Mortgage Loan Underwriter Richardson Ops

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Full Time Mortgage Underwriter Richardson, TX, US

2 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 Portfolio or sold on the Secondary Market:

• 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 guideline
• For loans sold on the Secondary Market, ensure loans are underwritten to agency and investor guidelines and ensure salability

• Assumes responsibility for accurately evaluating the credit worthiness of potential borrowers, underwriting pre‑approval and final approval requests, and reviewing and clearing conditions.
• Evaluates the adequacy of the applicant’s income and probability that the customer will meet expected financial obligations.
• Reviews borrower’s credit reports and financial affairs, identifies any concerns.
• Completes all underwriting functions in accordance with various program requirements and understands Bank’s Loan Policy and Underwriting Guidelines to identify exceptions.
• Stays informed regarding changes in Loan Policy, Underwriting Guidelines, Agency/Investor Guidelines, lending standards, and related legal requirements.
• Maintains confidentiality and demonstrates an exceptional service level.
• Assists Team Lead, Supervisor, and Department Manager in developing and meeting short and long‑term goals.
• Establishes and maintains effective communication and coordination with Bank personnel and management, answers questions, attends meetings, completes and maintains reports, records, and training.
• Reports technical problems to appropriate personnel for investigation and prevention of recurrence.
• Maintains and updates knowledge of underwriting requirements and policies, stays informed of software updates, completes annual compliance testing and training, performs other duties or special projects as required.
• Keeps work area clean, secure, and well‑maintained; provides suggestions for improving underwriting policies and procedures.

• Loans reviewed and approved in accordance with applicable legal, regulatory, and program requirements and with established policies.
• Customers' credit worthiness is thoroughly and accurately analyzed, lending practices are safe and sound.
• Professional business relations exist with Bank personnel, assistance provided as needed.
• Required documentation is complete and accurate.
• Maintains service level agreements in underwriting credit applications.
• Management appropriately informed; reports 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 credit worthiness, proper review of third‑party credit and collateral data, working knowledge of consumer real estate loans and collateral documentation, regulatory requirements.
• Experience
  
  Required:
  
  1–5 years of credit underwriting, loan review, mortgage or related experience.
• Skills/Abilities:
  Sound credit judgment, excellent communication skills, good organizational skills, attention to detail, ability to operate required computer applications, typewriter, 10‑key, and other basic business machines.

• Talking:
  Conveys detailed or important…