Mortgage Loan Underwriter Lubbock

Prosperity Bank is an Equal Opportunity Employer.

To review and underwrite consumer‑purpose real estate secured loans either to be held in the Bank’s portfolio.

• Identifies, analyzes, and evaluates loan risks and compensating factors
• Approves, conditions, and denies loan applications
• Determines eligibility and problem‑solves to provide customers with alternative solutions
• Ensures loans are approved within the terms of the Bank’s standards and procedures, regulatory underwriting guidelines
• Reviews and analyzes construction budgets, construction contracts, plans, and specs
• Identifies potential construction‑related Mechanic’s lien issues
• Analyzes collateral documentation including title work and appraisals for lien perfection and acceptability
• Reviews and ensures adequate insurance coverage
• Ensures Fair Lending compliance, and safeguards against potential regulatory issues

• Underwrites pre‑approval requests, approval requests, final approval requests and reviews and clears conditions.
• Evaluates the adequacy of the applicant’s income and probability that the customer will be able to meet expected financial obligations.
• Reviews borrower’s credit reports and the manner in which obligations have been met and financial affairs managed.
• Completes all underwriting functions in accordance with various program requirements and understands the Bank’s Loan Policy and Underwriting Guidelines to identify exceptions.
• Stays informed regarding the Bank’s Loan Policy, Underwriting Guidelines, and Agency/Investor guideline changes in lending standards and related legal requirements.
• Maintains a high level of confidentiality.
• Demonstrates an exceptional service level.
• Assists Team Lead, Supervisor, and Department Manager in developing and meeting short‑ and long‑term goals.

• Assists and supports Bank personnel as needed; answers questions of loan personnel regarding policies and procedures.
• Attends and participates in meetings and committees as required.
• Keeps Team Lead, Supervisor, and Consumer Credit Underwriting Manager informed of area activities and any significant problems.
• Completes and maintains required reports, records, and training.
• Reports technical problems to appropriate personnel for investigation and to prevent recurrence of problems.

• Maintains and updates knowledge of underwriting requirements and policies.
• Stays informed of modifications and updates in software applications.
• Completes annual compliance testing and training on time.
• Performs other duties, tasks and special projects as required, assigned, or directed with or without accommodation.
• Keeps work area clean, secure, and well maintained.
• Provides suggestions for improvements in underwriting policies and procedures.

The above statements describe the general nature and level of work only. They are not an exhaustive list of all required responsibilities, duties and skills. Other duties may be added, or this job description amended at any time.

This role has no supervisory responsibilities.

• Loans are reviewed and approved in accordance with applicable legal, regulatory, and program requirements and with established policies and procedures.
• Customers’ creditworthiness is thoroughly and accurately analyzed; lending practices are safe and sound.
• Professional business relations exist with Bank personnel; assistance is provided as needed.
• Required documentation is complete and accurate.
• Maintains service level agreements in underwriting credit applications.
• Management is appropriately informed of area activities; reports are complete and timely.

Education/Certification: Associate degree in business or a related field, or an equivalent combination of training and work experience.

Required Knowledge: Strong knowledge of credit reports and determination of creditworthiness while maximizing productivity and minimizing credit risk; properly review 3rd party credit and collateral data; working knowledge of consumer real‑estate loans and collateral documentation; working knowledge of regulatory requirements;…