Mortgage Underwriter

LCNB National Bank•Lebanon, OH

6d•Hybrid

About The Position

LCNB National Bank is seeking a Mortgage Underwriter within our Credit Mortgage Lending Department. This position is responsible for the daily tasks involved in reviewing residential FHA/VA/USDA/Conventional loan packages to deliver valid credit decisions according to investor and agency guidelines for specific loan programs. This ideal candidate will evaluate credit worthiness and borrowers’ ability to qualify for a mortgage loan in the amount requested with the collateral desired based on investor and agency standards.

Requirements

5+ years of experience underwriting FHA, VA, and Conventional Loans
Direct Endorsement from HUD, Lender Appraisal Processing Program LAPP approval, as well as full VA LAPP authority
Bachelor’s or equivalent experience

Nice To Haves

Knowledge of retail lending concepts and principles, experience with personal financial and tax return analysis
Ability to accurately analyze financial data with high attention to detail
Ability to examine loan documentation for accuracy and completeness
Ability to read and interpret various investor and agency requirements and relate requirements to loan being underwritten
Ability to work effectively with loan originators and production staff to acquire all required documentation
Strong credit, risk analysis, and analytical skills
Excellent and effective oral and written communication skills with internal and external customers
Ability to understand the perspective of others before making decisions that will affect others
Ability to design and implement efficient and effective processes
Strong work ethic, self-motivated, agile learner
Knowledge and experience with industry-related software and programs, including but not limited to, Encompass, DU (Desktop underwriter), LP (Loan Prospector), and Microsoft Office Suites
Knowledge and familiarity with fraud detection techniques
Strong organizational, multi-tasking, and prioritizing skills to meet deadlines
Ability to exercise good judgment and effectively problem solve
Ability to work independently with a sense of urgency
Ability to work effectively in a team environment and across all organizational levels; where flexibility, collaboration and adaptability are important
Ability to work in a fast-paced high demand deadline driven environment
Ability to read, analyze and interpret policies, contracts, financial documents and other legal documents as needed

Responsibilities

Complete analysis of loan packages to deliver valid credit decision
Determine if the loan file is eligible for funding according to investor and agency guidelines to which it is contracted
Determine if the loan file is eligible for insuring according to agency guidelines
Perform timely reviews of stipulations/conditions submitted
Review loan package as submitted by Loan Processor and provide loan approval with conditions to close
Collaborate to remove barriers and proactively bring issues to resolution with other members of the lending team
Work with shipping clerk on stipulation related issues and when necessary, assist in selling loans to investors
Keep up with changes in guidelines, legal, and other compliance related issues
Maintain open lines of communication with Loan Officers and Processors
Provide positive customer service to internal customers by effectively explaining credit decisions
Provide training, when appropriate, for Processors and Mortgage Loan Officers
Comprehend, retain and apply information as necessary to perform duties and responsibilities effectively
Additional duties as assigned