Mortgage Loan Underwriter II/MORTG002936/Remote

Cadence Bank • Tupelo, MS

387d • Remote

About The Position

The Mortgage Loan Underwriter II position at Cadence Bank involves evaluating and making decisions on mortgage loan applications. The role requires a thorough understanding of various loan programs and underwriting guidelines, ensuring compliance with financial institution requirements and government regulations. The underwriter will work remotely and is expected to maintain a professional atmosphere while documenting decisions regarding loan approvals or denials.

Requirements

• High School Diploma or equivalent.
• Thorough understanding of all loan programs.
• Good understanding of FHA, VA, and conventional underwriting guidelines for all loan investors.
• Ability to meet strict time deadlines and work independently under pressure.
• Detail-oriented and able to follow set guidelines.
• Excellent written and verbal communication skills.
• Ability to work cooperatively with others.
• Regular and reliable attendance.

Nice To Haves

• Experience in the mortgage industry.
• Knowledge of additional loan programs or underwriting guidelines.

Responsibilities

• Verifies income and employment information of borrower.
• Reviews credit history of borrower.
• Evaluates the borrower's depository accounts and assets.
• Determines fair market value for the collateral by reviewing the appraisal.
• Ensures that property specifications and loan terms meet financial institution requirements and government regulations.
• Renders the underwriting decision after evaluation of the application and collateral.
• Documents the reasons for approval or denial of the loan and includes the documentation in the loan file.
• Provides and maintains a professional, business-like atmosphere within the organization.

Benefits

• Remote work flexibility
• Diversity and inclusion initiatives
• Equal opportunity employment

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: High school or GED