Mortgage Underwriter

Primis Bank•Wilmington, NC

2d•Hybrid

About The Position

The Mortgage Underwriter is responsible for evaluating and determining the eligibility of loan applications. Responsibilities include analyzing and verifying loan applications, evaluating risks, and making loan eligibility decisions. The Mortgage Underwriter is responsible for exercising sound judgment based on detailed analysis and ensuring all documentation is compliant with the relevant regulations.

Requirements

High School diploma or equivalent required
Minimum of 3 years’ experience in mortgage loan underwriting.
Professional and effective verbal and written communications
Detail-oriented with strong data analysis skills
Strong organizational skills
Ability to work independently with minimal supervision
Proficient with MS Office
Strong problem-solving skills
High mathematical aptitude
Good working knowledge of mortgage loan processing and relevant legal regulations

Nice To Haves

Bachelor’s degree in business, banking, or finance preferred.
Proficient understanding of Encompass and Encompass closing docs.
Experienced with FNMA DU/AUS, FHA, VA, USDA and investor guidelines.

Responsibilities

Authorizing and underwriting loans.
Reviewing and verifying loan applications and supporting documentation.
Analyzing loan risk and requesting additional information as necessary.
Preparing reports on assessment findings.
Making loan eligibility decisions and approving or rejecting applications.
Reviewing and specifying loan conditions as necessary.
Regular, reliable, and predictable attendance.
Comply with industry-related regulations, requirements and state/federal laws as applicable to the job duties of this position.
Documenting and effectively communicating reasons for the approval/rejection of loans.
Returning applications with additional documentation to the loan officer for review.
Ensuring compliance with regulatory standards.
Ensuring compliance with company policies and guidelines.
Maintain compliance with and adhere to all state and federal regulations and Bank policies and procedures, including, but not limited to Bank Secrecy Act, SAR, CTR, FACT ACT, Community Reinvestment Act, EEO, and fair employment practices.
All other duties as assigned.