Mortgage Underwriter SFLO-Home Equity

Bank of America • Tampa, FL

2d • $38 - $45 • Onsite

About The Position

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Job Description: This job is responsible for underwriting Home Equity loans. Key responsibilities include analyzing loan documentation for accuracy and completeness, while working with sales and operations teams to secure all required documents. Job expectations include ensuring compliance with appropriate guidelines and responding to individual and investor audit requests. This position is subject to SAFE Act registration requirements. Pursuant to the SAFE Act requirements, all employees engaged in residential loan mortgage originations must register with the federal registry system and remain in good standing. Since this position requires SAFE Act registration, employees are required to register and to submit to the required SAFE Act background check and registration process. Failure to obtain and/or maintain SAFE Act registration may result in disciplinary action up to and including termination.

Requirements

• 1+ year of manual underwriting experience or has been in a Bank of America Home Services Specialist (HSS) role for a minimum of 1 year.
• Effective time management skills with ability to balance multiple competing priorities
• Must have ability to manage complex transactions, possess strong credit skills and transaction experience, and demonstrate the ability to work with partners to deliver client experience
• Must have or be able to obtain the SAFE Act Registration.
• Skills: Collateral Management
• Credit Documentation Requirements
• Credit and Risk Assessment
• Customer and Client Focus
• Underwriting Collaboration
• Decision Making
• Financial Analysis
• Prioritization
• Recording/Organizing Information
• Attention to Detail
• Business Acumen
• Loan Structuring
• Oral Communications
• Written Communications
• Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Responsibilities

• Evaluates decisions on Home Equity loans
• Analyzes income, assets, credit reports, and appraisals for accuracy and completeness while proactively identifying risks
• Manages a pipeline of loan applications
• Prioritizes tasks to close a loan within required Service Level Agreement periods
• Maintains a high level of customer service
• Provides information requested for internal and investor audits

Benefits

• This role is currently benefits eligible.
• We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
• Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED