Mortgage Lending Underwriter

Wellby Financial•Hercules, TX

About The Position

It's fun to work in a company where people truly BELIEVE in what they're doing! We're committed to bringing passion and customer focus to the business. Position Summary The Mortgage Lending Underwriter will evaluate and underwrite all mortgage loan types offered by Wellby Financial to 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

Knowledge of Wellby’s organizational functions, and general operating policies and procedures.
Knowledge of secretarial practices and procedures, business English, spelling, and punctuation.
Knowledge of personal computers, utilizing Microsoft Office Suite.
Knowledge and extensive understanding of mortgage products and guidelines.
Skilled in having constructive conversations with leadership around performance, development, and helping to support business goals.
Skilled in operating computer equipment and general office machines such as personal computers, copiers, projection equipment, audio/video, Microsoft Teams, Zoom Video Communications, and adding machines.
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 influence and engage direct and indirect reports and peers.
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 motivate others and to work in a large, cross-functional team dynamic.
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.
Knowledge of Wellby’s organizational functions and general operating policies and procedures.
Knowledge of general office practices and procedures, business English, spelling, and punctuation.
Knowledge of personal computer, utilizing Microsoft Office Suite and other software.
Skilled in operating computer equipment and general office machines such as personal computers, copiers, projection equipment, audio/video, Microsoft Teams, Zoom Video Communications, and adding devices.
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.
Ability to exercise independent judgment.
Bachelor’s degree in general studies, business, management, or related field preferred.
High School Diploma or equivalent required.
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.
Bondable For All Candidates

Nice To Haves

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.
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.
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.
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.
Have the capacity and intellect to carefully 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 duties as assigned.