Sr, Mortgage Loan Underwriter

First Merchants Corporation • Columbus, OH

7d

About The Position

First Merchants Bank is seeking a Sr, Mortgage Loan Underwriter to join our team! This position will analyze, evaluate and approve or decline loan files for credit worthiness and compliance with all applicable guidelines and policies.

Requirements

• High school diploma or equivalent (GED).
• A minimum of fifteen (15) years of experience underwriting conventional, VA, FHA and Indiana Housing loans.

Responsibilities

• Review and validate the calculations submitted by the process.
• Validate income used is calculated correctly.
• Validate income used is acceptable.
• Validate asset value calculations.
• Validate assets are acceptable and properly documented.
• Review and analyze the file set up for compliance with product requirements.
• Validate Automate Underwriting System (AUS) findings match the file information and set up.
• Validate the product is acceptable for investor selected.
• Review files for denial while in processing.
• Analyze the loan file for approval or denial based on applicable guidelines and acceptable lending practices.
• Collaborate with the processor prior to underwriting on loan files with difficult characteristics.
• Correspond with the investor or agency to support/clarify guidelines and appropriate means of compliance.
• Provide feedback and guidance to processors and other underwriters to ensure continual learning.
• Completion of the HMDA related information on all files reviewed.
• Assist with policy changes.
• Train new underwriters.
• Provide support to the sales team as part of the Scenario Desk.
• Assist with audit responses.

Benefits

• Base Pay PLUS Bonuses
• Medical, Dental and Vision Insurance
• 401k
• Health Savings and Flexible Spending Accounts
• Vacation/Sick Time
• Paid Holidays
• Paid Parental Leave
• Tuition Reimbursement
• Additional Benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: High school or GED