Mortgage Lending Underwriter

Wellby Financial • Hercules, TX

2d • Onsite

About The Position

The Mortgage Lending Underwriter will evaluate and underwrite all mortgage loan types offered by Wellby Financial in accordance with specific state and federal requirements, as well as secondary marketing requirements to limit risk exposure to Wellby Financial’s mortgage portfolio and secondary market investors. The Mortgage Underwriter will analyze required loan documentation and information presented in the mortgage loan request and condition and make appropriate loan decisions based on the acceptability of the credit risk, using established Wellby Financial guidelines, secondary market investors, and applicable state and government regulations. This position requires a complete and thorough knowledge and understanding of mortgage underwriting and will have direct involvement in loan origination system (LOS) oversight and management as it relates to underwriting. They will be a part of the Mortgage Lending team and work with a multitude of business partners, both internally and externally.

Requirements

• Minimum two (2) - five (5) years of underwriting experience with a minimum of two (2) years in real estate underwriting experience required.
• LOS and Product understanding with system integration knowledge.
• High School Diploma or equivalent required.
• Must be able to demonstrate underwriting experience vis-à-vis calculating income and/or appraisal evaluations for all products.
• Must demonstrate strong knowledge and experience with manual underwriting.
• Knowledge and extensive understanding of mortgage products and guidelines.
• Ability to use their mortgage quantitative and management skills.
• Ability to communicate information and ideas so others will understand.
• Must be able to exchange accurate information in these situations.
• Ability to work effectively across organizational departments and functions to achieve strategic goals.
• Ability to work in a fast-paced team environment with exceptional member service skills.
• Ability to communicate clearly and concisely, orally and in writing.
• Ability to efficiently understand and follow oral and written instructions, perform routine duties without close supervision, and establish and maintain effective working relationships with other team members.
• Ability to coordinate several concurrent activities simultaneously.
• Bondable For All Candidates

Nice To Haves

• Bachelor’s degree in general studies, business, management, or related field preferred.
• DE, SAR, LAP, or other underwriter certifications preferred.
• Experience working with secondary market investors and management experience is a plus.

Responsibilities

• Underwrite VA, FHA, USDA, and Conventional Loans to secondary marketing investor requirements and/or Wellby Financial portfolio guidelines.
• Calculate income and/or appraisal evaluations for all products.
• Demonstrate strong knowledge and experience with manual underwriting.
• Prepare and present counter offers on loans outside of secondary marketing underwriting guidelines.
• Prepare adverse action notifications, with awareness of the compliance provisions of the regulatory agencies.
• Review and evaluate documents to ensure adherence to Credit Union, NCUA, USPAP and all other relevant industry guidelines to ensure loan acceptance.
• Develop and maintain all underwriting policies and procedures.
• Maintain consistent and up-to-date knowledge of all updates and apply those changes not only to the written policies but also communicate them to the mortgage lending team.
• Act as a subject-matter expert on all mortgage products and any changes to Wellby guidelines and secondary marketing investor guidelines.
• Maintain and update underwriting guidelines and/or procedural changes in the loan origination system when applicable; will assist LOS with underwriting testing requirements.
• Analyze loan exceptions and rejections; recommend alternative mortgage products better suited to the loan applicant.
• Work closely with Compliance to implement any regulatory changes to include qualified mortgage (QM) and ability to repay (ATR) requirements.
• Performs other related duties as assigned.
• Works with purpose and is driven to provide the best team member experience.

Benefits

• Equal opportunity employer
• Affirmative action employer
• Consideration for employment to qualified applicants without regard to race, color, religion, sex, national origin, age, disability, genetic information, sexual orientation, gender identity or expression, pregnancy, veteran status or any other legally protected characteristic.
• Provides equal opportunity to qualified individuals with disabilities and disabled veterans.
• Reasonable accommodation available for individuals with disabilities.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED