Senior Mortgage Underwriter

Bank OZK•Little Rock, AR

About The Position

Founded on a legacy of more than 120 years in banking, Bank OZK is nationally recognized as an industry leader in financial services, combining exceptional service with innovative technologies to deliver smart solutions to clients across the country. The bank invests in small businesses, fuels local economies, and impacts city skylines. This role is seen as fostering a career rather than just filling a position. The Senior Mortgage Underwriter is responsible for supporting the lending efforts of Residential Mortgage by detailed underwriting of new and renewed loans, including conventional, FHA, VA, and USDA loans. The role also involves providing recommendations to the residential mortgage loan production support staff.

Requirements

Skill in using computer and Microsoft Office, including Word, Excel, and Outlook.
Knowledge of general financial and banking principles.
Comprehensive knowledge of bank regulations related to, the Bank Secrecy Act, the Anti-Money Laundering Act, and the USA PATRIOT Act.
Ability to communicate with professional maturity regarding complicated issues and opportunities with sales and processing staff.
Ability to communicate effective both verbally and in writing.
Ability to work effectively and professionally with staff and management at all levels of the organization.
Ability to demonstrate effective customer service skills.
Ability to demonstrate strong credit skills.
Ability to prioritize work and manage time effectively.
Ability to maintain confidentiality.
Ability to demonstrate attention to detail, accuracy, and thoroughness in work product.
Ability to maintain focus and concentration in a fast-paced environment.
High school diploma or equivalent, required
Minimum of one (1) year of experience with Microsoft Office products, including Microsoft Word and Excel, required.
Minimum of five (5) years of experience in mortgage underwriting, required.

Nice To Haves

Bachelor’s degree, preferred.

Responsibilities

Underwrites Residential Mortgage loan requests in a manner of consistency and in accordance with the Bank’s credit policies, procedures, and standards.
Provides recommendation based on the collection, analysis, and interpretation of (i) the proposed borrower’s income, assets, liabilities, (ii) relevant demographic, supply and demand data, and (iii) financial statements and tax returns for Borrowers and Guarantors.
Analyzes appraisals and provides evaluations to management to include (i) property eligibility as it relates to each loan program, (ii) current market conditions relating to supply and demand for the property, and (iii) analysis and evaluation of the validity of each comparable sale to ensure the market value of the subject property is accurate.
Consults with and advises loan personnel throughout the process, from origination to closing, relative to underwriting conditions or issues as they may relate to a fundable loan.
Prepares an informal loan write-up with conditions to be met prior to approval, closing, and funding each loan, and clearing each condition as the documentation is provided by the origination staff.
Maintains the independence of the underwriting function and the recommendation of the initial credit risk rating.
Maintains good punctuality and attendance to work.
Follows Bank policy, procedures, and guidelines.