Underwriter III

The Underwriter III is responsible for responding to internal and external customers on questions regarding loans underwritten by the company. This position will underwrite loans in a timely manner for completeness and compliance with company guidelines, polices, and procedures. This position will also provide training, guidance, and support for all team members

If yes, list what positions report into the role. Examples below.

• N/A

List of required duties below. Distinguish on-site duties with an *. Examples below.

• Review, analyze and make final determination on loan submissions using manual underwriting guidelines as well as validating recommendations.
• Underwrite loans as determined by lending authority set by management.
• Work with Lending Teams to identify potential solutions/alternatives for difficult/denied loan files.
• Communicate with internal and external clients on inquiries on loans underwritten by Vendors.
• Research and respond to team lead on loans requiring additional escalation and review and ability to summarize issues, concerns, and recommendations.
• Proactively addresses underwriting submission deficiencies.
• Provide back-up support to Team Leader as necessary to ensure efficient operations and smooth and timely flow of work.
• Review and maintain guidelines to stay up to date with all requirements.
• Maintain department resource library to maintain reference material.
• Review of audit files for Quality/Funding issues to determine compliance and acceptance of loan.
• Assist in correction of delivery violations and government ensuring deficiencies on specific files as required.
• Analyze Trust agreements as needed.
• Participate in the orientation of new personnel to ensure consistency.
• Provide technical support for systems as necessary.
• Performs related duties as assigned by supervisor.

*These essential functions are fundamental to the role, and must be performed on-site, as they cannot physically be performed remotely. In addition, the Company has determined that an in-person presence is important to critical components of our work, including oversight, training, collaboration, and productivity. Items not marked (*) as essential on-site, may still require partial on-site work to perform the role satisfactorily.

Required education and experience. Examples below.

• High School Diploma or equivalent required; 4-year college degree preferred.
• Minimum of three- five (3-5) years underwriting experience with conforming and non-conforming loans required.
• Minimum six (6) years of mortgage banking required, including Jumbo Loans and/or Government Products.

Required knowledge, skills, and ability. Examples below.

• FHA and/or VA Designations Required
• Ability to differentiate between first and second mortgage underwriting.
• Ability to handle secure and private information.
• Technical experience necessary: Windows, Excel, Word, PowerPoint, Underwriting software and systems.
• Ability to stay current with the business environment within third party lending.
• Excellent customer service skills and analytical skills.
• Excellent verbal and written communication skills.
• Ability to work independently and adapt to a constantly changing environment.
• Ability to be a creative and innovative problem solver.