Mortgage Loan Underwriter

Job description

Overview The Mortgage Loan Underwriter is responsible for evaluating and underwriting residential mortgage loan applications in accordance with the Bank’s established policies and procedures. This role independently assesses borrower risk, renders underwriting decisions within delegated lending authority and ensures loan files are complete, accurate, and well documented to support safe and responsible lending. Responsibilities: - Review and evaluate residential mortgage loan applications to determine eligibility, appropriate funding sources and applicable loan programs. - Perform comprehensive analyses of borrower income for all borrower types, including review of complex tax returns and financial statements, completion of required income calculation worksheets, and evaluation of multiple and varied sources of funds. - Establish borrower creditworthiness through analysis of credit, capacity and collateral. - Review loan packages for accuracy and completeness, and request additional documentation or clarification as needed. - Partner with Mortgage Loan Originators (“MLOs”) and loan processors to resolve documentation issues, clarify underwriting conditions, and facilitate timely und...