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Mortgage Loan Underwriter (Providence Bank & Trust)
Ref No.: 16-07538
Location: South Holland, Illinois
The Underwriter assists in providing quality loans for the Bank by underwriting and evaluating residential mortgage applications according to Bank and investor guidelines. In addition, is responsible for issuing/reviewing loan disclosures, and issuing clear to close.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Analyze and monitor the credit worthiness of the bank's mortgage credit customers.
  • Underwrite first mortgage applications according to Bank and investor guidelines.
  • Underwrite outside lender subordination requests.
Assist in maintaining asset quality by ensuring a complete loan file is produced.
  • Issue initial mortgage disclosures.
  • Review first mortgage signed disclosures and borrower documentation; prepare checklist for Processing.
  • Review for and issue subsequent disclosures as needed.
  • Review first mortgage appraisal and title when received; issue clear-to-close checklist
  • For construction loans, prepare the construction loan closing package and administer future draws.
Contribute to and assist in overall lending operations to ensure the department runs efficiently.
  • Follow up and close out Expired and Denied mortgage files.
POSITION REQUIREMENTS:
  • Education – High school diploma or equivalent (GED); Bachelor's degree in Accounting or Finance preferred
  • Experience – Three (3) to Five (5) years of residential underwriting experience; Knowledge of all federal and state regulations related to lending; Knowledge of lending and underwriting policies and procedures including guidelines issued by secondary market investors (i.e. Client, Freddie Mac, FHA, VA)
Providence Bank & Trust is an Equal Opportunity Employer of women, minorities, protected veterans and individuals with disabilities.
Job Type: Full-time
Required education:
  • Bachelor's
Required experience:
  • Mortgage Underwriting: 3 years
ControlID: 14.234.89 SHR