Mortgage Coordinator - Loan Underwriter

Tennessee Housing Development Agency•Nashville, TN

About The Position

Reviews mortgage loan applications submitted by Originating Agents, assessing pre-purchase quality control including compliance/conformity with organization regulations and Federal Housing Administration (FHA), Veterans Administration (VA), United States Department of Agriculture/Rural Development (USDA/RD), Federal Home Loan Mortgage Corporation (Freddie Mac), Federal National Mortgage Association (Fannie Mae) and Private Mortgage Insurance (PMI) regulations and determining action to be taken; maintains on-going communication with lenders, realtors, consumers, etc.

Requirements

High school diploma or equivalent GED.
Two years of experience in mortgage lending as a senior processor or junior underwriter, certified residential underwriting designation preferred; three years of experience is preferred.
Experience working in a deadline-driven, fast paced environment.
Knowledge of loan processing and underwriting of FHA, VA, USDA/RD, Freddie Mac, Fannie Mae and PMI companies.
Good loan processing skills with knowledge of underwriting guidelines.
Ability to successfully and accurately complete assigned work in a fast-paced environment.
Strong interpersonal skills.
Excellent verbal and written communication skills.
Maintains credibility through sincerity, honesty, and discretion.
Maintains a high level of confidentiality.
Builds and maintains positive relationships with internal and external constituents.
Strong organizational skills.
Strong time management skills; uses time effectively; consistently meets deadlines.
Ability to exercise good judgment in evaluating complex situations.
Ability to adjust to frequent procedural changes.
Documents regularly, thoroughly, accurately, and completely.
High level of detail and accuracy.
Exercises good and consistently fair judgment, courtesy, and tact in dealing with the staff and public in giving and obtaining information.
Computer literate; proficient in Microsoft Word, Excel, Outlook, and the internet; able to effectively adapt to and use other computer systems as needed for daily activities.

Nice To Haves

Recent employment in the mortgage banking field is preferred.
certified residential underwriting designation preferred

Responsibilities

Reviews loan applications to determine conformity and compliance to insurer/guarantor and THDA’s guidelines.
Accurately reviews and determines household and qualifying income eligibility for potential homeowners for the Mortgage Revenue Bond (MRB) and Mortgage Backed Security (MBS) programs.
Accurately verifies loan information in loan origination system; reviews automated underwriting findings to verify accurate content of mortgage loan file.
Works with Mortgage Underwriting Manager, Senior Underwriters and/or Director of Loan Operations on day-to-day underwriting questions; requests additional documentation and follow up with lenders if needed.
Determines actions to be taken for assigned loans, seeking Manager or Senior Underwriter guidance if needed.
Maintains a high level of written and oral communication with Originating Agents to ensure accurate and timely receipt of all required documentation.
Reviews outstanding/pended documentation in a timely manner; transmits commitments Works closely with post-closing to review pre-funding conditions; review requests for extensions or modifications of commitment.
Cross trained to serve as mortgage loan processor.
Establishes and maintains relationships by answering the General Information Underwriting Line, in a businesslike manner giving technical program support to lenders, realtors, potential new Originating Agents, and borrowers.
Offers support to other areas in the division, as necessary or as time allows.