Real Estate Loan Underwriter
AAA (The Auto Club Group) - Omaha, NE

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AAA Bank Nebraska, a division of AAA, has brought full-service retail banking to Omaha! The first AAA Bank in the nation, AAA Bank Nebraska, is expanding rapidly. We are currently hiring for a Real Estate Loan Underwriter: Underwrites various types of secondary market loans. Provides input into operational initiatives, benchmarks and metrics to meet department objectives. Serves as the subject matter expert in mortgage and maintains a strong working knowledge of Fannie Mae, Freddie Mac, FHA, VA and USDA guidelines and specific investor overlays.. Responsible for reviewing, analyzing and auditing mortgage loans for accuracy following company guidelines.. Analyzes cash flow and financial condition of the borrower (i.e.; financial statements, credit reports, applicable rations, etc.) to assist in making appropriate decisions. Utilizes manual and automated underwriting methods to determine appropriate course of action. Reviews property appraisals to ensure they meet all secondary market guidelines (i.e. Fannie Mae, Freddie Mac, FHA, VA and USDA. Ensures integrity of all state and federal regulations affecting the underwriting and issuance of mortgage credit to borrowers. Approves loans up to lending authority and reviews and signs off secondary market loan denials. Provides input for development and revision of department procedures related to processing mortgage loans.
Extensive experience in/with: residential mortgage lending of first mortgages sold in the secondary market underwriting all types of loans in the secondary market conventional, FHA, VA and USDA loans ] resolution of title and other underwriting issues analysis of technical issues and complex data to develop sound conclusions PC software applications including Word and Excel Automated Underwriting and Loan Origination Systems Knowledge of: mortgage loan products, services, pricing, tax and regulatory issues complex math concepts to support analytical work FCRA, ECOA and other federal/state regulations regarding the extension of credit Ability to: assist with the development, implementation and modification of a business plan allowing for the origination and sale of first mortgage loans in the secondary market assist senior staff and management in building a growing mortgage loan operation display sound negotiation skills and good business judgment when working with applicant and outside lien holders to clear underwriting and title issues underwrite portfolio residential mortgage as well as consumer loans adhere to and provide input for mortgage loan processing procedures provide direction to and/or assist in the development/training of support/processing staff if/when warranted work effectively with applicants, appraisal/title vendors and other lien holder to resolve underwriting issues

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About this company
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The Auto Club Group, the second largest affiliation of the AAA clubs, offers insurance, travel, financial services to more than 8.4 million...