What are the responsibilities and job description for the Senior Mortgage Loan Underwriter (25-73) position at The Adam Corporation Group?
Senior Mortgage Loan Underwriter
Location: College Station, TX
Job Summary:
The Senior Mortgage Underwriter is responsible for reviewing all loan origination packages for accuracy and completeness, according to the guidelines established by the Bank, Fannie Mae, FHA, Correspondent Investors, and Federal/State Regulations. The Underwriter has an approved credit authority and makes recommendations on loans exceeding their authority. They advise origination staff on underwriting questions and loan salability, and work with them to achieve closing deadlines.
Job Duties & Responsibilities:
- Underwrite residential mortgage loans in compliance with program guidelines established by American Momentum Bank, Fannie Mae, FHA, and Correspondent Investors. Research specific loan characteristics/requirements and advise staff on qualifying credit criteria.
- Review and verify loan applications and supporting documentation, in compliance with program guidelines established by American Momentum Bank, Fannie Mae, FHA, and Correspondent Investors.
- Analyze loan risk and request additional information as necessary.
- Research specific loan characteristics/requirements and advise staff on qualifying credit criteria.
- Make loan eligibility decisions, approving or rejecting applications.
- Review and clear loan conditions, in preparation for loan closing.
- Ensure compliance with regulatory standards, bank policy and program guidelines.
- Document and effectively communicate reasons for the approval/rejection of loans.
- Serve as resource to origination staff on eligibility questions and loan structuring.
Key Qualifications:
- Mortgage Loan Underwriting experience - 7 years.
- Mortgage Loan Processing, Closing, or Origination experience preferred – 3 years.
- Extensive knowledge of Fannie Mae Guidelines and AUS.
- FHA Direct Endorsement Certified
- Strong background in regulatory compliance.
- High School Diploma or equivalent.
- Bachelor’s Degree in Business, Business Administration, Finance, or related field preferred.
- High mathematical aptitude
- Proficiency with Microsoft Office products, loan origination software and Desktop Underwriter AUS.
- Excellent verbal and written communication skills, analytical and problem solving skills.