Underwriter

Genesee Regional Bank•Rochester, NY

19d•Onsite

About The Position

Underwrite residential mortgage loans for sale in the secondary market, as well as portfolio mortgages, home equity loans/lines. This role involves underwriting Conventional mortgage loans pursuant to secondary market guidelines, residential portfolio loans, and home equity loans and lines, providing approvals within stipulated time frames. The underwriter will also be responsible for underwriting FHA, USDA, VA and residential construction loans after a satisfactory transition period. The position requires developing and maintaining an expert knowledge base related to underwriting requirements of correspondent lending partners (investors), and fostering good working relationships with bank loan originators, sales staff, and processors. Responsibilities include updating retail lending policies and operating procedures, assuring proper maintenance of information in Credit and Legal Documentation Files, and ensuring the bank meets compliance requirements for the residential lending business. A strong knowledge base on Bank Policies, Laws and Regulations governing residential mortgage lending is essential. The role involves preparing and issuing commitment letters and providing them to Loan Officers, and actively participating in demonstrating the behaviors outlined in the GRB Experience.

Requirements

Bachelor’s degree, preferably in a business-related discipline plus a minimum of 5 years’ experience underwriting mortgage loans and retail lending credit analysis, or the equivalent combination of education and experience.
Active CHUMS # required (may be obtained after satisfactory training/ transition period).
Expert knowledge with FHA regulations and underwriting guidelines.
Knowledge and experience in the secondary market arena.
Knowledge of Fannie Mae DU, Freddie Mac LP, and GUS.
Demonstrated PC literacy.

Nice To Haves

SAR ID# and SONYMA experience preferred.

Responsibilities

Underwrite Conventional mortgage loans pursuant to secondary market guidelines.
Underwrite residential portfolio loans.
Underwrite home equity loans and lines, providing approvals within stipulated time frames.
Underwrite FHA, USDA, VA and residential construction loans (after satisfactory transition period).
Develop and maintain expert knowledge base related to underwriting requirements of correspondent lending partners (investors).
Develop and maintain good working relationships with bank loan originators, sales staff and processors.
Update retail lending policies and operating procedures when necessary.
Assure proper maintenance of information in Credit and Legal Documentation Files.
Ensure the bank is meeting compliance requirements for the residential lending business.
Maintain strong knowledge base on Bank Policies, Laws and Regulations that govern residential mortgage lending.
Prepare and issue commitment letters and provide to Loan Officers.
Active participation in demonstrating the behaviors outlined in the GRB Experience.