Mortgage Loan Underwriter Job at First Community Corporation, Lexington, SC

RXBGaW9WWXVYMlhlSWszTlpNTFFCbUZsZHc9PQ==
  • First Community Corporation
  • Lexington, SC

Job Description

Responsible for underwriting and evaluating residential mortgage loan applications originated by the bank’s Mortgage Lenders.  Responsible for recommending loan approval of applications. Familiarity and experience with government and conventional loans.  

Essential Duties and Responsibilities

  • Analyzes personal/business tax returns and financial statements in mortgage loan applications for underwriting. Review and evaluate loan documents to ensure accuracy, completeness, and compliance with bank standards, federal and agency standards and guidelines, as well as any applicable state-specific and or local regulations, ordinances, etc.
  • Analyze customer’s loan to value ratio, credit report, application, income and assets, source(s) of down payment funds, and supporting documentation to identify potential fraud or misrepresentation.
  • Evaluates loan risk and makes underwriting decisions on mortgage loan applications following bank policies and procedures, security guidelines, and complying with all federal, state and local regulations
  • Applies underwriting guidelines with the Bank’s investors and programs
  • Conduct credit review to ensure that granted loan approval is within Bank and Investor guidelines
  • Makes underwriting decision on each mortgage loan and recommends approval or denial
  • Must be able to work overtime as business needs require
  • Each loan will be sent through the automated underwriting system for approval
  • Assists Credit Admin with “portfolio approvals and exceptions”
  • Works closely with Processing and Closing to meet service levels
  • Minimize the number mortgage loans that cannot be sold into the secondary market and loans that require repurchase by paying close attention to all details of the underwriting process, regardless of which investor is anticipated to purchase the respective loan. (Goal is zero.)
  • Once “lending authority” is granted, approve mortgage loans within authority limits
Qualifications
  • Bachelor’s degree in finance or accounting, or minimum of 5 years of recent mortgage underwriting experience, or an equivalent combination of education and experience.
  • FHA DE and VA SAR designation required.
  • Knowledge of HMDA reporting requirements related to Underwriting
  • Knowledge and experience with all regulations and policies to ensure compliance
  • Experience with USDA, Bond, DPA, multi-state, complex tax returns.
  • Ability to underwrite and properly package a loan.
  • Effective oral and written communication skills.
  • Superior analytical thinking and mathematical skills.
  • Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
  • Proficiency in using personal computers and office products (e.g., Word, Excel).
  • Excellent customer service and interpersonal skills.
  • Ability to work independently.
  • Self-starter who is goal- and results-oriented.
  • Ability to multi-task using effective time management skills.
  • Ability to work in a team environment.
  • Systems experience, including with Encompass, preferred
  • Must be able to work overtime as business needs require
  • Familiarity with State Housing loans, preferred. 

Apply Now

Job Tags

Work at office, Local area,

Similar Jobs

University of Maryland Medical System

Medical Oncology Nurse Coordinator/Nurse Navigator Job at University of Maryland Medical System

 ...the Inner Harbor and Camden Yards, you wont find a more vibrant place to work!This role is considered the minimum role for all nurses at UMMC who have greater than 12 months experience. This nurse will be competent in the skills/knowledge required and fully participate... 

PhillyTech.Co

CTO | Exciting High Growth LegalTech | $300K-$330K + Hybrid + Equity Job at PhillyTech.Co

This is a hybrid role in the San Francisco Bay Area in Emeryville, with 2-3 days in the office. This role calls for a highly articulate CTO who is comfortable representing our client: Speaking on stage and serving as a public ambassador for the company, their technology...

Fred Meyer

Coffee Kiosk Barista Job at Fred Meyer

Coffee Kiosk Barista Location Sumner, WA : Company Name: Fred Meyer Position Type: Employee FLSA Status: Non-exempt Minimum Pay Range: 15.99 Maximum Pay Range: 22.15 Position Summary: Exceed service standards by providing customers with prompt, quality coffee... 

MIT Lincoln Laboratory

Integrated Cyber Exploitation Researcher (Fort Meade, MD) Job at MIT Lincoln Laboratory

 ...performs software and hardware reverse engineering, vulnerability research and discovery, and system exploitation. We develop and...  ...education/training, internal equity considerations and applicable legal requirements. This range reflects base salary only and does not... 

speechify

Senior Product Designer - Geneva, Switzerland Job at speechify

Mission The mission of Speechify is to make sure that reading is never a barrier to learning. Over 50 million people use Speechifys text-to-speech products to turn whatever theyre reading PDFs, books, Google Docs, news articles, websites into audio, so they...