The Fidelity Bank · 2 weeks ago
Mortgage Underwriter
Cary, NC
Full-time
Onsite
Mid Level
4+ years expThe Fidelity Bank is seeking a Mortgage Underwriter to ensure loans meet company standards for sale to the secondary market. The role involves analyzing risks related to transactions, borrowers, and properties to make informed loan decisions.
BankingFinancial Services
Responsibilities
Reviews all items and conditions provided by borrowers and ensures they meet the required guidelines by utilizing internal and external (e.g., agency) policies and procedures [e.g., automated underwriting systems such as DU or LPA]
Reviews applications and all pertinent disclosures to ensure compliance with all Federal, State and investor requirements are met and upheld
Monitors property appraisal process to ensure value of property is accurately presented
Analyzes documentation such as credit, income, assets, and appraisals to make sound underwriting decisions based on this analysis by using internal checklist
Analyzes loan applications to identify any risk issues and/or potential misrepresentation
Reviews documentation and ensures documents are properly classified and organized
Makes quality underwriting decisions while maintaining Company turn-time expectations
Reviews and clears conditions on all loans to ensure a complete loan package prior to closing
Have the ability to rework loans to new terms, and identify additional conditions as needed
Ability to work in a fast-paced, high-volume environment, while practicing sound lending judgment
Qualification
Required
Bachelor's degree with 4 years of experience in mortgage underwriting or an equivalent combination of education and experience
Must have an active DE CHUMS and SAR number
Must be familiar with all investor guidelines
Working experience with DU, LP and GUS underwriting systems
Extensive knowledge of residential appraisal deficiencies according to USPAP
Experience with FHA/VA new-construction documentation, and condominium project approval requirements
Experience handling multiple investors
Possess excellent communication and organizational skills
Company
The Fidelity Bank
The Fidelity Bank is a bank that offers a savings account, mortgage loan, and investment services.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Mary Willis
President & Chief Executive Officer
Leigh Frazier
Group Vice President, Chief Operating Officer
Recent News
Charlotte Business Journal
2025-01-04
Company data provided by crunchbase