Senior Mortgage Underwriter

Hancock Whitney•New Orleans, LA

11d

About The Position

The Senior Mortgage Underwriter approves or denies mortgage loan applications, reviews applications for completeness and compliance with requested loan product guidelines, and ensures files comply with regulatory and legal requirements. The role underwrites conventional, FHA, VA, Rural Housing Development, and portfolio loans; evaluates borrower, property, and loan information; assesses risk and loan acceptability; and communicates approval requirements and file status to relevant parties. The position has no supervisory responsibilities.

Requirements

Bachelor's degree and at least 2 years of related experience, or an equivalent combination of education and experience.
FHA DE designation is required.
Ability to travel if required to perform essential job functions.
Ability to work under stress and meet deadlines.
Ability to operate related equipment to perform essential job functions.
Ability to read and interpret documents if required to perform essential job functions.
Ability to lift, move, or carry approximately 10 pounds if required to perform essential job functions, subject to accommodation.

Nice To Haves

6 or more years of experience preferred.
VA LAP designation preferred.

Responsibilities

Underwrite conventional, Federal Housing Authority (FHA), Veterans Affairs (VA), Rural Housing Development (RD), and portfolio loans.
Ensure appraisals meet investor and bank requirements and that value conclusions are reasonable and well supported.
Review employment, income, and asset documentation for accuracy and compliance with investor requirements.
Review credit history and scores to ensure borrower credit meets investor requirements.
Review documents and information for potential fraud or misrepresentation and regulatory compliance.
Evaluate mortgage loan documents to determine whether the buyer, property, and loan conditions meet institutional and government standards.
Evaluate whether loans are acceptable to corporations purchasing real estate loans in secondary mortgage markets.
Approve or reject loan applications or request additional information.
Record loan rejections, identifying applicable investor and institution guidelines and the basis for declining the application.
Determine prospective business terms and risk acceptability.
Set prices for prospective mortgage loan applicants.
Assemble loan-file documents, including acceptance or denial, and return files to the originating mortgage loan office.
Maintain a database on new and existing business.
Manage and use systems to ensure they accurately reflect loan requests and information, including the current loan origination system and investor conduit systems.
Communicate and coordinate approval requirements and file status with originators, processors, closers, Realtors, builders, and other appropriate parties.
Participate in implementing a second-review committee for denied loans.