Note: The job is a remote job and is open to candidates in USA. First Reliance Bank is seeking a Senior Mortgage Underwriter to join their Operations division. The role involves underwriting mortgage loan applications, ensuring compliance with regulations, and providing training and support to Residential Mortgage personnel.
Responsibilities
• Underwrite residential loans while ensuring compliance with appropriate company and secondary market investor standards as well as compliance with lending regulations
• Render underwriting decisions and subsequent clearing conditions to ensure credit and investor guidelines are met
• Evaluate and examine transactions to ensure accuracy and completeness
• Contact customers and partners to gather information to make appropriate decisions
• Proactively communicate the decisions to the Residential Lending Specialists and Community Bank Partners with an explanation behind credit decision
• Serve as a resource to Residential Mortgage personnel on underwriting questions and provide training for investor, underwriting and compliance related issues
• Recommends modifications to underwriting procedures
• Provide training as needed to Residential Lending Specialists and Community Bank Partners as requested by Channel Manager
• Prepare formal reports for review
• Provide feedback on new investor candidates as it relates to underwriting guidelines and delivery procedures
• Coordinate third party quality control of mortgage loans and evaluate reports providing feedback concerning closed loan quality and process improvements
• Ensure that contractors are trained on investor specific eligibility requirements and guidelines
• Negotiate with third party service providers and manage contracts
• Implement fraud detection techniques and other evaluation tools to mitigate mortgage lending risk
• Performing compliance reviews and comply with regulatory requirements
• Respond to individual and investor audits
• Coordinate HMDA reporting and evaluation
Skills
• Bachelor's degree or equivalent experience
• 3 – 5 years underwriting experience
• DE Certification with a CHUMS number and VA LAPP Approval including FHA and/or VA underwriting experience
• Extensive knowledge of quality service discipline
• Retail banking experience
• Proven communication and customer relation skills
• Ability and desire to interact and contribute in a team environment
• Ability to use a variety of software tools
Company Overview
• First Reliance Bank provides consumer and commercial banking services. It was founded in 1999, and is headquartered in Florence, South Carolina, USA, with a workforce of 51-200 employees. Its website is https://www.firstreliance.com.
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