Senior Underwriter Loss Mitigation

Position Summary

This position is responsible for underwriting residential mortgages and consumer loans to ensure compliance with secondary market, independent investor, mortgage insurance company and internal bank requirements. The role includes a detailed examination of the loan credit profile, asset/income profile, the collateral and other loan documents. The individual will review more complex loan submissions and act as a subject‑matter expert/resource for the mortgage loan production/operations team.

Automated underwriting engines will be employed as well as manual reviews of in‑house loan submissions. The position communicates and works closely with mortgage lenders, mortgage processors, and closers as well as other internal/external clients.

The role performs monthly underwriting audits on active loans, reports audit results to management, works with outside vendors and FNMA to facilitate external audits, keeps abreast of new quality control/underwriting requirements, and participates in the creation and implementation of related procedures. It also evaluates non‑performing loans, determines the best suited loss mitigation program and guides the customer through the process. Additional assignments may include managing delinquent taxes, FNMA reporting, submitting reimbursement claims, tracking collection efforts and working directly with customers on loan renewals.

• Calculating income, debt‑to‑income ratios and loan‑to‑value to ensure results meet appropriate lender guidelines.
• Providing a synopsis of loan strengths and weaknesses on in‑house loans.
• Ensuring accuracy of FNMA Desktop Underwriter findings.
• Building strong relationships with internal staff, including Mortgage Advisors, Processors, and Closers.

High school diploma or equivalent; 5+ years of experience in underwriting or related work.

Post‑secondary degree or classes.

Basic math skills, knowledge of underwriting and compliance regulations, strong attention to detail, organizational and time‑management skills to work independently and handle multiple priorities under pressure, ability to identify problems and develop procedures to resolve or correct situations, excellent customer service, written and verbal communication skills.

Park Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status and protected veteran status.

Apply Online: ipc.us/t/