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Mtg Underwriter Sr
US-OH-Cleveland - 44199
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A Senior Mortgage Underwriter works under limited supervision and renders credit decisions by evaluating residential mortgage customer applications. Underwrites loans at all complexity and loan amount levels. Ensures compliance with appropriate company and Agency/Investor guidelines. May be assigned specifically to a collateral review and analysis function or an underwriting client support role in the Mortgage Consulting Center.

Examines overall loan documentation to ensure accuracy and completeness. Reviews loan-to value ratio, credit reports, applications, etc. on the most complex applications, to ensure each loan meets company standards for sales into the secondary market. Analyzes applicants' financial information to determine the borrower's. Ability to Repay under CFPB guidelines. Provides an underwriting decision to either approve or deny loans within agency, investor and bank guidelines. Re-negotiates loans and provides others with assistance in the re-negotiation process based on lending guidelines. Ensures loan agreements are complete, accurate and in accordance with Bank policy. Communicates with Wholesale Mortgage Clients to convey loan decisions, discuss scenarios, and resolve issues. Clears all prior to close conditions by collecting required documentation to close conditions and complete the loan file. Works collaboratively with Credit Administration regarding guideline definitions. Identifies trends or patterns in data and makes appropriate recommendations to management. Orients, trains, assists and mentor more junior level Mortgage Underwriters. Acts as subject matter expert for the team resolving complex underwriting issues. May analyze or assist underwriters in analyzing complex and diversified credit and property documentation. Meets established customer service, productivity and quality standards. Stays abreast of any changes in loan underwriting provisions.

Collateral Review Functions
Performs review and analysis of real estate appraisal reports used to evaluate the fair market value in serving as collateral for a mortgage loan and ensure appraisal reports support lending decisions. Conducts research and analysis on Agency guidelines, bank guidelines and property valuation tools. Maintains up-to- date knowledge. Validates compliance with regulatory and bank guidelines for the purpose of accepting, accepting with conditions, or rejecting a submitted appraisal. Escalates issues of non-compliance, suspicious misrepresentation or fraud. Meets established customer service, productivity and quality standards.{{Mortgage Consulting Center Underwriting Functions{Applies superior verbal and written communication skills in providing timely responses via telephone and e-mail to questions and concerns of wholesale client and sales staff regarding credit decisions including; exception requests, conditions, what if scenarios and escalated issues. Develops and manages relationships with client and mortgage insurance partners to include; underwriting guide interpretation, troubleshooting and approving clients for certain loan programs. Identifies business trends and informs management of issues needing further review. Reviews and approves loan and policy exceptions within scope of authority or refers to management for approval.{{Performs special projects and additional duties and responsibilities as required. Where applicable and when performing the responsibilities of the job, employees are accountable to maintain Sarbanes-Oxley compliance and adhere to internal control policies and procedures.

High School diploma, college degree in related field preferred. Minimum of five years experience as a Mortgage Underwriter or equivalent relevant experience in mortgage lending. Minimum of five years of appraisal review experience.

Thorough knowledge of financial analysis techniques. Strong leadership skills Good understanding of investor requirements. Good understanding and knowledge of residential lending guidelines. Good knowledge of the mortgage origination process, policies and procedures. Good understanding of financial institution products and services. Good knowledge of appraisal standards and analysis. Computer literate with advanced proficiency in internet navigation, word processing, spreadsheet and database applications. Exceptional customer service skills. Excellent oral and written communication skills. Strong organizational skills. Detail oriented. Ability to follow through assignments to completion. Ability to train and mentor others. Ability to work independently and meet production goals and deadlines.

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