Mortgage Underwriter

CHICKASAW COMMUNITY BANK•Oklahoma City, OK

1d•Onsite

About The Position

The Underwriter’s primary responsibility is to review and analyze applications for residential mortgage loans based on program guidelines. The Underwriter is also responsible for reviewing third party reports such as credit reports and appraisals, reviewing and calculating income, reviewing asset documentation, and following up on outstanding loan conditions, clearing files to close and ensuring compliance with all applicable lending regulations. STATEMENT OF EXPECTATIONS Chickasaw Community Bank (CCB) expects all employees to comply with the responsibilities of their assigned position to the highest degree of performance. Expectations include but are not limited to: Adhere to the bank’s policies and support management decisions and goals in a positive, professional manner Represent CCB with a high level of integrity and professionalism Maintain knowledge and understanding of banking rules, regulations, laws, and all policies and procedures Knowledge of applicable bank software, programs, and procedures Demonstrate a willingness to adapt to changing business needs and deadlines Possess a work ethic that includes neatness and punctuality Exhibit a professional, business-like appearance, and demeanor Answer all voicemails and emails within 24 hours of receipt Confer with management concerning questions, procedures, necessary information, forms completion, and problem resolutions Complete and attend all required CCB training Maintain satisfactory attendance

Requirements

Expert-level knowledge of conventional and government loan underwriting and selling guidelines
Good written and oral communication skills; ability to communicate effectively and project a professional image when giving and taking information in writing, in person and over the phone.
Basic word processing and computer database skills.
Effective interpersonal skills with the ability to work with individuals and groups at all organization levels; ability to work independently and as part of a team.
Ability to take initiative and prioritize tasks; good time-management, organizational, problem-prevention and problem-solving skills.
Knowledge and understanding of banking rules, regulations, laws and all policies and procedures pertaining to them including but not limited to the Bank Secrecy Act.
Ability to work accurately with close attention to detail.
Ability to maintain confidentiality of sensitive information.
Ability to study and apply new information.
High school diploma or equivalent
Minimum of 3 year’s recent mortgage underwriting loan experience
FHA DE designation required

Nice To Haves

Encompass experience highly desired

Responsibilities

Review all items and conditions provided by borrowers and ensure the required guidelines are met by utilizing internal and external policies and procedures
Reviews applicants and all pertinent disclosures to ensure compliance with all Federal, State and investor requirements are met and upheld
Monitor property appraisal process to ensure the value of a property is accurately presented
Analyze documentation such as credit, income, assets and appraisals to make sound underwriting decisions based on this analysis by using an internal checklist
Analyze loan applications to identify risk issues and/or potential misrepresentation
Review documentation and ensure documents are properly classified and organized
Make quality underwriting decisions while maintaining turn-time expectations
Review and clear conditions on all loans to ensure a complete loan package prior to closing
Rework loans to new terms and identify additional conditions as needed
Acts as a subject matter expert within the bank and partners with management on underwriting-related issues by providing analytical support and counseling advice as it pertains to mortgage underwriting
Rework loans to new terms and identify additional conditions as needed
Perform other duties as assigned