Senior Mortgage Underwriting Officer - RJ Bank

Raymond James•Remote - Florida, FL

2d•Remote

About The Position

Under limited supervision, uses extensive knowledge and skills obtained through formal education and/or work-related experience to act as the lead underwriter of residential and consumer lending applications. Ensures excellent customer service is provided, profitable loans are originated and all standard underwriting guidelines are met. This position requires analysis of complex situations or problems of which there are usually several alternative approaches. The position also requires the ability to devise methods, use independent judgment and make relatively complex decisions, generally within established policy of a supervisory or technical nature. Works under minimal supervision, and is accountable for the quality and reliability of work performed. Serves as an initial referral point for other underwriters.

Requirements

Knowledge of: FNMA and FHLMC underwriting guidelines, national multi-state federal and state lending laws, and portfolio residential lending.
FNMA Desktop Underwriting.
Data Analysis.
Critical thinking, problem solving, creativity.
Organizational skills, including a high level of accuracy and attention to detail.
Effective oral and written communications sufficient to convey details on various mortgage loan products and processes.
Word processing, spreadsheet and typing sufficient to produce spreadsheets with basic formulas and business form letters and memos.
Operating standard office equipment and using required software applications.
Conduct analysis including basic math, competency with decimals and fractions.
Research and analyze financial statements, complex tax return analysis, interprets findings and prepares reports of financial position and credit worthiness.

Responsibilities

Underwrites credit package and makes loan decisions for residential and consumer lending applications up to the loan amount authority established by the Board of Directors.
Underwrites credit package and prepares recommendation for presentation to Loan Committee, ensuring compliance with Raymond James Bank, State, Federal and if applicable, agency and investor guidelines.
Reviews and analyzes real estate appraisals for acceptance in connection with residential loan transactions.
Maintains knowledge of Raymond James Bank loan programs, as well as secondary market investors’ underwriting/documentation requirements.
Interacts professionally with clients, associates and Financial Advisors to provide professional customer service upholding the Service 1st philosophy.
Obtains, prepares, and reviews documents for origination and processing phases of residential loans.
Coordinates the approval of underwriting conditions. Reviews the file prior to closing.
Analyzes tax returns and financial statements, as well as reviews Title Commitments.
Exercises independent judgment allowing for minimal supervision of work functions while working directly with Lending Manager(s).
Communicates with correspondent lenders regarding guideline exceptions.
Interacts with Mortgage Insurance company liaisons to approve high loan-to-value loans.
May interact with Lending Manager(s) on due diligence with files purchased on the secondary market.
Makes decisions and recommendations regarding efficiency, budgets or other cost or earning matters.
Reviews and analyzes procedures surrounding more efficient and cost effective ways of handling workflow.
Determines appropriate process improvements, then implements and communicates such changes to management. Also communicates department issues to management.
Initiates policies as dictated by management
Annually monitors the financial position of large dollar established accounts, and brings irregularities to the attention of management.
Performs or supervises activities requiring knowledge of technical, specialized or professional skills.
Provides information and assistance to loan applicants, as well as interacts with CPA’s, Financial Advisors and other parties to complete the transaction when necessary
Perform day-to-day monitoring of underwriting department workflow to ensure the expectations of customers, sales, support staff and vendors are met.
Assists with onboarding of new associates, and provides coaching, mentoring, and personal leadership to team members.
Keeps management apprised of personnel, workflow and special project developments. Communicates and coordinates changes in policy and procedures that affect other departments.
Performs other duties and responsibilities as assigned.