Mortgage Underwriter

Farmers State Bank•Lagrange, IN

About The Position

Department: Mortgage Processing Reports to: Director of Mortgage Lending Supervises: None Summary: Responsible for underwriting all loans within guidelines approved by the Bank and FHLBI. Advises MLOs on appropriate structure and compliance guidelines where applicable. Essential Job Functions: Underwriting mortgage loans submitted for in-house and long-term fixed rate mortgage program, (FHLBI) which includes reviewing documentation, analyzing risk and presenting loans for approval. Ensure that adequate documentation is in order prior to clearing loan for closing. Reviewing appraisals and title work when completed. Review/approval of ECOA Counteroffers. Effective and tactful communication with customers, title companies, brokers, builders, appraisers and inspectors, creating and maintaining good public relations in day-to-day contact and the handling of complicated issues. Reviews Partial Release Request and Subordination requests prior to sending Director or Mortgage Lending and/or Chief Lending Officer for approval. Use of Simplifile to create and record approved partial releases Handles all FHLBI balancing and servicing. Completes secondary market report on commissions monthly. Inputting information for the HMDA LAR. Reviewing HMDA LAR for accuracy prior to LAR submission in February. Back up administers Encompass, LenderX, Veri-Tax, and Data Verify Maintaining escrowed insurance and taxes along with any payoffs for the month, and balancing the account Updating of Rate Sheets and uploading to HUB Providing back up for other loan support positions and related duties as assigned. Examples: ordering title work, appraisal, flood, etc. calculating and processing loan payoffs managing exceptions for mortgage recordings and final title policies Physical Demands and Work Environment: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. While performing the essential job functions of this position, the employee is regularly required to sit, stand, talk, hear, walk, use hands and fingers, handle or feel objects, and reach with hands and arms. This position requires regular use of a computer. The employee must be able to travel between branch locations on a regular basis. The noise level in the work environment is usually light to moderate.

Requirements

High School Education or equivalent preferred.
5+ Years loan processing and operations experience.
Customer Service skills, both phone and face to face.
Ability to perform computer entry/navigation, as well as use spreadsheet and word processing programs.
Good knowledge of lending products, procedures, income calculations, title work, appraisals, escrow, interest rate/locks.
Strong analytical skills
Detail oriented, along with ability to work in a fast-paced environment, changing priorities, and deadlines.
Familiar with investor guidelines (FHLBI).

Responsibilities

Underwriting mortgage loans submitted for in-house and long-term fixed rate mortgage program, (FHLBI) which includes reviewing documentation, analyzing risk and presenting loans for approval.
Ensure that adequate documentation is in order prior to clearing loan for closing. Reviewing appraisals and title work when completed.
Review/approval of ECOA Counteroffers.
Effective and tactful communication with customers, title companies, brokers, builders, appraisers and inspectors, creating and maintaining good public relations in day-to-day contact and the handling of complicated issues.
Reviews Partial Release Request and Subordination requests prior to sending Director or Mortgage Lending and/or Chief Lending Officer for approval.
Use of Simplifile to create and record approved partial releases
Handles all FHLBI balancing and servicing.
Completes secondary market report on commissions monthly.
Inputting information for the HMDA LAR.
Reviewing HMDA LAR for accuracy prior to LAR submission in February.
Back up administers Encompass, LenderX, Veri-Tax, and Data Verify
Maintaining escrowed insurance and taxes along with any payoffs for the month, and balancing the account
Updating of Rate Sheets and uploading to HUB
Providing back up for other loan support positions and related duties as assigned.
ordering title work, appraisal, flood, etc.
calculating and processing loan payoffs
managing exceptions for mortgage recordings and final title policies