Mortgage Underwriter at Gateway First Bank

Plano, Texas, United States -

Full Time

Start Date

Immediate

Expiry Date

20 Jul, 26

Salary

0.0

Posted On

21 Apr, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Mortgage Underwriting, Credit Analysis, Loan Documentation, Regulatory Compliance, Risk Assessment, Fraud Detection, Conventional Loans, FHA, VA, RD, Loan Origination Software, Microsoft Word, Microsoft Excel, Microsoft Outlook, Analytical Skills, Communication Skills

Industry

Banking

Description

Mortgage Underwriter JOB SUMMARY: Responsible for underwriting designated residential loans by analyzing credit data to ensure compliance with investor and company guidelines and requirements. ESSENTIAL FUNCTIONS (RESPONSIBILITIES): * Analyzes loan documentation for accuracy and completeness to assess credit worthiness and adherence to regulatory and compliance requirements. * Verifies the income and employment information of loan applicants, reviews the applicant credit history, and scores, and examines asset accounts for available funds for mortgage transactions. * Analyzes loan documentation to determine credit worthiness and to detect signs of possible mortgage fraud or money laundering. * Works with loan originators and production staff to compile required credit documentation. * Reviews secondary resubmissions of credit documentation provided and prepare the necessary forms and worksheets to issue credit approval. * Communicates credit decisions and answer loan amount questions to address issues on outstanding items required for credit approval. * Exercises awareness with regard to possible suspicious activity, money laundering or fraudulent behavior and reports any such incidents to the BSA department. Performs all job functions in compliance with all company policies and federal, state, and local laws and regulations as applicable to the position, including, but not limited to BSA/AML, OFAC and GLBA/privacy rules. * Performs related responsibilities as required or assigned. Qualifications Mortgage Underwriter REQUIRED QUALIFICATIONS: Knowledge/Skills/Abilities * Advanced knowledge of mortgage underwriting policies, procedures, and processes. * Advanced knowledge of agency and investor underwriting requirements. * Solid analytical and conceptual skills, especially as required in analyzing credit data, file integrity, and loan file data. * Proven oral and written communication skills to relate loan information to loan originators and service providers in a friendly, articulate and well understood manner. * Proficient in Word, Excel, and Outlook. * Proficient in loan origination software. * Attention to detail and ability to analyze loan file data. * Exemplifies the Gateway Values: Growth Oriented, Make a Difference, "Get it Done" Attitude, Team Player, Do the Right Thing. Equivalent Education/Experience * Bachelor's degree in finance, business or a related field or equivalent years of experience. * 5 years of mortgage underwriting experience in mortgage industry including conventional, FHA, VA, RD. * Prefer DE and/or SAR certified. * Prefer related experience in financial services industry. Mortgage Underwriter SPECIAL JOB DIMENSIONS: Work requires conformance to fast-paced, high-volume environment while practicing sound lending judgment, occasional overtime, and limited travel. NOTE: The essential job functions and associated qualifications contained in this document describe the general nature and level of the work performed. They are not intended to represent an exhaustive listing or be inclusive of all aspects of the job. The tasks and procedures involved in the performance of the essential job functions may vary from day-to-day. Major changes in areas of responsibility may occur, as directed by management, and will require revision of this job description.

Responsibilities

The Mortgage Underwriter is responsible for analyzing residential loan documentation to ensure compliance with investor and company guidelines. They assess creditworthiness, verify applicant data, and communicate credit decisions to originators while monitoring for potential fraud.