Mortgage Underwriter

ServisFirst Bancshares•Birmingham, AL

45d

About The Position

At ServisFirst, Our Name is Our Mission. DUTIES AND RESPONSIBILITIES The Mortgage Underwriter is responsible for the timely and accurate underwriting of all mortgage loan files according to bank and investor guideline and compliance regulations. The incumbent will: Underwrite mortgage loans to ensure compliance with bank and investor guidelines Assess loan attributes and documentation for soundness and accuracy Evaluate debt ratio, loan-to-value ratio, credit score, and appraisal to meet investor guidelines Review and analyze appraisals to ensure loan risk is acceptable to bank and investor guidelines Determine and document loan conditions, requirements, and decisions Evaluate Loan Estimate (LE) for accuracy and compliance with RESPA and TRID Utilize an Automated Underwriting System (AUS) or predetermined guidelines to underwrite loans Stay abreast of Private Mortgage Insurance (PMI) guidelines and order PMI as necessary Maintain knowledge of all applicable underwriting guidelines Review legal and regulatory compliance documents for accuracy Provide strong and clear communication to other mortgage department personnel and borrowers regarding documents needed for mortgage loan files to ensure quick turnaround time Provide guidance to processors regarding procedures and requirements Assist closing/post-closing personnel to ensure loan is purchased by investor Perform administrative duties such as faxing, photocopying, filing and phone support as necessary Responsible for being familiar with all compliance regulations and policies that are applicable to this position and follow and ensure compliance with these regulations and policies Note: Reasonable accommodation may be made to enable otherwise qualified associates/applicants with disabilities to perform the essential functions of the job. Note: Additional duties and responsibilities may be assigned.

Requirements

High school diploma or equivalent; some college preferred
Five (5) years of mortgage lending experience
Three (3) years of mortgage underwriting experience
Previous experience using automated underwriting technology preferred
Basic knowledge of bank operations and products
Basic knowledge of federal and state banking compliance regulations, and other Bank operational policies
Knowledge of federal and state regulations regarding lending and related consumer disclosure requirements
Excellent knowledge of agency and investor guidelines
Effective oral, written and interpersonal communication skills with the ability to carry out instructions, understand procedures and write correspondence
Proficient in Microsoft Outlook, Word and Excel
Excellent customer service and time management skills
Ability to multitask, as shown in previous experience completing tasks under time constraints
Good organizational skills
Good data entry/keyboarding and math skills

Nice To Haves

Previous experience using automated underwriting technology preferred
High school diploma or equivalent; some college preferred

Responsibilities

Underwrite mortgage loans to ensure compliance with bank and investor guidelines
Assess loan attributes and documentation for soundness and accuracy
Evaluate debt ratio, loan-to-value ratio, credit score, and appraisal to meet investor guidelines
Review and analyze appraisals to ensure loan risk is acceptable to bank and investor guidelines
Determine and document loan conditions, requirements, and decisions
Evaluate Loan Estimate (LE) for accuracy and compliance with RESPA and TRID
Utilize an Automated Underwriting System (AUS) or predetermined guidelines to underwrite loans
Stay abreast of Private Mortgage Insurance (PMI) guidelines and order PMI as necessary
Maintain knowledge of all applicable underwriting guidelines
Review legal and regulatory compliance documents for accuracy
Provide strong and clear communication to other mortgage department personnel and borrowers regarding documents needed for mortgage loan files to ensure quick turnaround time
Provide guidance to processors regarding procedures and requirements
Assist closing/post-closing personnel to ensure loan is purchased by investor
Perform administrative duties such as faxing, photocopying, filing and phone support as necessary
Responsible for being familiar with all compliance regulations and policies that are applicable to this position and follow and ensure compliance with these regulations and policies