Mortgage Loan Underwriter

Description

Full Time

In Person Role

Summary of Duties

Bank of Ann Arbor is seeking an experienced, detail-oriented and motivated Mortgage Loan Processor. The ideal candidate will be responsible for reviewing loan applications for completeness and preparing loans for submission to underwriting. Daily tasks include making Welcome Calls, communicating loan approval conditions with applicants in order to obtain necessary documentation, sending files to underwriting, and managing timelines to ensure loan closes efficiently and timely.

Essential Functions

• Loan product knowledge, familiar with FHA, VA and CONV guidelines
• Ability to self-manage a pipeline of 25-30+ loans per month, from submitted to underwriting to closed/funded
• Reviews underwriting findings, submits items requested to clear conditions; reviews closing conditions upon receipt of Notice of Loan Approvals and coordinates with Loan Officer to ensure all conditions are cleared.
• Reviews file for completeness, to include: receipt of payoff and insurance information, verifies all conditions have been cleared, title requirements have been met; reviews rate expiration dates to ensure adequate processing time.
• Updates pipeline and enters tracking data in Encompass to track and follow-up on files submitted to underwriting; including dates of contact to ensure that loans are decisioned in a timely manner.
• Processes and orders all necessary application and closing documents including but not limited to: payoff information, survey, insurance, condominium questionnaires, subordination requests, flood certification, verifications of employment/assets and completes title commitment review, and coordinates with loan officer to ensure accuracy.
• Completes “Change of Circumstance” documents as necessary when requested
• Coordinates closing schedule with loan officer; notes the closing date on calendar.
• Assumes additional duties as required.

Requirements

Position Requirements

1. High school diploma or equivalent, with relevant college courses or seminars in mortgage processing, accounting, underwriting and customer service.
2. Minimum of 5 years previous mortgage processing and/or supervisory experience.
3. Excellent customer service skills, with the ability to effectively communicate with bank staff, customers and other parties.
4. Must possess the ability to handle multiple tasks, pay attention to detail and be well organized.

Physical Demands and Work Environment:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.

While performing the duties of this position, the employee is regularly required to talk or hear. The employee frequently is required to use hands or finger, handle, or feel objects, tools or controls. The employee is occasionally required to stand; walk; sit; reach with hands and arms; climb or balance; and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this position include close vision, distance vision, color vision, peripheral vision, and the ability to adjust focus. The noise level in the work environment is usually moderate.