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Mortgage Loan Underwriter III at Iowa Bankers Mortgage Corporation

Urbandale, Iowa, United States -

Full Time

Start Date

Immediate

Expiry Date

13 Feb, 26

Salary

0.0

Posted On

15 Nov, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Mortgage Underwriting, FHA Loans, Conventional Loans, VA Loans, USDA Loans, Appraisal Analysis, Compliance Review, Risk Evaluation, Loan Applications, Quality Control, Investor Guidelines, Property Values, Government Loan Programs, Underwriting Training, Credit Risk Assessment, Loan Review

Industry

Banking

Description

Description The Mortgage Loan Underwriter evaluates credit and property risks for Conventional, FHA, and Rural Development loans from affiliated banks and correspondent lenders. Performs a preliminary and final review of FHA, Rural Development, Conventional, VA and IFA applications for Heritage and Alliance loan applications. Establish property values and appraisal analysis for HUD, VA, USDA and Conventional loans. Reviews loan files for compliance with investor guidelines. Follow IBMC loan review and quality control guidelines as files are reviewed. Requirements Required Education: High school diploma or general education degree (GED) Required Work Experience: Minimum 5 years Conventional, FHA, USDA and VA Underwriting experience or equivalent combination of education and experience. Has actively been Underwriting loans in past 12 months. Specialized Training: Appraisal or underwriting training, at least 1 Government Loan Program designation (FHA Direct Endorsement, VA Lapp Authority).

Responsibilities

The Mortgage Loan Underwriter evaluates credit and property risks for various loan types and performs reviews of loan applications. They establish property values and ensure compliance with investor guidelines during the loan review process.