Mortgage Underwriter

Gateway First Bank • Plano, TX

17h

About The Position

Responsible for underwriting designated residential loans by analyzing credit data to ensure compliance with investor and company guidelines and requirements. The role involves analyzing loan documentation for accuracy and completeness, assessing creditworthiness, and ensuring adherence to regulatory and compliance requirements. This includes verifying income and employment information, reviewing applicant credit history and scores, and examining asset accounts for available funds for mortgage transactions. The underwriter must also analyze loan documentation to detect signs of possible mortgage fraud or money laundering, work with loan originators and production staff to compile required credit documentation, and review secondary resubmissions to prepare necessary forms and worksheets for credit approval. Communicating credit decisions and answering loan amount questions to address outstanding items for credit approval are also key responsibilities. The position requires awareness of possible suspicious activity, money laundering, or fraudulent behavior, with any such incidents to be reported to the BSA department. All job functions must be performed in compliance with company policies and federal, state, and local laws and regulations, including BSA/AML, OFAC, and GLBA/privacy rules.

Requirements

• Advanced knowledge of mortgage underwriting policies, procedures, and processes.
• Advanced knowledge of agency and investor underwriting requirements.
• Solid analytical and conceptual skills, especially as required in analyzing credit data, file integrity, and loan file data.
• Proven oral and written communication skills to relate loan information to loan originators and service providers in a friendly, articulate and well understood manner.
• Proficient in Word, Excel, and Outlook.
• Proficient in loan origination software.
• Attention to detail and ability to analyze loan file data.
• Exemplifies the Gateway Values: Growth Oriented, Make a Difference, "Get it Done" Attitude, Team Player, Do the Right Thing.
• Bachelor's degree in finance, business or a related field or equivalent years of experience.
• 5 years of mortgage underwriting experience in mortgage industry including conventional, FHA, VA, RD.

Nice To Haves

• Prefer DE and/or SAR certified.
• Prefer related experience in financial services industry.

Responsibilities

• Analyzes loan documentation for accuracy and completeness to assess credit worthiness and adherence to regulatory and compliance requirements.
• Verifies the income and employment information of loan applicants, reviews the applicant credit history, and scores, and examines asset accounts for available funds for mortgage transactions.
• Analyzes loan documentation to determine credit worthiness and to detect signs of possible mortgage fraud or money laundering.
• Works with loan originators and production staff to compile required credit documentation.
• Reviews secondary resubmissions of credit documentation provided and prepare the necessary forms and worksheets to issue credit approval.
• Communicates credit decisions and answer loan amount questions to address issues on outstanding items required for credit approval.
• Exercises awareness with regard to possible suspicious activity, money laundering or fraudulent behavior and reports any such incidents to the BSA department.
• Performs all job functions in compliance with all company policies and federal, state, and local laws and regulations as applicable to the position, including, but not limited to BSA/AML, OFAC and GLBA/privacy rules.
• Performs related responsibilities as required or assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 1-10 employees