MORTGAGE LOAN UNDERWRITER - FIRSTBANKPR

First BanCorp • PR

135d

About The Position

The Mortgage Loans Underwriter approves or denies mortgage loans according to the lending authorized. Ensures that all loans comply with the investor’s requirements to sell them in the secondary market. Accountable for adhering to the Bank’s BSA, AML and Office of Foreign Asset Control (OFCA) applicable policies. Employee must follow specific unit procedures developed in compliance with the policies. Employee is also responsible for reporting any suspicious activity and/or transactions in accordance with the Bank’s processes and comply with any mandatory BSA, AML and OFAC training assigned.

Requirements

• A Bachelor’s degree in any related area and three years or more of progressive experience (similar position-underwriting) within the Mortgage Banking Industry.
• Specialized courses in mortgage banking industry, risk analyst and underwriter workshops are required for the appropriate performance of this job.
• Expertise on required documents for eligibility and the regulations for all types of mortgage loans such as FHA, VA, Conventional-Conforming, Conventional Non-Conforming.
• Knowledge of Mortgage Banking Industry regulations and procedures.
• Risk analysis and underwriting knowledge.
• Must write, speak, and comprehend Spanish and English languages.

Nice To Haves

• Underwriter certification.

Responsibilities

• Approves or denies mortgage loans according to the established guidelines.
• Presents cases to the loans committee, when necessary.
• Writes Credit Approval Memoranda to present to the credit committee.
• Answers the auditor and Quality Assurance Department’s reports.
• Assists the Chief underwriter in a variety of assigned tasks.
• Supports Loan Processors effort in the documentation of each case.
• Supports management as requested.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree