Underwriter

First Federal Bank of Louisiana•Lake Charles, LA

23d•Onsite

About The Position

First Federal Bank of Louisiana is seeking a Mortgage Underwriter for their Secondary Market/Underwriting Department at their Main Office in Lake Charles, Louisiana. First Federal Bank of Louisiana is a full-service, locally owned community bank with over 75 years of history, over one billion dollars in assets, and 16 offices serving Southwest and Central Louisiana. They offer comprehensive retail and commercial products and investment services, focusing on empowering people and places to achieve their dreams through community-first banking. Visit www.ffbla.bank to learn more. Member FDIC, Equal Housing Lender.

Requirements

Associate's degree or equivalent from a two (2) year college or technical school in a business-related field.
Minimum of two (2) years related loan underwriting or processing experience with a financial institution.
Ability to perform each essential duty satisfactorily.
Ability to meet the knowledge, skill, and/or ability requirements.

Responsibilities

Approves or denies mortgage loans through the evaluation of mortgage applications in conjunction with loan officers.
Reviews real estate applications according to FannieMae (FNMA), FHA, VA, Rural Housing (RH), Private Mortgage Insurance (PMI), Secondary Market, Special Programs and Bank guidelines to determine credit worthiness of loan applicants.
Reviews appraisals for completeness, consistency and accuracy in arriving at a valuation; enters data in appropriate systems/databases, if necessary and as required by regulation.
Prepares exception sheets, evaluation analysis, loan submission sheets, etc., as required.
Reviews all documentation as it is received; clears underwriting exceptions and/or conditions.
Suspends loan files that are incomplete; requests additional information from Loan Officers when appropriate.
Submits documentation for Private Mortgage Insurance (PMI) approval.
Submits documentation to USDA Rural Housing (RH) and loan information for RH approval.
Reviews tax transcripts for borrowers on all secondary market loans.
Researches all persons involved with the transaction for GSA and Limited Denials through FHA Connection on all secondary market loans.
Orders Certificate of Eligibility for veterans on all VA loans using the VA Online Portal.
Obtains VA Loan Guarantee on all VA loans using the VA Online Portal.
Reviews documentation prior to loan closing including, but not limited to, re-verification of employment/income ten (10) days prior to loan closing.
Reviews denied loan files in an effort to confirm the decisions made.
Completes assigned compliance training timely and in accordance with Bank policy.