Mortgage Underwriter III

Sunflower Bank, N.A.•Plano, TX

1d•Onsite

About The Position

At Sunflower Bank, N.A., we’re experiencing great growth. Since our founding in 1892, we've been committed to serving our communities and supporting the team members who make it all possible. As a full-service financial institution, we offer a full range of relationship-focused services to meet personal, business, and wealth-management financial objectives. Creating Possibility is not just our mission, it’s what we do every day for clients and associates. Learn more about Sunflower Bank, N.A. at sunflowerbank.com. Sunflower Bank, N.A. is looking for an energetic, highly motivated individual to fill the position of a full-time Mortgage Underwriter III. The Mortgage Underwriter III renders a final decision (e.g., approval, disapproval, approval with conditions) for mortgage loan applications in a timely, accurate and compliant manner. This position reviews loan applications based on factors such as capacity, credit history, capital, and collateral in compliance with company policy, contracts, investor guidelines, lending programs and state and federal laws and regulations.

Requirements

At least 10+ years of underwriting experience or combination of mortgage processing and underwriting experience
Conventional FNMA & FHLMC
FHA Direct Endorsement (DE) approved
Veterans Administration (VA) Lender Appraisal Processing Program (LAPP/SAR)
Must be proficient in Microsoft Office Suite.
Must possess excellent verbal, written and interpersonal skills.
Must possess excellent organization and multi-tasking skills.
Ability to maintain confidentiality.

Nice To Haves

Graduation from a 4-year college or university with related major, preferred
minimum of two of the following specialty areas: Portfolio Lending, Construction One Time and/or Two Time Close, or Jumbo Non-Conforming
USDA preferred but not required
Knowledge of Construction One Time and Two Time Close underwriting-preferred but not required
Knowledge of Jumbo Non-Conforming Service Release underwriting
Down payment assistance programs-preferred but not required

Responsibilities

Render a final underwriting decision (e.g., approved, suspend, denied) for mortgage loan applications based on factors such as capacity, credit history, capital and collateral.
Apply underwriting rules from multiple sources to accurately and consistently review individual loan applications.
Formulate approval conditions, as appropriate.
Review each loan file to verify documents are present, accurate, accurately calculated, compliant and sufficiently complete for an underwriting decision.
Review and reach an underwriting decision on the appraisal.
Accurately answer questions from and educate loan officers, loan processors, and other appropriate personnel about underwriting rules and how they apply to individual loan applications.
Review and answer loan scenario questions from loan officers.
Perform necessary computer-based functions for both internal and external IT systems.
Conduct online research.
Meet ongoing, short deadlines with regard to underwriting, closing, etc.
Meet rules, obligations, timelines, and deadlines to comply with company policy, contracts, investor guidelines, lending programs and state and federal law and regulation.
Perform the job in accordance with applicable industry laws and regulations as well as the policies and procedures established by the company.