Mortgage Loan Underwriter

Location: Kingsport TN-Operations Center

Position: Full Time

General Job Summary:

Responsible for underwriting all secondary market mortgage loans within approved and established company guidelines and policies. Also review and approves all final conditions of the loan to clear the loan to close.

Essential Duties and Responsibilities:

  • Properly underwrite secondary market mortgage loan applications per guidelines
  • Effectively and professionally communicate decisions, issues, and conditions to lender/loan officer
  • Properly review and approve all final conditions to clear loan for closing, including but not limited to review and approve work of loan processors, title company, attorneys, insurance company, and appraisers. Obtain PMI through independent MI companies as applicable
  • Properly review and approve income documentation and analysis of income tax returns
  • Properly review and analyze applications and credit bureaus
  • Consistently ensure the loan quality of all loans underwritten
  • Effectively maintain knowledge of necessary regulations and all changes
  • Maintain loan exception reporting
  • Maintain a current knowledge of Bank of Tennessee’s Policies and Procedures
  • Maintain a current knowledge of Fannie Mae, FHA, and VA loans
  • Maintain FHA CHUMS underwriter ID and keep in good standing

Secondary Duties and Responsibilities:

  • Other duties as assigned

Required Knowledge, Skills, and Abilities:

  • Consistently displays a professional demeanor
  • Consistently display good organizational skills
  • Ability to be self-motivated
  • Consistently displays exceptional customer service skills
  • Ability to display professional, clear, and concise communication skills
  • Ability to interact with various levels of staff and vendors
  • Ability to work independently keeping supervisor updated appropriately
  • Possess extensive follow-up skills
  • Ability to adjust to a fast paced, multi-demand, ever-changing work environment
  • Advanced computer skills in applications such as Excel, Word, Windows based applications, etc.
  • Experience in underwriting THDA and USDA programs
  • Possesses strong analytical skills

Education and Experience:

  • High school diploma or GED required
  • Minimum of three years experience in secondary market underwriting required
  • Must have an active FHA CHUMS underwriter ID in good standing
  • VA LAPP approval preferred

 

EEO/AA/M/F/VETS/DISABLED

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