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Mortgage Loan Underwriter II - Intermediate (Bank of England)
Ref No.: 16-07897
Location: Jacksonville, Florida
Typical business work hours are 8:00 A.M. to 5:00P.M. Monday through Friday, this will depend on time-zone support needed and someover-time may be required. As a Mortgage Underwriter II, you will be expectedto demonstrate a sense of urgency, willingness to work closely with others, andbe part of a team whose primary focus is service to our internal and externalcustomers.

Purpose :
Theposition is responsible for the underwriting of portfolio and secondary marketloans that comply with Bank of England/Bank of England Mortgage loan policy andinvestor guidelines. This position provides administrative support for theResidential Loan Underwriting Department which includes: reviewing mortgagefiles for accuracy and compliance, underwriting and presenting loans to seniormanagement for approval, preparing files for loan closing, reviewing andanalyzing reports, sending internal and intra-company correspondence, inputtingdata, and meeting all scheduling requirements. Other responsibilities include providing working direction to the loanofficers and processors and complying with internal and external guidelines andrequirements. This position isnon-exempt.

Essential Functions/Duties :
Perform loan filereview and underwriting to determine compliance with investor guidelines,underwriting philosophy, policy and procedures. Ensure timeliness, accuracy andproductivity levels established by management.
Review sources ofincome and verifiable income amount in order to ascertain correctdebt-to-income calculation. Assess the overall risk and credit quality of loansbased on transaction type, analysis of income, assets, credit and collateral.
Ability toreview, interpret and analyze loan applicants¿ credit histories, income andassets, tax returns, financial statements, and other complex financialinformation to render a loan decision, and effectively present loans to higherlending authorities.
Reviewdocumentation including flood certification, insurance documentation andproperty tax information to ascertain that correct proposed loan payment amountwas calculated correctly. Use of afinancial calculator.
Thoroughunderstanding of residential real estate appraisal report requirements and theability to review appraisals for accuracy.
Demonstratedability to be flexible and open minded in restructuring a loan to mitigaterisks.
A thoroughunderstanding of FDIC compliance regulations, as related to lending practiceswith a general knowledge of the bank secrecy act, branch security and safetyrequirements and other regulations. Ageneral knowledge of financial principles and concepts to interpret financialreports as it relates to loan underwriting and use of a financial calculator.
Determine if LTV,DTI and other criteria comply with lending parameters of various loan programsand investor requirements.
For loansdeclined, forward file and findings to second reviewer and communicate resultsto Loan Officer. For loans conditionallyapproved, communicate conditions to close to Loan Processor and reviewadditional information once it is provided. For loans approved as submitted,document work and approval and communicate results to Loan Processor. Comply and stayabreast with Bank Secrecy Act rules, regulations, loan program requirements andinvestor requirements that may affect underwriting standards or processes.
Assist in any qualitycontrol audit findings.
Assist as neededwith annual HUD and financial audits.
Other duties asassigned.
Honesty andintegrity in dealing with others and accountability in standing behind yourwork; initiative and self-motivation in serving the client, getting the jobcompleted thoroughly and on time; ability to listen to others and understandtheir needs; confidence in yourself and enthusiasm regarding your service.

Essential Requirements:
High SchoolDiploma or GED equivalent required, some college preferred; BS degree desired.
Minimum three (3)years current Mortgage Underwriting work experience in Underwriting Conformingand/or Non-Conforming real estate loans.
ExcellentProficiency in computer skills with Microsoft Office/Word, Excel, FinancialCalculator and Mortgage Loan Applications/Software) Encompass 360.
Excellentcustomer service skills; written and oral communication skills and ability todemonstrate control, flexibility and maintain quality and high productivitywhen dealing with changing work demand.
Working knowledgeof various fraud tools
Working knowledgeof mortgage insurance (MI) guidelines
Possess stronganalytical and decision making skills.
Ability tomulti-task and operate in a high-volume, fast-paced environment.
FHA, Client, FHLMC &VA experience
Must haveability to establish and maintain effective working relationships with fellowemployees, branch management, corporate management, clients and the generalpublic.
Must be able toperform essential responsibilities with or without reasonable accommodation.

ControlID: 14.234.89 SHR