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TowneBank · 4 weeks ago

Collateral Mortgage Underwriter

Norfolk, Virginia, United States

Full-time

Onsite

Entry, Mid Level

2+ years exp

TowneBank is committed to providing a personalized mortgage experience, and they are seeking a Collateral Mortgage Underwriter to review residential real estate appraisals and ensure compliance with regulatory guidelines. The role involves mentoring processors, supporting originators, and completing necessary forms to comply with various requirements.

Banking

Responsibilities

Review residential real estate appraisals to determine sufficient value is established to secure associated mortgage loans

Review appraisal reports to determine compliance with all agency and regulatory guidelines as well as investor overlays and TowneBank requirements

Review condominium and PUD project documentation to determine compliance with agency and investor requirements for approving and certifying lender representations and warranties

Complete all necessary forms to comply with regulatory, investor, bank and agency guidelines

Record appropriate data and status into processing system

Mentor and support processors

Support Originators as a resource for questions

Other duties as needed

Obey all applicable federal laws, rules, and regulations relating to Anti-Money Laundering (AML) including the Bank Secrecy Act (BSA)

Qualification

Collateral underwriting experienceConventional guidelines knowledgeFHA guidelines knowledgeVA guidelines knowledgeUSDA guidelines knowledgeAppraisal review experienceCondo/PUD review experienceOrganizedJuggling prioritiesVA SAR authorityFHA DE authorityDetail-oriented