Correspondent Underwriter (Finance)

This position can work from Wichita, Kansas City or Topeka, KS.
Remote work eligibility: This position is telework eligible based on experience; Kansas or Missouri only.

Role

Evaluates residential mortgage loans risk on a timely basis and as established in the Bank's guidelines. Prepares analysis through the verification of loan application information and determines if a potential borrower presents an appropriate level of risk. Assists with needs of the origination staff, correspondent lenders, and investors by providing prompt customer service and responding to product questions and scenarios. Mentors processing staff on underwriting deficiencies and calculation errors, as applicable. Maintains knowledge of the Banks policies and procedures to make sound judgments while keeping current with regulatory and market changes. The Mortgage Loan Underwriter must be service-focused with superior time-management and communication skills.

Essential Duties & Responsibilities  

• Reviews file documentation, including appraisal, to make an informed loan decision based on the Bank's standard underwriting guidelines. If there is insufficient information to make a decision, requests the required information or documentation.
• Establishes appropriate approval conditions; including adding and clearing conditions with file re-submissions as appropriate. Grants policy or guideline exceptions while documenting appropriate compensating factors. Identifies and records application deficiencies on adverse action loans.
• Responds to inquiries regarding Bank underwriting guidelines, investor guidelines, and loan scenarios for internal staff and correspondent lenders.
• Perform other duties as assigned.
• Participate in proactive team efforts to achieve departmental and company goals.
• Must comply with current applicable laws, regulations and bank policies and procedures. Comply with all safety policies, practices and procedures. Report all unsafe activities to supervisor and/or Human Resources.

Requirements

• Five to eight years of similar or related lending/banking experience, including preparatory experience.
• One to three years of conventional underwriting experience and at least one year VA/FHA underwriting experience preferred.
• A college degree.
• Is responsible for a width of information including but not limited to: the organizations current mortgage loan interest rates, commitment/rate lock/relock fee procedures, VA and FHA underwriting standards, consumer loan products/rates/guidelines that are used in conjunction with Mortgage Lending (Execulines, second mortgage products, swing loans, land loans, etc.), Encompass loan origination software system, preferred.
• A significant level of trust and diplomacy is required to be an effective subject matter expert in the position. In-depth dialogues, conversations and explanations with customers, direct and indirect reports and outside vendors of a sensitive and/or highly confidential nature is a normal part of the day-to-day experience. Communications can involve motivating, influencing, educating and/or advising others on matters of significance.

 

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c) Underwriting