About This Role
This underwriting role involves evaluating and approving residential real estate loans for the secondary market, ensuring they meet all regulatory and investor guidelines. The position suits a detail-oriented individual with strong analytical skills and a commitment to customer service.
Responsibilities
- Underwrite residential real estate loans for the Secondary Market Lending Division
- Maintain necessary underwriting knowledge to effectively review and underwrite loans based on FNMA/Freddie Mac, FHA, VA, RD, and secondary market guidelines
- Provide processing support and backup to Real Estate Loan Specialists
- Assist in effectively communicating underwriting issues, policies, and procedures with lenders and branch managers
- Handle real estate sale and funding, including determination of appropriate markets, understanding pricing, lock-in, purchasing, commitments, and delivery to secondary markets
- Responsible for the credit risk on all loans
- Review and evaluate loan files and make decisions consistent with Stockman Bank’s lending policies and all appropriate program guidelines
- Assist Real Estate Loan Specialists in efficiently processing real estate loans originated by all branch offices
Requirements
- High School or general education degree (GED)
- FHA DE status (CHUMS ID)
- VA LAPP Approval (SAR #)
- Strong commitment to providing exceptional customer service
- Minimum of 5 years experience in the mortgage industry
- In-depth knowledge of Fannie Mae, Freddie Mac, USDA, and JUMBO guidelines
- Strong knowledge of real estate loan policies, procedures, and investor programs
- Strong communication skills
- Strong attention to detail, accuracy, and analytical skills
- Ability to perform multiple tasks under pressure with limited supervision
- Ability to effectively and accurately make sound decisions within the scope of underwriting guidelines
- Accurate keyboarding, 10 key skills, and computer experience
- Ability to set priorities and work in an organized manner
Nice to have:
- Bachelor's degree or Professional Underwriting Designation
Important Details
- Locations: Miles City, MT; Billings, MT; or remotely from a home office
- Employees supervised: None
About the Company
Stockman Bank provides residential mortgage loans for the secondary market and evaluates residential mortgage loan applications.
