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First Reliance Bank · 1 day ago

Senior Mortgage Underwriter - Columbia, SC or Remote

United States

Full-time

Remote

Mid, Senior Level

3+ years exp

First Reliance Bank is seeking a Senior Mortgage Underwriter to underwrite mortgage loan applications and evaluate loans to maximize profit while minimizing risk. The role involves ensuring compliance with lending regulations, providing training to staff, and managing underwriting procedures.

BankingFinancial ServicesMortgage

Responsibilities

Respond to investor repurchase and quality review requests

Support loan shipping process to clear underwriting purchase issues

Underwrite residential loans while ensuring compliance with appropriate company and secondary market investor standards as well as compliance with lending regulations

Render underwriting decisions and subsequent clearing conditions to ensure credit and investor guidelines are met

Evaluate and examine transactions to ensure accuracy and completeness

Contact customers and partners to gather information to make appropriate decisions

Proactively communicate the decisions to the Residential Lending Specialists and Community Bank Partners with an explanation behind credit decision

Serve as a resource to Residential Mortgage personnel on underwriting questions and provide training for investor, underwriting and compliance related issues

Recommends modifications to underwriting procedures

Provide training as needed to Residential Lending Specialists and Community Bank Partners as requested by Channel Manager

Prepare formal reports for review

Provide feedback on new investor candidates as it relates to underwriting guidelines and delivery procedures

Coordinate third party quality control of mortgage loans and evaluate reports providing feedback concerning closed loan quality and process improvements

Ensure that contractors are trained on investor specific eligibility requirements and guidelines

Negotiate with third party service providers and manage contracts

Implement fraud detection techniques and other evaluation tools to mitigate mortgage lending risk

Performing compliance reviews and comply with regulatory requirements

Respond to individual and investor audits

Coordinate HMDA reporting and evaluation