Mortgage Underwriter

The Underwriter’s primary responsibility is to review and analyze applications for residential mortgage loans based on program guidelines.  The Underwriter is also responsible for reviewing third party reports such as credit reports and appraisals, reviewing and calculating income, reviewing asset documentation, and following up on outstanding loan conditions, clearing files to close and ensuring compliance with all applicable lending regulations.

STATEMENT OF EXPECTATIONS

Chickasaw Community Bank (CCB) expects all employees to comply with the responsibilities of their assigned position to the highest degree of performance.  Expectations include but are not limited to:

• Adhere to the bank’s policies and support management decisions and goals in a positive, professional manner
• Represent CCB with a high level of integrity and professionalism
• Maintain knowledge and understanding of banking rules, regulations, laws, and all policies and procedures
• Knowledge of applicable bank software, programs, and procedures
• Demonstrate a willingness to adapt to changing business needs and deadlines
• Possess a work ethic that includes neatness and punctuality
• Exhibit a professional, business-like appearance, and demeanor
• Answer all voicemails and emails within 24 hours of receipt
• Confer with management concerning questions, procedures, necessary information, forms completion, and problem resolutions
• Complete and attend all required CCB training
• Maintain satisfactory attendance

ESSENTIAL FUNCTIONS

• Review all items and conditions provided by borrowers and ensure the required guidelines are met by utilizing internal and external policies and procedures
• Reviews applicants and all pertinent disclosures to ensure compliance with all Federal, State and investor requirements are met and upheld
• Monitor property appraisal process to ensure the value of a property is accurately presented
• Analyze documentation such as credit, income, assets and appraisals to make sound underwriting decisions based on this analysis by using an internal checklist
• Analyze loan applications to identify risk issues and/or potential misrepresentation
• Review documentation and ensure documents are properly classified and organized
• Make quality underwriting decisions while maintaining turn-time expectations
• Review and clear conditions on all loans to ensure a complete loan package prior to closing
• Rework loans to new terms and identify additional conditions as needed
• Acts as a subject matter expert within the bank and partners with management on underwriting-related issues by providing analytical support and counseling advice as it pertains to mortgage underwriting

ADDITIONAL RESPONSIBILITIES

• Rework loans to new terms and identify additional conditions as needed
• Perform other duties as assigned

ENVIRONMENT AND INTERACTION

       Location: Corporate Office 

        Normal office environment.

• Reports To:  Vice President/Mortgage Operations Manager

PHYSICAL ACTIVITIES REQUIRED TO PERFORM ESSENTIAL FUNCTIONS

This work is sedentary and requires the following physical activities:

• Sitting for long periods of time; occasional bending, squatting, kneeling, stooping; good finger dexterity and feeling; frequent repetitive motions; talking, hearing, and visual acuity.
• Frequent lifting (up to 10 pounds of paper supplies or minor office equipment).

PROFICIENCIES

• Expert-level knowledge of conventional and government loan underwriting and selling guidelines
• Good written and oral communication skills; ability to communicate effectively and project a professional image when giving and taking information in writing, in person and over the phone.
• Basic word processing and computer database skills.
• Effective interpersonal skills with the ability to work with individuals and groups at all organization levels; ability to work independently and as part of a team.
• Ability to take initiative and prioritize tasks; good time-management, organizational, problem-prevention and problem-solving skills.
• Knowledge and understanding of banking rules, regulations, laws and all policies and procedures pertaining to them including but not limited to the Bank Secrecy Act.
• Ability to work accurately with close attention to detail.
• Ability to maintain confidentiality of sensitive information.
• Ability to study and apply new information.

EDUCATION AND EXPERIENCE

• High school diploma or equivalent

• Minimum of 3 year’s recent mortgage underwriting loan experience

• Encompass experience highly desired

• FHA DE designation required