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Mortgage Underwriter

Mortgage Underwriter

Job Description

Position Summary :

The residential mortgage underwriter will manage negotiations between corporate issuers of securities and clients regarding private equity investments. Underwrite the issuance of securities to provide capital for client growth. Negotiate and structure the terms of mergers or acquisitions. Maintain monthly performance measurements:  Timeliness, production goals, compliance/regulatory, and customer satisfaction.


Primary Duties & Responsibilities:

* Provide prompt, courteous and excellent service at an acceptable cost to all customers and operate in accordance with the company's Statement of Business Practices, Affirmative Action Diversity and other standards.

* Perform credit and property analysis on conventional loan files submitted within the time frame established by departmental management.

* Adequately and effectively explain in written and verbal form the decision reached in a manner that will maintain a positive relationship with all customers.

* Perform timely reviews of conditions submitted, as well as loan resubmissions. 

* Typically handles higher risk loans.  Analyze challenging loan packages to render sound credit solutions.

*  Provides exemplary customer service to both internal staff and external customer by explaining credit decision and offering alternative options when needed.  

*  Maintain quality and production standards as defined by business.  Perform other job-related duties and special projects as required

Job Requirements

Minimum Qualification Requirements:

* High school diploma and 4 + years experience in underwriting property and credit.  Degree preferred. 

* Experience with and knowledge of property and credit underwriting requirements of FNMA, FHLMC, and private mortgage insurance companies

* Good analytical, problem solving, organizational and communication skills 

*Ability to effectively make decisions in an independent manner and availability as a resource advisor for all staff.

* Excellent oral and written communication skills required

This job description is intended to describe the general nature and level of work being performed by a person assigned to this job. It is not to be construed as an exhaustive list of all job duties that may be performed by a person so classified. Incumbents may be asked to perform additional duties as required by his/her supervisor.

Job Snapshot

Employment Type Full-Time
Job Type Banking
Education Graduate Degree
Experience At least 4 year(s)
Manages Others Not Specified
Relocation No
Industry Mortgage
Required Travel Not Specified
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Mortgage Underwriter

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