Mortgage Loan Underwriter Lubbock

Mortgage Loan Underwriter (Full Time) - Lubbock

Full Time Mortgage Underwriter Lubbock, TX, US

4 days ago Requisition

External Applicants:
Please apply through Prosperity Bank's Career Center at  . Applying through any other source may prevent Prosperity from receiving your application.

Internal Applicants:
If you are a current associate of Prosperity Bank, please apply through the internal Talent - Career Center in ADP.

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 that 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

Assumes responsibility for accurately evaluating the credit worthiness of potential borrowers.

• 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. Reviews the manner which obligations have been met and financial affairs managed.
• Completes all underwriting functions in accordance with various program requirements. Understands Bank’s Loan Policy and Underwriting Guidelines to identify exceptions.
• Stays informed regarding Bank’s Loan Policy, Underwriting Guideline, 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.

Assumes responsibility for establishing and maintaining effective communication and coordination with Bank personnel and with management.

• 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 of any significant problems.
• Completes and maintains required reports, records, and training.
• Reports technical problems to appropriate personnel for investigation and to prevent reoccurrence of problems.

Assumes responsibility for related duties as required or assigned.

• 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.