Mortgage Loan Specialist Junior Underwriter

Job Description

Job Description

Summary:

Provides support and works as a mortgage loan processor in the residential mortgage department processing loans from initial application to underwriting to loan closing. Assists Residential Mortgage Underwriter (RMU) in reviewing, verifying, validating and clearing all loan application data information. Assists mortgage lending team in increasing mortgage loan portfolio by supporting the Mortgage Lending Officers and RMU in completing mortgage loan responsibilities, working loan pipeline, and working with the mortgage customers to fulfill the mortgage loan application document requirements. Responsible for assisting in all mortgage loan portfolio markets, specifically: Muskingum County, Licking County, Guernsey County, and surrounding markets

Essential Duties and Responsibilities: include the following. Other duties may be assigned.

• Assists residential mortgage loan department with the accumulation of all required mortgage loan documentation pre and post closing needs.
• Answers mortgage loan questions as needed.
• Provides support for all employees in the residential mortgage loan processing department including back up roles for construction loan draws, vacation coverage, reports, loan file stacking, etc.
• Works with the Residential Mortgage Underwriter (RMU) to examine, evaluate, authorize, and recommend approval of customer mortgage loan applications for residential real estate loans.
• Assists in confirming mortgage loan worthiness by examining application and supporting documentation; reviews credit-worthiness; calculates repayment risk and other aspects of the underwriting and loan approval process.
• Completes residential mortgage loans by monitoring collection, verification, and preparation of mortgage loan documentation; schedules and completes mortgage loan closing documentation, clearing loan conditions along with other facets of the mortgage loan process.
• Handles all functions in processing a residential mortgage or residential 2nd mortgage including but not limited to ordering services (title, appraisal, flood, etc.), prepares early disclosure documents, prepares closing disclosures, obtaining Homeowner insurances, etc.
• Protects Company image by keeping mortgage loan information confidential, and following the strict industry compliance laws.
• Works with RMU and the System Administrator to maximize the Loan Origination System (LOS) software capabilities.
• Becomes a LOS expert and suggests adds, modifications, and changes to the LOS as needed.
• Acts as back up underwriter to RMU for all residential mortgage loan applications.
• Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
• Accomplishes Company mission by completing related results as needed.
• Follows and supports the Company’s policies and procedures accurately.
• Positively represents the Company’s culture and values.
• Achieves annual goals as assigned.
• Completes Company’s online education requirements courses as assigned.

Supervisory Responsibilities

This job has no supervisory responsibilities.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education, Training and/or Experience

Associate's degree (A. A.) or equivalent from two-year college or technical school; or two to three years related experience and/or training; or equivalent combination of education and experience.

Language Skills

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from managers, customers, and employees.

Mathematical Skills

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, and percentages. Ability to apply concepts of basic algebra.

Reasoning Ability

Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.

Certifications, Licenses, Registrations

Ohio NMLS License

Valid Ohio Driver’s License

Licensed Notary Public – Ohio (Recommended)

Ohio Limited Lines Insurance License

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit and talk or hear. The employee frequently is required to use hands to finger, handle, or feel. The employee is occasionally required to stand; walk; reach with hands and arms; and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.