What are the responsibilities and job description for the Mortgage Underwriter position at LCNB National Bank?
Position Description
Mortgage Underwriter
Identifying Information: LCNB National Bank
- Department: Credit – Mortgage Lending
- Reports To: Josh Hutt, VP of Commercial Credit Analysis
- Status: Full-time Hourly Non-Exempt
- Location: LCNB Operations Center, Lebanon, OH
- Hours: Monday – Friday 8:00am – 5:00pm
Position Purpose:
LCNB National Bank is seeking a Mortgage Underwriter within our Credit Mortgage Lending Department. This position is responsible for the daily tasks involved in reviewing residential FHA/VA/USDA/Conventional loan packages to deliver valid credit decisions according to investor and agency guidelines for specific loan programs. This ideal candidate will evaluate credit worthiness and borrowers’ ability to qualify for a mortgage loan in the amount requested with the collateral desired based on investor and agency standards.
Essential Functions and Responsibilities:
- Complete analysis of loan packages to deliver valid credit decision
- Determine if the loan file is eligible for funding according to investor and agency guidelines to which it is contracted
- Determine if the loan file is eligible for insuring according to agency guidelines
- Perform timely reviews of stipulations/conditions submitted
- Review loan package as submitted by Loan Processor and provide loan approval with conditions to close
- Collaborate to remove barriers and proactively bring issues to resolution with other members of the lending team
- Work with shipping clerk on stipulation related issues and when necessary, assist in selling loans to investors
- Keep up with changes in guidelines, legal, and other compliance related issues
- Maintain open lines of communication with Loan Officers and Processors
- Provide positive customer service to internal customers by effectively explaining credit decisions
- Provide training, when appropriate, for Processors and Mortgage Loan Officers
- Comprehend, retain and apply information as necessary to perform duties and responsibilities effectively
- Additional duties as assigned
Required Competencies/Skills:
- 5 years of experience underwriting FHA, VA, and Conventional Loans
- Direct Endorsement from HUD, Lender Appraisal Processing Program LAPP approval, as well as full VA LAPP authority
- Bachelor’s or equivalent experience
Desired Competencies/Skills:
- Knowledge of retail lending concepts and principles, experience with personal financial and tax return analysis
- Ability to accurately analyze financial data with high attention to detail
- Ability to examine loan documentation for accuracy and completeness
- Ability to read and interpret various investor and agency requirements and relate requirements to loan being underwritten
- Ability to work effectively with loan originators and production staff to acquire all required documentation
- Strong credit, risk analysis, and analytical skills
- Excellent and effective oral and written communication skills with internal and external customers
- Ability to understand the perspective of others before making decisions that will affect others
- Ability to design and implement efficient and effective processes
- Strong work ethic, self-motivated, agile learner
- Knowledge and experience with industry-related software and programs, including but not limited to, Encompass, DU (Desktop underwriter), LP (Loan Prospector), and Microsoft Office Suites
- Knowledge and familiarity with fraud detection techniques
- Strong organizational, multi-tasking, and prioritizing skills to meet deadlines
- Ability to exercise good judgment and effectively problem solve
- Ability to work independently with a sense of urgency
- Ability to work effectively in a team environment and across all organizational levels; where flexibility, collaboration and adaptability are important
- Ability to work in a fast-paced high demand deadline driven environment
- Ability to read, analyze and interpret policies, contracts, financial documents and other legal documents as needed
Working Conditions:
- Willingness to work on-site at stated location on the job opening, position may offer a hybrid work schedule
- Ability to remain in a stationary position up to 75% of the time
- Ability to lift and carry up to 10 lbs.
- Occasionally move/traverse to access files and equipment
- Constantly operates a computer and other office equipment
Compliance Statement:
The associate is responsible for meeting all compliance requirements imposed on LCNB National Bank by State and Federal law and regulations, as well as all related LCNB National Bank policies and procedures. Incumbent must be able to perform the essential functions of the position with or without reasonable accommodation. Equal Opportunity Employer/Disability/Veterans.