Mortgage Underwriter I

Truist Bank•Greensboro, VA

6d•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, as well as meeting performance standards and goals established by the bank. The Underwriter will approve acceptable loans within maximum conforming and/or non-conforming lending limits.

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.
English (Required) Language Fluency

Nice To Haves

Demonstrated expertise with two or more of the following categories preferred - GSE, Government, Portfolio - and/or expertise in government lending.
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 types, performing 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.
Ensure loans are 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 a positive working relationship with co-workers, internal and external clients, business partners, and vendors.
Lending authority will be granted based on experience and mastery of the certification program and/or demonstrated proficiency in underwriting mortgage loans.

Benefits

medical
dental
vision
life insurance
disability
accidental death and dismemberment
tax-preferred savings accounts
401k plan
10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment
10 sick days (also prorated)
paid holidays
defined benefit pension plan (depending on position and division)
restricted stock units (depending on position and division)
deferred compensation plan (depending on position and division)