What are the responsibilities and job description for the MORTGAGE LOAN UNDERWRITER position at Stock Yards Bank and Trust?
Job Description
Job Description
As a Mortgage Loan Underwriter, your day will be filled with opportunities to review mortgage loan credit and appraisal documents to ensure compliance with specific regulatory guidelines. Experience in mortgage loan review and knowledge of underwriting guidelines is essential to function successfully in this position. In addition to the candidate’s experience and knowledge, Stock Yards Bank will provide a professional environment to continually improve the candidate’s skills and to further his / her career goals for advancement within the banking profession.
Responsibilities
Daily responsibilities include, but are not limited to, the following :
- Perform in-depth file analysis and risk assessment by reviewing and interpreting all loan documents, verifying accuracy of information, investigating omissions and discrepancies, researching and resolving all discrepancies to ensure compliance with bank and investor policies.
- Accurately interpret various guidelines (FHA, VA, FNMA, etc.) and make decisions of loan acceptance or denial. Accountable for accuracy of those decisions.
- Research and provide in-depth file analysis of mortgage loans submitted as recommendations for denial in order to render a possible approval decision
- Assist the mortgage loan personnel with interpretation of product guidelines, required loan documents and approval conditions changes
- Provide staff awareness of guideline changes from investors
Job Requirements
The successful candidate will have the following qualifications :
Benefits
Physical Requirements
The physical demands described here are representative of those that must be met by an employee in order to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This position requires sitting the majority of the time with limited walking and standing. All work occurs indoors and within regular working hours. The noise level in the work environment is usually moderate.