Sr, Mortgage Loan Underwriter

First Merchants Bank is seeking a Sr, Mortgage Loan Underwriter to join our team! This position will analyze, evaluate and approve or decline loan files for credit worthiness and compliance with all applicable guidelines and policies.

• Review and validate the calculations submitted by the process.
  • Validate income used is calculated correctly.
  • Validate income used is acceptable.
  • Validate asset value calculations.
  • Validate assets are acceptable and properly documented.
• Review and analyze the file set up for compliance with product requirements.
  • Validate Automate Underwriting System (AUS) findings match the file information and set up.
  • Validate the product is acceptable for investor selected.
• Review files for denial while in processing.
• Analyze the loan file for approval or denial based on applicable guidelines and acceptable lending practices.
• Collaborate with the processor prior to underwriting on loan files with difficult characteristics.
• Correspond with the investor or agency to support/clarify guidelines and appropriate means of compliance.
• Provide feedback and guidance to processors and other underwriters to ensure continual learning.
• Completion of the HMDA related information on all files reviewed.
• Assist with policy changes.
• Train new underwriters.
• Provide support to the sales team as part of the Scenario Desk.
• Assist with audit responses.

• High school diploma or equivalent (GED).
• A minimum of fifteen (15) years of experience underwriting conventional, VA, FHA and Indiana Housing loans.

• Base Pay PLUS Bonuses
• Medical, Dental and Vision Insurance
• 401k
• Health Savings and Flexible Spending Accounts
• Vacation/Sick Time
• Paid Holidays Paid Parental Leave
• Tuition Reimbursement
• Additional Benefits

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities. This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.