What are the responsibilities and job description for the Retail Loan Underwriter II position at F&M Bank?
Description
POSITION SUMMARY:
At F&M, our Retail Loan Underwriter II’s do more than underwriter loan files; they establish and nurture lasting relationships with our valued customers. We are industry leaders because people trust us to handle their loan underwriting with the utmost care and attention to detail. To continue this tradition of superior service and accountability, we’re looking for a qualified loan underwriter to join our team. Our ideal candidate will have experience with banking loan processes and customer service. First and foremost, you must be trustworthy and precise. Your contribution will reinforce our reputation as a trusted bank in the community and the country.
OBJECTIVES OF THIS ROLE:
- Responsible for reviewing mortgage and consumer loan applications to determine the loan qualification and documentation for accuracy of the loan application. Ensures proper delivery of loans to secondary market.
- Meet and exceed bank service standards while complying with bank procedures and security protocols.
- Help our employees realize their best lives.
RESPONSIBILITIES:
- Utilize sales training skills to provide outstanding customer service.
- Exercise sound judgement in underwriting residential mortgage and consumer loan files for compliance to loan policy.
- Review the loan documentation for accuracy to the loan application and preapprovals. Documenting loan file listing conditions for loan file approval.
- Answering underwriting questions for all bank employees
- Backup residential mortgage appraisal reviews and valuations.
- Complete secondary reviews on denied, withdrawn, and incomplete loan applications on residential mortgages.
- Welcome Home Program management and training.
- Analyze for eligibility and code portfolio loans to pledge to Federal Home Loan Bank.
- Check the VIN of all collateral taken against the State’s website to verify accuracy of same.
- Review and process TMS transactions on approved dealer loans.
- Complete the underwriting portion of the consumer loan checklist.
- Prepare extension forms, modification forms, and overdraft protection loan forms as necessary.
- Perform 2nd lender review of declined loans.
- Maintain strict confidentiality regarding customer’s personal and financial information.
- Attend meetings and training sessions as requested.
- Comply and satisfactorily pass tests for bank policy and regulatory compliance that apply to position.
Requirements
QUALIFICATIONS:
- Bachelor's degree (B. A.) from four-year college or university; and two to three years related experience and/or training; or equivalent combination of education and experience. Is knowledgeable about the FMAC and other secondary investors’ underwriting requirements, working with tax returns and verification of employment, the lien process including reading the title process and reading a credit report.
- Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts of basic algebra and geometry.
- Excellent communication, customer service, precise work and time-management skills
- Ability to pass a background check
- Strong dedication to accuracy and efficiency
ADDITIONAL REQUIREMENTS: Certificates and Licenses
- Valid Driver’s License
Physical Demands The physical demands and work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
** This position is scheduled to work Monday – Friday, generally with a day off and / or occasional extended hours as needed to accommodate the flow of business.
Non-Exempt/Hourly Competencies:
- Job Knowledge: Understands duties and responsibilities, possesses necessary job knowledge and technical skills, maintains job knowledge current.
- Productivity: Manages a fair workload, volunteers for additional work, prioritizes tasks, develops good work procedures, manages time well, and handles information flow.
- Attendance: Employee is expected to adhere to the attendance and break policy and communicate with your supervisor about anticipated time off or modifications to break times.