriting Manager(s), underwrites residential mortgage and consumer applications to secondary market / investor requirements, Bank policy and procedures as well as all mortgage and consumer regulations. Reviews and analyzes all relevant data and documentation to determine overall risk profile in order to make solid credit decisions.

Underwriter I

Accountabilities :

• Perform a detailed review of the residential mortgage and consumer loan application and documentation as submitted to determine services, disclosures and actions needed to prepare for the processing and underwriting.
• Register applicable loans with Federal Housing Administration or Veteran Administration.
• Assign credit, income and property documents in the proper folder.
• Responsible for effectively communicating and documenting the loan files with any missing information and questionable findings.
• Make Consumer Credit Decisions within set limits and communicate results to the Lending Officer.
• Develop and maintain knowledge of multiple loan product guidelines.
• Serves as a subject matter expert and back-up for mortgage and consumer analysts and administrative functions in Operations.

Duties and Responsibilities :

Underwriter II

In addition to the Accountabilities detailed in an Underwriter I the following will be included for an Underwriter II :

Accountabilities :

Duties and Responsibilities :

Underwriter III

In addition to the Accountabilities detailed in an Underwriter II the following will be included for an Underwriter III :

Accountabilities :

Duties and Responsibilities :

Compliance and Control :

General :

Competencies

Knowledge / Skills & Experience Requirements

Underwriter I :

Underwriter II :