Government Underwriter

Keybank National Association-posted 10 days ago

$33 - $50/Yr

Full-time • Mid Level

Hybrid • Albany, NY

5,001-10,000 employees

Credit Intermediation and Related Activities

Resume

Match Score

Upload and Match ResumeTrack Jobs with Teal

The Mortgage Senior Underwriter is responsible for reviewing, analyzing and approving residential loan applications. The Mortgage Senior Underwriter is also responsible for verifying income, assets, credit and collateral documents including self-employed personal and business tax returns. The Mortgage Senior Underwriter may be involved in one or several types of mortgage lending (agency conventional, portfolio conventional, FHA/VA MI etc.). This position will also lend support to other underwriters on complex loan submissions. Lending authority to include conventional, government and jumbo loan programs for up to $750,000. Excellent phone and communication skills and the value of providing superior customer service to internal and external customers required. An exemplary customer service-oriented attitude and the ability to work effectively in a Team Environment is essential. This is a hybrid role that will require office attendance 2 days a week. It is imperative to be at a commutable distance from one of the following offices: 4910 Tiedeman Road, Brooklyn, OH 4224 Ridge Lea Road, Amherst, NY

Evaluate creditworthiness of borrowers to render a credit decision. This includes but is not limited to the review of paystubs, W2's, financial statements, tax returns, asset statements, bank account statements, credit reports etc.
Must ensure all loans meet or exceed corporate credit policy and be in compliance with the Ability to Repay (ATR) and Qualified Mortgage provisions of the Dodd-Frank Act.
Ensure compliance with appropriate company and Agency/Investor/FHA/VA guidelines.
Review transmittal & 1003 to make sure it is accurate and complete and matches the final AUS findings
Review credit report and compare to liabilities on 1003. Verify the investor guidelines for outstanding derogatory items and requirement payment or satisfaction if needed.
Calculate income/self-employed cash flow using documentation and methodology required per investor, and CFPB regulations. Analyze the business's financial strength by examining annual earnings to determine stability and validity. Income must be verifiable, stable and ongoing.
Review assets to ensure adequate funds to close and required reserves. Ability to analyze bank statements for any recent large deposits and possible other debts that might impact ATR.
Review appraisal to ensure the report is accurate, complete and the value is supported, and the collateral is acceptable. Recognize when additional field reviews may be necessary to support value
Ability to review Condo/PUD projects to ensure they meet salable or non-warrantable guidelines
Review file to make sure state regulatory guidelines have been met and federal (Patriot Act)
Calculate net tangible benefit for those states that require this test
Ensure all tax, title, insurance and closing documentation is accurate and complete
Verify that the rate lock matches the underwriting file with the correct program, LTV, credit score and pre-payment penalty
Review final conditions submitted to Underwriting Final Approval within SLA
Re-review all Suspended loans within SLA
Review a minimum number of files per month as determined by management which would include new submissions, re-submissions & final conditions
Maintain current fluid knowledge of investor and agency guidelines and adapt to changes quickly
Communicate effectively and engage proactively with mortgage loan officers, processors, branch managers, funders and post-closers in regard to loan decisions, assignment of loan conditions, investor guidelines/documentation requirements and possible loan scenarios
Assists in the training of Key Bank Mortgage employees as needed
Perform other related duties as assigned
Work "underwriting help desk" on a rotational basis answering emails and phone calls from the sales force.
Demonstrate exceptional service philosophy in all interactions with internal peers and partners
Perform second level review on loans recommended for denial. Evaluate the application to determine if there are any other products or alternative terms available before issuance of denial.
Perform Second Level One Up Reviews on those loans recommended for approval above someone's lending authority.
Once approved, it has lending authority up to $750,000

Bachelor's Degree or equivalent work experience
5+ years of recent Mortgage Underwriting Experience (FHA, VA and Conventional) with strong agency guideline knowledge
DE, SAR and LAPP certifications strongly preferred; experience with USDA is a plus
Strong working knowledge of ATR/QM Requirements
Proven knowledge of Mortgage Insurance Guidelines and rates
Working knowledge of Empower LOS is a plus
Strong analytical skills: accuracy, consistency and completeness are critical
Ability to work in a fast paced, fluid environment and be held to meet minimum production standards
High integrity and outstanding work ethic
Strong computer skills; proficient in Microsoft Word, Excel and Outlook
Must have proficient written and verbal communication skills
Proven knowledge of compliance and disclosure requirements
Proven knowledge of closing, post-closing & quality control responsibilities

This position is eligible to earn a base hourly rate in the range of $32.69 - $49.52 per hour. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes incentive compensation subject to individual and company performance.
Please click here for a list of benefits for which this position is eligible.
Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.

Track Jobs with Teal

Job Search Resources

•

Resume Builder

•

Loan Underwriter Resume Examples

•

Loan Underwriter Cover Letter Examples

Government Underwriter

Job Search Resources

Tools

Career Hubs

Guides

Company