Mortgage Underwriters - Newark, DE
Bank Of America - Newark, DE

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Underwrites residential loans ensuring compliance with appropriate company and secondary market investor standards. Examines loan documentation for accuracy and completeness. Works with loan originator or production staff to secure all required documents. Works with more senior underwriters on loan exceptions. Have authority to withdraw and decline loans. May be involved in one or several types of mortgage lending (conventional, government-backed, etc..) This job code includes all levels of underwriting authority and exception levels. May respond to individual and investor audits.

Job Posting Description (JPD):
As a Bank of America Mortgage Underwriter you will be responsible for but not limited to the underwriting of residential loans ensuring compliance with appropriate company and secondary market investor standards. A Mortgage Underwriter will be responsible for examining loan documentations for accuracy and completeness while working with loan originator or production staff to secure all required documents. You may be required to work with more senior mortgage underwriters on loan exceptions having the authority to withdraw and decline loans. Mortgage Underwriters may be involved in one or several types of mortgage lending (conventional, government-backed, etc.) You may also be required to respond directly to individual and investor audits. This job code includes all levels of underwriting authority and exception levels.

Qualifications

Required Skills:
Strong analytical skills

Previous Mortgage Underwriter

Strong oral and written communication skills

Excellent interpersonal skills

Must have excellent problem solving skills

Thorough understanding of credit and an ability to review complex financial documents

Ability to assess an individual's creditworthiness while adhering to all regulatory and compliance requirements

Ability to make credit recommendations

Commitment to teamwork

Ability to meet production, quality and service standards along with providing direct coaching and feedback to ensure quality

Self-motivated

Ability to work in a fast-paced, high volume environment, while practicing sound lending judgment

Desired Skills:
FHA and VA underwriting experience with DE and SAR

Bank of America - 20 months ago - save job - block
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Bank of America Corporation is a bank holding company. Through its banking subsidiaries (the Banks) and various non-banking subsidiaries...