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Mortgage Underwriter

MidFirst Bank


Location:
Oklahoma City, OK
Date:
04/10/2017
Job Code:
9527
Categories:
  • Financial Services
  • Retail
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Job Details

Mortgage Underwriter - Oklahoma City OK 73118 Skip Navigation
Mortgage Underwriter
  • Job ID #: 9527
  • Functional Area: Banking
  • Employment Type: Full-Time Regular
  • Education Required: Bachelors Degree
  • Location: Oklahoma City, OK
  • Department: Retail Mortgage Lending
  • Hours of Work: 8 a.m.- 5 p.m. Mon- Fri; OT as required
  • Experience Required: 3 - 5 Years


Position Description:
PURPOSE OF POSITION

Interpret and apply analysis of loan components through findings of FNMA’s automated underwriting system, Desktop Underwriter (DU) for newly originated residential loans. This includes evaluating applicants’ credit, sources of income, type of property, type of loan, assets, debt ratios, collateral appraisal reports for the property etc. Exercising discretion in independently making loan approval decisions in compliance with MidFirst Bank and Investor guidelines. Files will be pre-underwritten upon receipt in Operations and submitted for final underwriting prior to closing. This position will work closely with the processing and MAE teams advising them of credit decisions and working to clear loan stipulations.

PRINCIPLE DUTIES AND RESPONSIBILITIES

- Responsible for managing underwriting pipeline This includes ensuring files are reviewed within set Service Level Agreements (SLAs). Pipeline management also includes evaluating files with a “sense of urgency” to ensure Estimated Closing Date (ECD) and rate lock expirations are monitored
- Advising management of recurring underwriting conditions and potential training opportunities
- Responsible for ensuring loans meet MidFirst Bank and Investor guidelines
- Monitor appropriateness and adequacy of current processing procedures and practices to ensure proper application of regulations and fulfillment of underwriting requirements
- Responsible for staying current on all updates and changes to Investor and Agency guidelines
- Interacting with management in planning activities or changes to improve business processes
- Respond to quality control audits and post-closing issues in a timely manner
- Other duties as assigned by management


Position Requirements:
JOB SPECIFICATIONS

- Bachelor’s Degree in a business related field with 3-5 years’ experience in underwriting Conventional and FHA loans is preferred
- Five to seven years' experience underwriting Conventional and FHA loans can be considered in lieu of a degree
- Experience underwriting VA and USDA loans is preferred
- VA LAPP/SAR and FHA DE credentials preferred
- Strong understanding of mortgage industry guidelines
- Detail-oriented, organization skills are critical
- Working knowledge of various software (Office Outlook, Excel, Word)
- Mortgage Loan Origination System - Encompass preferred


We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.


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