Mort Loan Underwriter II

Description:

For more information and/or to apply, please visit our career site at:
my100bank.com/careers

GENERAL DESCRIPTION OF POSITION
The Underwriter will be responsible for the underwriting function for residential mortgage loans and related products. The underwriter will have delegated decision-making authority on originated applications within HBI, investor, or agency guidelines or parameters. Additionally the underwriter is responsible for the monitoring of and complying with regulatory compliance on all applications. The underwriter will help to improve customer service by underwriting all loans in a timely manner.

ESSENTIAL DUTIES AND RESPONSIBILITIES
1. Underwrite Conventional, FHA, VA and Rural Development loans, be able to analyze borrowers' credit to determine if the borrower has the capacity and the willingness to repay the loan. This duty is performed daily, about 20% of the time.

2. Underwrite mortgage loan applications and evaluate loans in order to maximize organizational profit and minimize risk or loss. This duty is performed daily, about 20% of the time.

3. Thoroughly examine appraisals to ascertain that the subject property of the loan is adequate security for the loan. This duty is performed daily, about 10% of the time.

4. Confirm that all documents in the underwriting package are in compliance and that all facets of the loan meet application program guidelines for various investors and government programs. This duty is performed daily, about 5% of the time.

5. Provide a second review of another HBI underwriter's denial of a loan application. This duty is performed daily, about 5% of the time.

6. Communicate with loan officers/originators and processors as to current turn times for underwriting, as well as any needed items required for underwriting. This duty is performed daily, about 5% of the time.

7. Serve as a resource to loan officers/originators and processors in resolving problems with mortgage loan files. This duty is performed daily, about 10% of the time.

8. Demonstrates a Team Player personality that ultimately delivers good service to the customer while protecting the Bank with prudent underwriting decisions. This duty is performed daily, about 5% of the time.

9. Refer customers to other bank personnel as needed. This duty is performed daily, about 5% of the time.

10. Perform daily duties on all bank systems and Mortgage operating systems such as DU, DO, LP, Encompass, and Doc Magic if needed. This duty is performed daily, about 5% of the time.

11. Identify any needed training for loan officers/originators and processors. This duty is performed daily, about 5% of the time.

12. Identify Cross selling opportunities. This duty is performed daily, about 5% of the time.

13. Completes required BSA/AML training and other compliance training as assigned. This duty is performed annually.

14. Perform any other related duties as required or assigned.

EDUCATION AND EXPERIENCE
Broad knowledge of such fields as accounting, marketing, business administration, finance, etc. Equivalent to a four year college degree, plus 5 years related experience and/or training, and 3 years related management experience, or equivalent combination of education and experience.

ADDITIONAL INFORMATION
1. In depth knowledge of FNMA, FHLMC, FHA, and secondary market standards regarding credit and property guidelines required
2. Knowledgeable in the underwriting of VA and Rural Development loans
3. Extensive knowledge of all laws and regulations pertaining to mortgage lending function
4. Bachelor's degree and 2-5 years experience OR equivalent 6-10 years experience in mortgage lending
5. Ability to read and understand financial statements, tax returns, property appraisals, and title work
6. Good communication skills, ability to multi-task, and good organization skills
7. Ability to communicate both orally and written in clear and concise manner
8. Ability to prioritize time and files so that closing deadlines can be met
9. Experience with Encompass Anywhere preferred
10. 1+ year experience using personal computers
11. Experience using Microsoft Office Products
12. Proficient telephone and customer service skills
13. Ability to sit for long periods
14. Be able to lift 20 lbs.
15. Ability to multi-task well

WE OFFER:
Competitive Salaries
Paid holidays and vacation
401K Plan
Health Insurance

• Home BancShares, Inc. is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to age, race, color, sex, religion, national origin, disability, veteran status, family or marital status, gender identity or expression, or any other characteristic protected by law.
• EEO/AA/Veteran/Disabled/F/M

For more information and/or to apply, please visit our career site at:
my100bank.com/careers.

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