What are the responsibilities and job description for the Mortgage Underwriter position at Gateway First Bank?
You already know what bad underwriting looks like. Thin files, missing COCs, originators who ghost you, queues that never drain, and decisions made by people who've never originated nor underwritten a mortgage transaction.
This isn't that.
Gateway Mortgage, a division of Gateway First Bank (NMLS #7233), is hiring an experienced Mortgage Underwriter. We're looking for someone who wants to do the work well, with a team that respects credit judgment and a tech stack that doesn't fight you.
If you're DE or SAR certified, live in the agency guides, and want to underwrite for a Fannie Mae, Freddie Mac, FHA, VA, USDA, and Portfolio seller/servicer that takes compliance and quality seriously, then this is the place for you!
Mortgage Underwriter JOB SUMMARY:
Responsible for underwriting designated residential loans by analyzing credit data to ensure compliance with investor and company guidelines and requirements.
ESSENTIAL FUNCTIONS (RESPONSIBILITIES):
* Analyzes loan documentation for accuracy and completeness to assess credit worthiness and adherence to regulatory and compliance requirements.
* Verifies the income and employment information of loan applicants, reviews the applicant credit history, and scores, and examines asset accounts for available funds for mortgage transactions.
* Analyzes loan documentation to determine credit worthiness and to detect signs of possible mortgage fraud or money laundering.
* Works with loan originators and production staff to compile required credit documentation.
* Reviews secondary resubmissions of credit documentation provided and prepare the necessary forms and worksheets to issue credit approval.
* Communicates credit decisions and answer loan amount questions to address issues on outstanding items required for credit approval.
* Exercises awareness with regard to possible suspicious activity, money laundering or fraudulent behavior and reports any such incidents to the BSA department. Performs all job functions in compliance with all company policies and federal, state, and local laws and regulations as applicable to the position, including, but not limited to BSA/AML, OFAC and GLBA/privacy rules.
* Performs related responsibilities as required or assigned.
Qualifications:
Mortgage Underwriter REQUIRED QUALIFICATIONS:
Knowledge/Skills/Abilities
* Advanced knowledge of mortgage underwriting policies, procedures, and processes.
* Advanced knowledge of agency and investor underwriting requirements.
* Solid analytical and conceptual skills, especially as required in analyzing credit data, file integrity, and loan file data.
* Proven oral and written communication skills to relate loan information to loan originators and service providers in a friendly, articulate and well understood manner.
* Proficient in Word, Excel, and Outlook.
* Proficient in loan origination software.
* Attention to detail and ability to analyze loan file data.
* Exemplifies the Gateway Values: Growth Oriented, Make a Difference, "Get it Done" Attitude, Team Player, Do the Right Thing.
* Advanced knowledge of mortgage underwriting policies, procedures, and processes.
* Advanced knowledge of agency and investor underwriting requirements.
* Solid analytical and conceptual skills, especially as required in analyzing credit data, file integrity, and loan file data.
* Proven oral and written communication skills to relate loan information to loan originators and service providers in a friendly, articulate and well understood manner.
* Proficient in Word, Excel, and Outlook.
* Proficient in loan origination software.
* Attention to detail and ability to analyze loan file data.
* Exemplifies the Gateway Values: Growth Oriented, Make a Difference, "Get it Done" Attitude, Team Player, Do the Right Thing.
Equivalent Education/Experience
* Bachelor's degree in finance, business or a related field or equivalent years of experience.
* 5 years of mortgage underwriting experience in mortgage industry including conventional, FHA, VA, RD.
* Prefer DE and/or SAR certified.
* Prefer related experience in financial services industry.
* Bachelor's degree in finance, business or a related field or equivalent years of experience.
* 5 years of mortgage underwriting experience in mortgage industry including conventional, FHA, VA, RD.
* Prefer DE and/or SAR certified.
* Prefer related experience in financial services industry.
Mortgage Underwriter SPECIAL JOB DIMENSIONS:
Work requires conformance to fast-paced, high-volume environment while practicing sound lending judgment, occasional overtime, and limited travel.
NOTE: The essential job functions and associated qualifications contained in this document describe the general nature and level of the work performed. They are not intended to represent an exhaustive listing or be inclusive of all aspects of the job. The tasks and procedures involved in the performance of the essential job functions may vary from day-to-day. Major changes in areas of responsibility may occur, as directed by management, and will require revision of this job description.