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Underwriter - Retail Mortgage Lending
at MidFirst Bank
Interpret and apply analysis of loan components through findings of FNMA’s automated underwriting system, Desktop Underwriter (DU) for newly originated residential loans. This includes evaluating applicants’ credit, sources of income, type of property, type of loan, assets, debt ratios, collateral appraisal reports for the property etc. Exercising discretion in independently making loan approval decisions in compliance with MidFirst Bank and Investor guidelines. Files will be pre-underwritten upon receipt in Operations and submitted for final underwriting prior to closing. This position will work closely with the processing and MAE team advising them of credit decisions and working to clear loan stipulations and collateral requirements. Additional responsibilities include helping to monitor appropriateness and adequacy of current processing procedures and practices to ensure proper application of substantial real estate lending regulations and fulfillment of underwriting requirements.
Other duties required as assigned by management.
Working knowledge of various software; Outlook, Excel, job specific software related to the mortgage industry. This position requires at least 3 to 5 years mortgage related experience in Conventional, FHA and VA loans. Experience with USDA loans is a plus. FHA and VA underwriting certification preferred.
Position requires a strong understanding of mortgage industry guidelines as it relates to the secondary market as well as a strong understanding of automated underwriting systems. Candidates must be detail-oriented, possess effective organizational skills as well as demonstrate technical knowledge of underwriting guidelines and use of mortgage calculators. Recent experience with Mortgage Loan Guidelines (within the last year) is also required.
A Bachelors Degree preferred, but is not required.
Please apply directly by clicking on the link below!