Job Description
This position is open as of 3/5/2016.
Underwriter - FNMA FHLMC
Underwriter needed for fast growing well established brand name finance giant!!
Top Reasons to Work with Us
Great pay, excellent benefits and career growth!!
What You Will Be Doing
•Makes an appropriate lending decision to approve, decline, counter offer or suspend home equity and consumer loan applications as necessary, adhering to bank guidelines
•Loan authority in the maximum amounts of; Equities $250k, Personal loans of $5k, Home improvement $10k, Overdraft LOC's $5k, and Auto loans $20k.
• Familiar with all product parameters and underwriting guidelines offered in the Residential and Consumer Lending departments for Cambridge Savings Bank and approved investors.
•Responsible for requiring appropriate level of financial and collateral documentation as required by bank or secondary market guidelines and to support the loan decision being made.
•Analyze and sign off on all required documentation including all credit, income, asset and collateral documentation to ensure the documents are satisfactory and meet applicable guidelines.
• Review loans through applicable automated underwriting systems such as; DU and DO when applicable.
•Update PC Lender to accurately reflect final figures used to qualify the loan and maintain loan tracking system
•Issue and sign all loan commitment letters.
•Present decline files to the Second Review Committee.
•Work with loan analysts, loan officers and branch personnel on discrepancies and problems, ensuring that proper policies and procedures are followed with all home equity and consumer loans.
•Assist in pipeline management, working closely with manager, loan officers and loan analyst, to ensure that all conditions are met prior to closing. Attend pipeline meetings as necessary.
•Assist with coordinating materials for independent audits.
•Establish and maintain effective working relationships with the banks vendors, other bank employees and customers.
•Perform additional duties as required.
What You Need for this Position
•College education preferred.
•Minimum three years' experience in loan underwriting or participation in underwriting process.
•Thorough understanding of underwriting practices and risks.
•Thorough understanding of secondary market guidelines, specifically FNMA or FHLMC.
•Excellent analytical skills are a must, with the ability to analyze documents such as personal and business tax returns, appraisal reports, credit reports, asset statements, purchase and sales agreements, etc.
•Excellent written and oral communication skills, with the ability to clearly support loan decisions being made.
•Strong computer skills required. Familiarity with FNMA's DU or FHLMC's LP, preferred.
•Thorough understanding of federal and local regulations and laws pertaining to lending.
What's In It for You
Great pay, excellent benefits and career growth!!
So, if you are an Underwriter, please apply today!
Required Skills
Loan Underwriting, fnma, fhlmc, fha, DE, Chums, VALAPP
If you are a good fit for the Underwriter - FNMA FHLMC position, and have a background that includes:
Loan Underwriting, fnma, fhlmc, fha, DE, Chums, VALAPP and you are interested in working the following job types:
Finance, Accounting, Banking
Within the following industries:
Banking - Financial Services, Banking - Financial Services, Biotechnology
Our privacy policy: Your resume and information will be kept completely confidential.
Looking forward to receiving your resume through our website and going over the job in more detail with you!
CyberCoders, Inc is proud to be an Equal Opportunity Employer
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, or any other characteristic protected by law.
Your Right to Work – In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification document form upon hire.
Job Requirements
Loan Underwriting, fnma, fhlmc, fha, DE, Chums, VALAPP
