Job Overview: The Retail Underwriter Officer will guarantee that all loan application packages, through thorough analysis, contain the appropriate information and documentation that is necessary to satisfy the requirements of Bank guidelines, Fannie Mae or Freddie Mac. This employee will provide an approval or rejection of the loan application based on an informed underwriting decision using the above guidelines. Principle Activities and Duties: •Complete a detailed analysis of an appraisal report and loan file to insure the standards necessary to conform to the underwriting guidelines listed above. •Accurately determine the borrower’s ability and willingness to repay the debt. •Document the system either for approval or rejection outside of standard underwriting procedures. •Respond accurately to underwriting questions from loan originators or correspondents to insure that consistent policy and procedures are followed as prescribed by the bank. •Instruct other employees of new procedures or the review of existing procedures. •Review loan packages after initial processing step is complete to identify critical areas that could adversely affect the probability of loan approval. Provide the appropriate follow up in these areas. •Maintain complete awareness of quality customer service through effective communication and by presenting the Bank in a positive, professional, and courteous manner
Qualifications: •Minimum five years Underwriting experience required, to include familiarity with Fannie Mae, Freddie Mac and FHA guidelines. •Thorough knowledge of Fannie Mae, Freddie Mac and FHA guidelines and closing procedures. VA experience is preferred. •FHA Direct Endorsement required. •High School Diploma/GED required. College Degree preferred. •Demonstrated ability and desire to provide high quality customer service. •Demonstrated ability to communicate effectively both orally and in writing. •Proven analytical skills. •Must have proficient computer skills and the ability to learn Dollar Bank’s software packages. •Must be well versed in using Desktop Underwriter and Loan Prospector underwriting systems. •Must be detail oriented, organized and work efficiently under pressure. •Be able to adapt to change. •Must be able to work independently.
Full-time employees are eligible for a comprehensive benefits package including medical, dental, vision, 401(k) with immediate vesting, tuition reimbursement, and gym membership reimbursement.
Part-time employees qualify for 401(k) with immediate vesting, tuition reimbursement, and gym reimbursement.