Mortgage Loan Underwriter - Loan Underwriter - Mortgage - (Omaha) in Omaha, Nebraska For Sale
Mortgage Loan Underwriter - Loan Underwriter - Mortgage The incumbent, acting as an alternate member of the Credit Committee, underwrites conventional and FHA/VA loans in accordance with investor guidelines. General - Mortgage Loan Underwriter - Loan Underwriter - Mortgage The incumbent underwrites conventional and VA loans in accordance with investor guidelines including the secondary market. The senior underwriter responds to audits and performs QC on mortgage files. Incumbents of this position acts as a mortgage loan originator (MLO) as defined in the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act). Essential Duties - Mortgage Loan Underwriter - Loan Underwriter - Mortgage Completes a thorough analysis of loan files to determine compliance with PFCU, investor and VA guidelines. Trains staff on regulations and compliance requirements Evaluates the entire credit package and collateral for residential mortgage loans and ultimately ensures an investment quality loan product and creditworthiness of the borrowers and acceptability of the collateral. Identifies potential quality loans to be held in portfolio if secondary market guidelines can not be met Verifies the accuracy of all calculations Recommends the loan disposition, for loan amounts in excess of authority limitations, to Manager Maintains a working knowledge of secondary market underwriting guidelines, private investor and private mortgage insurance guidelines Assists with maintaining PenFeds compliance with all applicable federal, state and local laws, regulations and ordinances by abiding by PenFed compliance program and all policies, procedures, rules and regulations Assists in the development of underwriting standards Assists mortgage loan consultants in qualifying loans Provides assistance to processors, giving general guideline interpretations and answering questions on specific loan files Responds to post closing review and audits in a timely fashion This is not intended be an all-inclusive list of job duties
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