Underwriter

F&M Bank•Harrisonburg, VA

About The Position

Summary: Responsible for underwriting residential mortgage loans (Conventional, FHA, VHDA, USDA) to determine borrower eligibility in accordance with secondary market, government, and internal lending guidelines. Performs both manual and automated underwriting to ensure accurate, compliant, and timely loan decisions. Essential Duties: Review and analyze mortgage loan applications along with supporting financial documentation. Verify borrower income, assets, employment, and credit history for accuracy and completeness. Assess borrower’s ability to repay based on financial data and risk factors. Evaluate property appraisals to ensure adequate collateral and compliance with lending standards. Make underwriting decisions, including loan approval, suspension, or denial, based on established guidelines. Ensure compliance with all federal, state, and investor regulations (FHA, VA, Conventional, USDA). Maintain accurate and complete loan documentation throughout the underwriting process. Communicate loan decisions, conditions, and requirements clearly to loan officers and stakeholders. Perform detailed validation of loan documents, including tax returns, bank statements, pay stubs, and employment history. Collaborate with loan officers, processors, and closing teams to resolve discrepancies and clear conditions. Provide guidance and support on complex or technical underwriting scenarios. Supervisory Responsibilities: This position has no supervisory responsibilities. Other Duties: This job description is not designed to be an exhaustive list of duties. Duties, responsibilities, and activities may change at any time with or without notice. Bank wide Expectations: Stays current, maintains knowledge of, and complies with all F & M products and services and policies and procedures. Maintains organized files and a neat and orderly work area and secures all negotiable and/or confidential records. Protects the bank's and customers' information; knowledge of customers and their relationship with the Bank must be kept in absolute confidence. Displays a positive, cooperative spirit; professionalism; and a responsible attitude to staff and customers always. Leads by example while being a team player. Participates in Bank-sponsored and other community/civic events as schedule allows. Represents F & M Bank professionally and courteously while in contact with the public, either in person or by telephone. Pursues personal development opportunities to improve knowledge as it relates to the position, compliance, and the bank in general.

Requirements

Strong analytical and mathematical skills
Excellent attention to detail
Proficiency in mortgage lending software and Microsoft Office
Familiarity with lending regulations and guidelines
High School Diploma or GED with a minimum of five years’ experience in loan processing and/or two years’ experience in loan underwriting
Current driver’s license

Nice To Haves

FHA DE Approval desired

Responsibilities

Review and analyze mortgage loan applications along with supporting financial documentation.
Verify borrower income, assets, employment, and credit history for accuracy and completeness.
Assess borrower’s ability to repay based on financial data and risk factors.
Evaluate property appraisals to ensure adequate collateral and compliance with lending standards.
Make underwriting decisions, including loan approval, suspension, or denial, based on established guidelines.
Ensure compliance with all federal, state, and investor regulations (FHA, VA, Conventional, USDA).
Maintain accurate and complete loan documentation throughout the underwriting process.
Communicate loan decisions, conditions, and requirements clearly to loan officers and stakeholders.
Perform detailed validation of loan documents, including tax returns, bank statements, pay stubs, and employment history.
Collaborate with loan officers, processors, and closing teams to resolve discrepancies and clear conditions.
Provide guidance and support on complex or technical underwriting scenarios.