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Mortgage Underwriter (First Busey Corporation)
Ref No.: 16-08054
Location: Creve Coeur, Missouri
Duties/Responsibilities
¿ Analyze initial loan package submitted from the Mortgage Loan Coordinator.
¿ Identify additional information and documentation that may be needed tocomplete the file.
¿ Calculate monthly income and debt, income to debt ratios, loan-to-valueratios, and sufficient funds to close with appropriate reserves.
¿ Analyze final loan package to ensure compliance with secondary marketrequirements.
¿ Update LOS with verified data and ensure data integrity in the loanfile. Perform the final scoring throughthe appropriate Automated Underwriting System (AUS) (ex: LP.DU/Total Scorecard).
¿ Answer mortgage questions relating to secondary market guidelines.
¿ Provide assistance to the LOS regarding alternative solutions to make theloan salable.
¿ Notify all parties involved in the transaction of loan approval throughissuance of commitment letter and Realtor/Attorney notice. Notify all parties involved in the approvalof the mortgage files when pertinent information has been changed.
¿ Assist in correcting QC audit findings as needed.

Education
¿ Requires High School diploma.
¿ Requires 2 or more years of related banking experience.
¿ Requires active participation in the processing and underwriting ofgovernment loans.
¿ Requires knowledge of Microsoft Office.

Qualifications

Knowledge of:
¿ Strong oral and written communication skills
¿ Regulatory compliance requirements
¿ Strong organizational skills
¿ Strong mathematical skills

Ability to:
¿ Maintain confidentiality of customer information
¿ Accurately prepare and process appropriate loan information according to ¿InSystem¿ timeline at the rate of four to five underwriting decisions per day
¿ Proactively manage pipeline so that underwriting decisions are made within 48hours of receipt of the file
¿ Work with a wide variety of people
¿ Perform duties under frequent time pressures
¿ Solve problems independently while applying logic and discretion

EOE of Minorities/Females/Vets/Disability

ControlID: 14.234.89 SHR