Analysis Skills, Appraisal Review, Communication Skills, Computer Software, Conventional Loans, Detail Oriented, Documentation, Federal Housing Administration (FHA), Federal Laws and Regulations, Freddie Mac (FHLMC), Industry Standards, Liens, Loan Approval, Loan Origination, Loan Underwriting, Loans, Maintain Compliance, Mathematics, Microsoft Office, Mortgage Lending, Multitasking, Presentation/Verbal Skills, Problem Solving Skills, Procedure Development, Production Systems, Real Estate Appraisals, Real Estate Sales, Residential Mortgages, Sales Pipeline, State Laws and Regulations, Team Player, Time Management, Underwriting, United States Department of Agriculture (USDA), Writing Skills
OH0713 NW Bancshares HQ
Job Description
The Sr Direct Endorsement Residential Underwriter is responsible to perform residential loan underwriting activities related to loan request with the goal of achieving the optimal outcome for Northwest and the customer.
Overview
The Sr Direct Endorsement Residential Underwriter is responsible to perform residential loan underwriting activities related to loan request with the goal of achieving the optimal outcome for Northwest and the customer.
Essential Functions
Communicate with customers, realtors, title companies, attorneys, and settlement agents to schedule closings, respond to inquiries, resolve issues, and obtain any documentation required to complete the loan file.
Interact with Mortgage Loan Originators, Loan Production Assistants and other team members on a daily basis to resolve questions/issues, and ensure timely underwriting of loan files.
Manage a pipeline of working loan files to ensure loans are underwritten in a timely manner.
Maintain current knowledge of mortgage loan programs, procedures, and guidelines.
Use Northwest's loan origination systems and agency automated underwriting systems (Freddie Mac - Loan Product Advisor, USDA Guaranteed Underwriting System) to underwrite residential mortgage loans.
Review and analyze documentation submitted and used in underwriting decisions for accuracy and completeness.
Ensure data relating to the underwriting of loans in accurate and complete in the loan origination system.
Review and analyze appraisal reports and title commitments to verify sufficient collateral and proper lien position to secure loans.
Maintain loan approval authority for all residential mortgage loan products offered by Northwest (conventional, portfolio, FHA, VA, USDA).
Checking accuracy of all calculations.
Recommend improvements to procedures.
Manage personal workload/workflow.
Meet turnaround/production goals.
Ensure compliance with Northwest's policies and procedures, and Federal/State regulations.
Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency.
Work as part of a team.
Work with on-site equipment.
Ensure adherence to appropriate investor guidelines and industry standards.
Qualifications
- Bachelors Degree preferred
- 3 - 5 years experience as DE Underwriter preferred
- 5 - 6 years experience underwriting conventional loans, 3 years' experience underwriting VA and USDA Rural Housing Loans preferred
- Working knowledge of residential mortgage loan products
- Working knowledge of Ellie Mae - Encompass loan origination software, Freddie Mac - Loan Product Advisor, USDA - Guaranteed Underwriting System (GUS), FHA Connection preferred
- Strong analytical and mathematical skills with the ability to define and solve problems, establish facts and make well-reasoned decisions
- Excellent verbal and written communication skills with the ability to work closely with other team members is needed
- Proficient organizational and multi-tasking skills with attention to detail, accuracy, and thoroughness a plus
- The ability to work independently in a fast-paced high production environment under time constraints and to work collaboratively in a team environment managing multiple deadlines and priorities preferred
Equal Opportunity Employer
Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.
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Northwest Savings Bank
The right direction can take you places in life.
The right bank can be your compass — especially when you look Northwest to discover a 115-year-old community bank with 167 locations in four states.
A bank where people really do make the difference.
At Northwest Savings Bank, we are local bankers making local decisions, committed to the communities we serve, and dedicated to the satisfaction and success of our friends and neighbors.
Every day, Northwest Savings Bank can take you where you want to go with best in class products and services for you and your business — including checking, Online banking, online bill pay, over 43,000 ATMs, and so much more.
Wherever you’re going in life — a dream home, a college education for the kids, a comfortable retirement, or just a better future — Northwest can take you there.