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Mortgage Underwriter

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First Citizens Bank

2021-12-03 08:58:35

Job location Columbia, South Carolina, United States

Job type: fulltime

Job industry: Banking & Financial Services

Job description

Overview Assesses the Bank's financial risk on potential borrowers applying for mortgage loans. Analyzes borrower applications to determine appropriate loan structuring, potential risk, loan eligibility, and makes the decision to accept or reject based on review. Ensures the eligibility of the loan to the selected investor under the specified loan program. Provides support for loan closing activities to clients while protecting the Bank from fraud, misrepresentation, and default. Responsibilities Application Review - Reviews new applications for completeness and inclusion of necessary documentation. Determines eligibility of the loan for the selected product and investor, or more appropriate alternatives. Communicates with the appropriate parties to resolve identified discrepancies. Mortgage Underwriting - Gathers and analyzes information pertaining to the applicant's income, assets, debts, and credit history to determine ability to repay the mortgage loan. Utilizes underwriting results to either approve or decline the loan application. Prepares loan for further review and processing based on recommended action. Loan Support - Assists in the management of a pipeline of active loans. Prioritizes loan actions based on projected closing dates and ensures loans close in a timely manner. Client Support - Provides client support throughout the underwriting process. Utilizes available resources to answer questions and develop alternatives. Remains abreast of investor loan programs, guidelines, policies and procedures to better assist clients. Qualifications Basic Qualifications: Bachelor's degree and 1 year of experience in mortgage loan underwriting. -OR- High school diploma or GED and 5 years of experience in mortgage loan underwriting.

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