M2 - Mortgage Loan Underwriter

First Federal Lakewood • Westlake, OH

1d • Hybrid

About The Position

This role is under the M2 subsidiary of FMHC. The Mortgage Loan Underwriter is responsible for performing initial underwriting analysis of 1-4 family mortgage and HELOCs to M2 standards and regulatory guidelines.

Requirements

• 5 to 7 years mortgage loan experience is required.
• Experience with lending laws, regulations and guidelines is required.
• Proficiency in MS Office [Outlook, Excel, Word] or similar software is required.
• High School Diploma or equivalent is required.

Nice To Haves

• Proficiency working in lending systems including Encompass, Cleartouch, OnBase, various government and investor software/web portals is preferred.
• Credit reporting sites, USPS address verification search, personal and business name search websites are preferred.
• Bachelor’s degree is preferred.

Responsibilities

• Analyze information to determine risk involved in lending money for mortgage loans, income, assets, credit and any supporting documentation to ensure sufficient to loan standards, including FNMA/FHLMC and non-agency guidelines.
• Uses their 5-7 years of experience in making the initial credit decision to approve, deny or suspend moderately complex loans in following Regulation B regulatory requirements.
• Provides support to Junior and Senior Underwriters, including review of PTC conditions, appraisals, copying and submission of loan files to MI.
• Reviews all borrower and non-borrower conditions to determine that they satisfy the requirements to issue a clear-to-close.
• Responds to inquiries from others to clarify requirements and resolve issues.
• Submits and analyze findings of AUS and other vendors.
• Complies with all applicable banking laws and regulations, including, but not limited to the Bank Secrecy Act, USA Patriot Act, and related anti-money laundering statutes, and federal consumer protection legislation and regulations.
• Other duties as required.

What This Job Offers

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