Mortgage Loan Underwriter
First Bank
Plano, TX US
Posted ago
First Bank
We are looking for a detail-oriented mortgage underwriter to grow with our team! You’ll be responsible for analyzing and verifying real estate loan applications while evaluating risks and making loan decisions. The ideal applicant has a thorough understanding of the latest industry trends and is able to organize and prioritize their tasks efficiently and effectively. Job seekers who feel they’re a great fit for the role are highly encouraged to apply.
Responsibilities
  • Document in detail reasons for approving or rejecting a loan for our loan officers and clients
  • Research applicant’s employment and financial history to help determine the accuracy of application and documents
  • Send requests as needed for any additional information that will help determine loan risk
  • Ensure once all information is gathered that it is accurate, compliance standards are met, and it is in congruence with company policies
  • Review all mortgage applications and supporting documents to ensure all necessary information is included for approval

  • Will be responsible for but not limited to the underwriting of residential loans ensuring compliance with appropriate company and investor standards
  • Will be responsible for examining loan documentation for accuracy and completeness while working with loan originator or production staff to secure all required documents
  • May be involved in one or several types of mortgage lending (conventional, government-backed, etc.)
  • May be required to work with more senior mortgage underwriters on loan exceptions having the authority to withdraw and decline loans
  • May be required to respond directly to individual and investor audits
  • Reviews complex income documentation such as personal and business tax returns
  • Reviews complex asset statements
  • Has the ability to underwrite FHA/VA loan requests
  • Works efficiently under minimal supervision to meet company goals for turn times
  • Has high levels of risk assessment knowledge
  • Has the ability to restructure loans recommended for denial and present counter-offer which fully complies with guidelines at an acceptable level of risk
  • Has the analytical ability to consider consequences of loan credit guidelines

Qualifications
  • Knowledge of home loans and residential mortgages such as conventional, VA, FHA, and USDA loans, and loan products
  • Must hold a Bachelor’s degree in business, banking or similar field
  • Working knowledge of Microsoft office and automated underwriting systems
  • Demonstrates great decision-making and communication skills
  • At least 2 years of mortgage underwriting experience or mortgage lending experience required

Preferred Qualifications:

  • MUST HAVE UNDERWRITING EXPERIENCE
  • 3-5 years of mortgage underwriting experience
  • 3-5 years of FHA/VA, Conventional, and USD/RD underwriting experience
  • Experience with underwriting to multiple lender guidelines and requirements
  • Knowledge of Fannie Mae/DU and Freddie Mac guidelines and automated underwriting systems
  • Must be able to critically examine credit, income, and asset documents and review title policy and appraisals
  • High School Diploma, GED or equivalent certification or military experience

Compensation
$85,000 - $115,000 yearly
About First Bank

Established in 1907, First Bank is a privately-owned community bank that's been named one of the top performing banks in the nation. Our mortgage operations located in Plano, TX combines the stability of a traditional mortgage lender with the flexibility of a portfolio bank. Coupled together, our platform provides our employees the ability to deliver the highest level of customer service throughout the entire lending process and helps create an amazing home financing experience for our clients.

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