Senior Underwriter

Genesee Regional Bank•Rochester, NY

7d•Onsite

About The Position

The Senior Underwriter will be responsible for underwriting Conventional and Government (FHA, VA, USDA) residential mortgage loans for sale in the secondary market, as well as Non-QM, GRB Portfolio Loans, Construction loans, and home equity lines and loans. This role requires developing and maintaining expert knowledge of underwriting requirements, building strong relationships with internal and external partners, and ensuring compliance with all regulations. The Senior Underwriter will also mentor junior staff and provide timely review of loan files.

Requirements

Bachelor’s degree or commensurate experience required, preferably in a business-related discipline.
Minimum of 5 years’ experience underwriting secondary market residential mortgage loans.
Minimum of 3 years’ government loan underwriting experience.
Active CHUMS ID# required.
Expert knowledge in a minimum of two of the following: Non-QM, FHA, VA and USDA regulations and underwriting guidelines.
Must be fluent in all three within 12 months in position.
Knowledge and experience with FHA Connection and VA Portal.
Knowledge of Fannie Mae DU, Freddie Mac LP, GUS, FHA Total Scorecard.
Demonstrated PC literacy.
Strong attention to detail and organizational skills.

Nice To Haves

SAR ID # preferred.
SONYMA experience preferred.

Responsibilities

Underwrite Conventional, Non-QM, and Government (including FHA, VA, and USDA) mortgage loans, pursuant to secondary market and investor guidelines.
Underwrite residential portfolio loans, construction draw loans, consumer loans, and home equity lines and loans pursuant to GRB credit guidelines.
Develop and maintain expert knowledge base related to underwriting requirements of FNMA, FHLMC and correspondent lending partners (investors).
Develop and maintain thorough knowledge related to the different grant programs in which GRB participates.
Possess strong working knowledge of the automatic underwriting systems (DU, LP, GUS).
Develop and maintain good working relationships with Sales and other internal mortgage staff, attorneys, realtors, title companies, appraisal firms and other business-related customers.
Assist loan officers and processors with questions related to underwriting policies and loan structuring.
Work with post-closing department on any suspense related items clearing them in a timely manner.
Assist other underwriters as backup when required.
Work as a mentor with other junior staff members.
Develop and maintain knowledge of, and work within, all compliance requirements for residential mortgage lending to include Bank Policies, Laws and Regulations.
Provide review of files in designated timeframes and issue Commitments as required.
Active participation in demonstrating the behaviors outlined in the GRB Experience.
Related Bank assignments or duties as directed by the Residential Underwriting Manager.