Mortgage Portfolio Underwriter

Bell Bank•Fargo, ND

11d

About The Position

This position will be responsible for analyzing portfolio real estate mortgages, construction transactions and retail loans including home equity transactions. The Portfolio Underwriter will be a member of the Real Estate Loan Committee. Must be well versed in collateral analysis, credit analysis, agency and secondary guidelines. Strong candidates will demonstrate the ability to make independent decisions and have a versatile lending background.

Requirements

Minimum of 10 years of real estate experience within the areas of risk management and underwriting.
Full understanding of mortgage policies for Fannie Mae, Freddie Mac, FHA, RD and VA.
Ability to communicate and relay decisions professionally to officers.
Ability to provide exceptional service to all business partners and officers by turning decisions within expected service level agreements (SLA = 24 to 48 hrs) on all loans reviewed for Bell Bank and Bell Bank Mortgage.
Must have a high attention to detail to review files thoroughly and completely.
Ability to make decisions based on facts presented and guidelines established.
Flexibility to adapt to new information presented and review without prejudgment.

Nice To Haves

Experience with Encompass
Knowledge and experience with Collateral Underwriter

Responsibilities

Review all single-family portfolio mortgage loans as assigned. Review for guidelines and quality; make recommendations to Real Estate Loan Committee for transactions exceeding lending authority.
Facilitate workflow of transactions through Encompass. Prepare Loan Committee worksheets and communicate decisions appropriately.
Openly collaborate with all departments to assist with customer requests.
Collaborate and assist the designated Bell Bank Mortgage Portfolio Underwriter and VP of Underwriting in all Bell Mortgage markets pertaining to portfolio questions.
Keep up to date on all Fannie Mae, Freddie Mac, FHA, RD and VA guideline requirements for 1-4 family residential loans.
Assist and mentor Retail Underwriting including escalated financial analysis, collateral review and guideline interpretations.
Review and approve appraisals for Portfolio, Retail, and Private Banking transactions. Review will include formal FIRREA compliance analysis.
Review and approve modification requests received from Mortgage Servicing.
Assist with updating/developing Portfolio guidelines and maintaining BellShare site.
Know by name and face as many customers and employees as possible, calling them by name as often as possible.
Know and practice LOCBUTN, our Golden Rules, and Bell Bank Customer Service Standards.
Know, understand, and live the company values and bottom line.
Conduct activities consistent with established Bell Bank policies, procedures and systems, the Bell Bank Employee Conduct policies, the Bank Secrecy Act and all applicable state and federal laws and regulations.
All employees are responsible for information security, including compliance with policies and standards which protect sensitive information.
Prompt and reliable attendance.
Perform other duties as assigned.