Senior Mortgage Underwriter

About This Role

This senior role focuses on the accurate and timely underwriting of mortgage loans, ensuring all activities comply with Minnco loan policy, federal and state regulations, NCUA laws, and secondary market/PMI guidelines. The underwriter is responsible for maintaining credit quality and administering FNMA DU, contributing to an efficient mortgage underwriting process.

Responsibilities

• Approve or reject mortgage loan applications or request additional information in a consistent and timely manner
• Review mortgage loans to ensure accuracy and completeness, validate findings to verify that all information matches
• Instruct Mortgage Loan Originators and Mortgage Loan Processors on any errors for training purposes
• Review title to verify customer ownership on refinance transactions and seller ownership for purchase transactions
• Check that the chain of title meets investor requirements
• Verify there are no unpaid liens or judgments and that all mortgage liens are being paid off through the transaction
• Verify that the rate lock matches the underwriting file with the correct program, LTV, and credit score
• Perform mortgage credit analysis, with or without the assistance of an automated underwriting system, to determine borrower’s willingness and ability to repay the mortgage debt
• Evaluate risk to ensure a prudent decision is made
• Perform a detailed review of appraisals for one-to-four family residential properties to determine acceptability of security for portfolio loans and loans sold to investors
• Partner with the Mortgage Underwriting Manager to ensure that credit decisions are made within targeted timeframes and meeting purchase contract deadlines
• Review all origination files to ensure the customer has been offered the best mortgage program
• Adhere to guidelines to ensure all loans are closed properly according to internal and external investors in a timely manner
• Ensure that all fair lending and compliance policies are followed both in dealings with customers and in underwriting decisions
• Monitor all secondary Investor, Government, and MI guideline changes and determine their effect on current and future loans
• Be responsible for all compliance functions for the bank with examiners, auditors, and the secondary market
• Review all mortgage loans that have been selected for review
• Work with staff to address any deficiencies found to eliminate future issues
• Work with secondary market investors on any post-closing issues or audits
• Maintain and uphold Minnco’s Core Values in all work
• Act with integrity and professionalism while maintaining confidentiality and objectivity
• Maintain a professional image of Minnco by maintaining a neat workspace, wearing proper attire, and greeting all with a positive attitude and a smile