Underwriter III - Remote/WFH
POSITION PURPOSE AND OBJECTIVES:
The Underwriter III is responsible for complete analysis of loan packages to deliver valid credit decision and ensure the loan file is eligible for funding according to bank, investor and agency guidelines. Additionally, this position has exception authority provided the DTI doesn’t exceed 43% of the published lending authority chart.
MINIMUM QUALIFICATIONS:
• High school diploma or equivalent required; Bachelor’s degree or relevant experience preferred.
• Minimum of 5 years mortgage underwriting experience required.
• 1 year FHA – Direct Endorsement (DE) certification required.
• VA – LAPP approved preferred.
• Kentucky Housing Corporation delegation preferred.
• Working knowledge of Loan Prospector, Desktop Underwriter and FHA Connection.
• Proficiency in Microsoft Office products and internet applications.
ESSENTIAL JOB FUNCTIONS AND RESPONSIBILITIES:
• Underwrite Portfolio and Secondary market loans in accordance with agency/bank guidelines including FHA, VA, RHS (rural housing) and Jumbo loans.
• Ensure application packages are complete before forwarding to processing area.
• Perform timely reviews of loan submissions and conditions.
• Work as a liaison between our lenders and processing to correct deficiencies in pending files.
• Must be knowledgeable of all loan programs offered & requirements of those programs. Work with the lenders in the banking centers to further their knowledge of secondary market & portfolio guidelines.
• Effectively communicate with branch personnel, loan officers, originators and centralized loan personnel.
• Be an expert resource for Loan Officer inquiries.
• Maintain a working knowledge of compliance requirements affecting your position and area of responsibilities and actively learn new regulations and assist in the implementation, if required.
• Model and foster behaviors that support the Bank’s values and corporate culture creating an atmosphere of trust, cooperation, accountability and dedication to the organization.
• Willingly perform other duties and projects as assigned.
INTERPERSONAL SKILLS AND COMPETENCIES REQUIRED:
• Excellent verbal and written communication skills.
• Must be self-motivated and work well in a team environment.
• Requires a high energy level and strong sense of urgency.
• Highly detail oriented and able to maintain high levels of accuracy.
PHYSICAL REQUIREMENTS:
The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the associate is regularly required to sit, talk, hear and use hands to finger, handle, or feel objects, tools, or controls. The associate is occasionally required to stand and walk. The associate occasionally may lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, color vision, peripheral vision, depth perception, and the ability to adjust focus. The noise level in the work environment is usually moderate.
OTHER REQUIREMENTS:
• Travel between Republic Banking facilities may be required.
• Flexible work schedule that will include some evenings, weekends and overtime.
• Stay abreast of new developments, best practices, and statutory and regulatory changes.
**The above is intended to describe the general content of and requirements for the performance of this position. It is not construed as an exhaustive statement of duties, responsibilities or requirements.