Mortgage Underwriter I

Truist Bank•Richmond, VA

5d•Onsite

About The Position

The Underwriter is responsible for underwriting residential mortgage loans to ensure compliance with bank, investor, and secondary market standards. This role involves communication with processors, originators, and other internal and external customers, meeting performance standards and goals established by the bank, and approving acceptable loans within maximum conforming and/or non-conforming lending limits. The position requires performing detailed underwriting analysis of all Truist Financial mortgage loan products, including calculating income, complex financial analysis, analyzing title reports and lien information, reviewing financial statements, and reviewing all additional documentation prior to approval. Ensuring all loan files are documented to meet portfolio and investor guidelines to maintain quality standards is crucial. The role also involves developing and maintaining a strong understanding of Mortgage Lending products, policies, processes, and required documentation, with demonstrated expertise in two or more of the following categories preferred: GSE, Government, Portfolio, or expertise in government lending. Loans must be adequately conditioned to meet Mortgage Lending products, policies, processes, and their required documentation. Adherence to all compliance regulations and controls, and proactive and effective pipeline management to ensure metrics are met are also key responsibilities. Developing and maintaining positive working relationships with co-workers, internal and external clients, business partners, and vendors is expected. Lending authority will be granted based on experience and mastery of the certification program and/or demonstrated proficiency in underwriting mortgage loans.

Requirements

External applicants must possess two years of mortgage underwriting, three years of mortgage processing, or five years of mortgage industry experience. Mortgage industry experience includes mortgage underwriting (including modifications and quality control), mortgage processing, origination/loan support role, or unit management for mortgage business unit (processing or underwriting). Internal applicants may also qualify having five years of strong credit experience outside of Mortgage (i.e., consumer lending underwriter, wealth underwriter, commercial credit underwriter or processor, etc.)
Excellent Communication skills, both written and verbal, in relating to internal and external clients.
Demonstrates proficiency in basic computer applications, such as mortgage automated processing systems and Microsoft Office software products.
Bachelor's degree in business or related field, or equivalent education or related training
Ability to travel, occasionally overnight.

Nice To Haves

Basic knowledge of bank services and products
Direct Endorsement and Staff Appraisal Reviewer Certifications
Familiarity with Automated Underwriting Systems (e.g. DU, LP, GUS)

Responsibilities

Perform detailed underwriting analysis of all Truist Financial mortgage loan products including calculating all income type, calculating complex financial analysis, analyzing title reports and lien information, reviewing all financial statements, and reviewing all additional documentation prior to approval.
Ensure that all loan files are documented to meet portfolio and investor guidelines to ensure marketability and maintain quality standards.
Develop and maintain a strong understanding of Mortgage Lending products, policies, processes, and their required documentation; demonstrated expertise with two or more of the following categories preferred - GSE, Government, Portfolio - and/or expertise in government lending.
Loans to be adequately conditioned to meet Mortgage Lending products, policies, processes, and their required documentation
Adhere to all compliance regulations and controls.
Conduct proactive and effective pipeline management to ensure that metrics are met.
Develop and maintain positive working relationship with co-workers, internal and external clients, business partners and vendors.