Mortgage Loan Underwriter

General Responsibilities:

Responsible for performing administrative and underwriting duties to support the mortgage loan function; acquiring intricate knowledge of underwriting and selling guidelines, especially those associated with the secondary market; achieving goals as established in the Bank’s business objectives; coordinating work within the department, as well as with other departments; complying with operating policies and procedures established for the mortgage loan function; communicating with appropriate personnel; maintaining appropriate records and providing assigned reports.

Essential Duties:

• Performs administrative and underwriting duties to support the mortgage loan function of which the following are illustrative:
• Assists with pre-qualification underwriting and loan structuring.
• Performs of due diligence and underwriting once loans are under application.
• Verifies and reviews financial loan documents.
• Assesses borrower(s) credit worthiness.
• Processes and issues all required disclosures.
• Communicates changes in loan terms as necessary.
• Prepares recommendations for credit review committee or loan originators.
• Reviews loan documents for completeness.
• Assembles loan documents in loan file, including acceptance or denial and returns file to origination mortgage loan office.
• Notifies all required personnel of disposition of underwriting results.
• Performs credit analysis and approves mortgage loans within established lending authority.   
• Maintains knowledge of FHA, VA, and USDA lending guidelines.
• Perform Administrative Compliance Reviews of subject property appraisals for completeness, accuracy, adequacy and validity in accordance with financial institution policy
• Maintains intricate knowledge of underwriting and selling guidelines, especially those associated with the secondary market.

Ancillary Duties:

• Performs tasks which are supportive in nature to the essential functions of the job, but which may be altered or re-designed depending upon individual circumstances.

Physical Requirements:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the essential job functions of this position, the employee is regularly required to sit, stand, talk, hear, walk, use hands and fingers, handle or feel objects, and reach with hands and arms. At times required to stoop, kneel, bend, crouch and lift up to 25 pounds. This position requires regular use of a computer

Peoples Security Bank and Trust Company is an Equal Opportunity Employer

Basic Qualifications:

Education/Training: Associates Degree or equivalent knowledge normally required; specialized bank education/training related to mortgage lending.

Skill(s): The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the essential job functions of this position, the employee is regularly required to sit, stand, talk, hear, walk, use hands and fingers, handle or feel objects, and reach with hands and arms. At times required to stoop, kneel, bend, crouch and lift up to 25 pounds. This position requires regular use of a computer.

Experience: A minimum of five (5) years of related mortgage loan experience normally required.

PI282436503