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Mortgage Loan Underwriter - Remote Opportunity

Company: Town And Country Bank
Location: Bloomington
Posted on: May 3, 2021

Job Description:

Town and Country Bank is seeking an experienced Mortgage Loan Underwriter with experience in conventional and government loan underwriting. This position may be worked out of one of our branch locations in Illinois or can be remote.

ABOUT US:

At Town and Country our mission is to empower the financial well-being of our communities, one person at a time.

The culture at Town and Country is built on our shared core values - Teamwork, Achievement, Passion and Positive Thinking. Teamwork means we work together to achieve a common purpose. Achievement means we are results-oriented and achieve success by reaching and exceeding our goals. Positive thinking means we exhibit a positive attitude and strive to maintain an upbeat and fun work environment. Passion means we love what we do and understand the importance of our role in relation to the direction and purpose of the organization. We hire, review, reward, and recognize our teammates based on these characteristics, so it's important that you share these values in order to be part of our team.

JOB SUMMARY:

Under limited supervision, decides on whether to lend on conventional residential loans. Provides teamwork to other mortgage operations' team members by helping dictate efficient workflow and keep loans moving forward in an efficient and effective manner. Directs the overall quality control function for secondary market loans by ensuring borrower meets standards of willingness and ability to repay debt. Embraces and promotes Town and Country's core values of teamwork, achievement, passion and positive thinking.

ESSENTIAL FUNCTIONS AND DUTIES:

  • Reviews income, asset position, collateral, and credit profiles to determine loan approval acceptance for all residential related lending.
  • Examines overall loan documentation, reviewing for acceptance as well as fraud mitigation
  • Reviews work of appraiser prospects for recommendation of addition to approved appraiser's list
  • Reviews Automated Underwriting System Findings such as FNMA DU, to ensure that all requirements have been satisfied prior to loan approval.
  • Engages regularly with sales and other members of operations to ensure loan structure and requirements are understood and are in the best interest of the customer and the company.
  • Monitors and reports any deficiencies in loan documentation as required by compliance to ensure continued relationships with mainly FNMA.
  • Performs other job-related duties and special projects as assigned.

QUALIFICATIONS:

Minimum of 5 years experience in mortgage loan underwriting, including: FNMA conventional, CHUM's ID, SARS and be LAPP approved. Grant loans along with USDA loans.

Experience in Microsoft Office applications.

Excellent written and verbal communication skills.

Knowledge of financial analysis techniques.

Ability to work in a team-based, fast-paced work environment.

High degree of accuracy and strong organizational skills.

Ability to work under pressure and on deadline

EDUCATION:

Bachelor's degree in related field or equivalent experience.

Keywords: Town And Country Bank, Bloomington , Mortgage Loan Underwriter - Remote Opportunity, Other , Bloomington, Illinois

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