Senior Direct Endorsement Residential Underwriter
About the role
IN0534 Fishers, OH0523 Independence Bus Office, OH0713 NW Bancshares HQ, PA0186 Mount Joy, PA0258 Bellevue, PA0736 Administration Center
Job Description
Overview
The Sr Direct Endorsement Residential Underwriter is responsible to perform residential loan underwriting activities related to loan request with the goal of achieving the optimal outcome for Northwest and the customer.
Essential Functions
Communicate with customers, realtors, title companies, attorneys, and settlement agents to schedule closings, respond to inquiries, resolve issues, and obtain any documentation required to complete the loan file
Interact with Mortgage Loan Originators, Loan Production Assistants and other team members on a daily basis to resolve questions/issues, and ensure timely underwriting of loan files
Manage a pipeline of working loan files to ensure loans are underwritten in a timely manner
Maintain current knowledge of mortgage loan programs, procedures, and guidelines
Use Northwest’s loan origination systems and agency automated underwriting systems (Freddie Mac – Loan Product Advisor, USDA Guaranteed Underwriting System) to underwrite residential mortgage loans
Review and analyze documentation submitted and used in underwriting decisions for accuracy and completeness
Ensure data relating to the underwriting of loans in accurate and complete in the loan origination system
Review and analyze appraisal reports and title commitments to verify sufficient collateral and proper lien position to secure loans
Maintain loan approval authority for all residential mortgage loan products offered by Northwest (conventional, portfolio, FHA, VA, USDA) Checking accuracy of all calculations
Recommend improvements to procedures
Manage personal workload/workflow
Meet turnaround/production goals
Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations
Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency
Work as part of a team
Work with on-site equipment
Ensure adherence to appropriate investor guidelines and industry standards
Qualifications
Bachelor's Degree preferred
3 - 5 years experience as DE Underwriter preferred
5 - 6 years experience underwriting conventional loans, 3 years’ experience underwriting VA and USDA Rural Housing Loans preferred
Working knowledge of residential mortgage loan products
Working knowledge of Ellie Mae – Encompass loan origination software, Freddie Mac – Loan Product Advisor, USDA – Guaranteed Underwriting System (GUS), FHA Connection preferred
Strong analytical and mathematical skills with the ability to define and solve problems, establish facts and make well-reasoned decisions
Excellent verbal and written communication skills with the ability to work closely with other team members is needed
Proficient organizational and multi-tasking skills with attention to detail, accuracy, and thoroughness a plus
The ability to work independently in a fast-paced high production environment under time constraints and to work collaboratively in a team environment managing multiple deadlines and priorities preferred
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