Mortgage Loan Underwriter

M2 • Westlake, OH

9d • Hybrid

About The Position

The Mortgage Loan Underwriter is responsible for performing initial underwriting analysis of 1-4 family mortgage and HELOCs to M2 standards and regulatory guidelines. This role involves analyzing information to determine the risk involved in lending money for mortgage loans, including income, assets, credit, and supporting documentation to ensure compliance with loan standards, FNMA/FHLMC, and non-agency guidelines. The underwriter will make initial credit decisions to approve, deny, or suspend moderately complex loans in accordance with Regulation B, provide support to Junior and Senior Underwriters, review conditions for clear-to-close status, and respond to inquiries. The position also requires submitting and analyzing findings from AUS and other vendors, and compliance with all applicable banking laws and regulations.

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.
• Process Oriented
• Quality Focused
• Resourcefulness
• Communication
• Accountability
• Relations with Others
• Service Orientation

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

• Perform initial underwriting analysis of 1-4 family mortgage and HELOCs to M2 standards and regulatory guidelines.
• 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.
• Make initial credit decisions to approve, deny or suspend moderately complex loans in following Regulation B regulatory requirements.
• Provide support to Junior and Senior Underwriters, including review of PTC conditions, appraisals, copying and submission of loan files to MI.
• Review all borrower and non-borrower conditions to determine that they satisfy the requirements to issue a clear-to-close.
• Respond to inquiries from others to clarify requirements and resolve issues.
• Submit and analyze findings of AUS and other vendors.
• Comply 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