Senior Mortgage Loan Underwriter

POSITION SUMMARY

Reviews mortgage loan applications submitted by Originating Agents, assessing compliance/conformity with organization regulations and Federal Housing Administration (FHA), Veterans Administration (VA), United States Department of Agriculture/Rural Development (USDA/RD), Federal Home Loan Mortgage Corporation (Freddie Mac), Federal National Mortgage Association (Fannie Mae) and Private Mortgage Insurance (PMI) regulations and determining action to be taken; maintains ongoing communication and relationships with lenders, realtors, consumers, etc.

• Reviews loan applications timely to determine conformity and compliance to Agency and THDA’s guidelines; determines actions to be taken.
• Accurately reviews and determines household and qualifying income eligibility for potential homeowners for the Mortgage Revenue Bond (MRB) and Mortgage Backed Security (MBS) programs; works directly with OA regarding any inaccuracies with the income.
• Accurately verifies loan information in loan origination system, updates information if needed; reviews automated underwriting findings to verify accurate and complete documentation provided in the mortgage loan file; works directly with the lender regarding any deficiencies.
• Reviews application disclosures to ensure loan and timing meets CFPB, RESPA and other federal guidelines.
• Reviews appraisals to determine properties meet Agency and THDA’s guidelines.
• Seeks guidance from the Mortgage Underwriting Manager and/or Director of Loan Operations as needed. Maintains a high level of written and oral professional communication with Originating Agents to ensure accurate and timely receipt of all required documentation for a timely loan closing.
• Reviews outstanding/pended documentation in a timely manner; transmits commitments, and Enforceable Obligation Letter (if required) to lender. Provides initial review of exception requests and obtains final approval from Manager and/or Director; including extension and/or modification of commitment requests.
• Manages pipeline in a timely manner to ensure closing deadlines and rate lock expirations are not exceeded.
• Establishes and maintains relationships by answering the General Information Underwriting Line or SFAsk email box, in a businesslike manner; subject matter expert providing technical program support to lenders, realtors, potential new Originating Agents, borrowers and other internal Divisions.
• Offers support to other areas in the division, as necessary or as time allows.
• Works closely with post-closing section to update commitments, review "at closing" conditions or resolve closing issues.

• High school diploma or equivalent GED.
• Three years of directly related mortgage underwriting approval experience or quality control compliance required, five years preferred.
• Government delegated underwriting authority, preferred.
• Experience working in a deadline-driven, fast paced environment.
• Recent employment in the mortgage banking underwriting/compliance field is required.

• Proficient in underwriting guidelines for FHA, VA, USDA/RD, Freddie Mac, Fannie Mae and PMI companies.
• Knowledge of mortgage regulatory requirements; RESPA, TIL, TRID, CFPB.
• Ability to successfully and accurately complete assigned work in a fast-paced environment.
• Strong interpersonal skills.
• Excellent verbal and written communication skills.
• Maintains credibility through sincerity, honesty, and discretion.
• Maintains a high level of confidentiality.
• Builds and maintains positive relationships with internal and external constituents.
• Strong organizational skills.
• Strong time management skills; uses time effectively; consistently meets deadlines.
• Ability to exercise good judgment in evaluating complex situations while implementing agencies requirements/guidelines.
• Ability to adjust to frequent procedural changes.
• Documents regularly, thoroughly, accurately, and completely.
• High level of detail and accuracy.
• Exercises good and consistently fair judgment, courtesy, and tact in dealing with the staff and public in giving and obtaining information.
• Computer literate; proficient in Microsoft Word, Excel, Outlook, Allregs and the internet; able to effectively adapt to and use other computer systems as needed for daily activities.

While performing the duties of this job, the employee is regularly required to sit; stand; use hands to finger, handle or feel; and talk and hear. The employee is occasionally required to walk; reach with hands and arms, and stoop, kneel, or crouch. Specific vision abilities required by this job include close vision, distance vision, and the ability to adjust focus.