RETAIL UNDERWRITER, SENIOR
Plano, TX, United States
** RETAIL UNDERWRITER, SENIOR**
**Job Category****:** Operations **Requisition Number****:** UNDER002639 Showing 1 location **Job Details**
**Description**
ESSENTIAL FUNCTIONS
Assist in providing direction, guidance, and training to staff members
Manage pipelines to ensure all loans are reviewed in a timely manner and according to guidelines and policies
Assist supervisor or manager in performing second-level loan reviews as needed to ensure accuracy
Review processes and procedures and provide recommendations to management regarding ways to optimize efficiencies
Review loan applications and identify missing or incorrect information
Calculate consumers income and examine credit histories, assets, and collateral
Analyze property standards against appraisal values
Assess credit worthiness to determine if borrowers meet Ability to Repay (ATR) and Qualified Mortgage (QM) requirements
Determine final credit decisions based on company policies and investor guidelines
Understand and maintain a thorough knowledge of all policy updates
Maintain Service Level Agreements (SLAs)
Adhere to company quality control requirements
Maintain relationships by effectively communicating with internal and external customers in a timely and professional manner
Perform other duties as assigned
KNOWLEDGE, SKILLS, AND ABILITIES
Good oral, written, and interpersonal communication skills to communicate with internal staff and external clients as needed
Strong analytical and mathematical skills
Ability to maintain a customer focus and efficiently and consistently produce accurate work in both individual and team settings
Strong attention to detail and the ability to multi-task and meet deadlines in a fast-paced environment
Solid knowledge of computer systems including MS Office (Word, Excel, and Outlook)
Ability to provide guidance and training to lower-level staff members
REQUIRED QUALIFICATIONS
High school diploma or GED
Associate degree or equivalent work experience
5+ years of residential mortgage underwriting experience and possess active DE CHUMS or LAPP SAR designations/certifications
or 7+ years of residential mortgage underwriting experience
Strong understanding of credit and an ability to perform mathematical calculations and review highly complex financial documents
Advanced knowledge of loan origination investor guidelines and federal and state compliance regulations
Applicants and/or employees who do not meet the minimum standards must be submitted to Credit Risk with appropriate rationale for an exception to the title classification requirements.
PREFERRED QUALIFICATIONS
PHYSICAL REQUIREMENTS
The following physical requirements must be met by an employee to successfully perform the essential functions of the position. Reasonable accommodations will be made for qualified individuals with disabilities to perform the roles essential functions. This job operates in a professional work environment and requires the ability to use a computer and/or other office equipment and remain in a stationary position for considerable amounts of time. Incumbents must possess the ability to assess information and communicate as needed with internal staff/external clients in person or via phone or email.
*Management may assign or reassign duties and responsibilities to this job at any time. FGMC is proud to be an Equal Employment Opportunity employer. We celebrate diversity and are committed to creating an inclusive work environment for all individuals. Colorado Applicants: If you are hired into a Colorado work location, the compensation range for this position is between $74,540 and $111,811 based on a full-time schedule. The salary will vary depending on your location and confirmed job-related skills and experience. This is an incentive based position with the potential to earn more. For part-time roles, your compensation will be adjusted to reflect your hours.*
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