Real Estate Underwriter
SUMMARYThis position will be responsible for examining, evaluating and underwriting all 1st mortgage applications in order to assess the risk, confirm compliance with guidelines and all regulatory requirements and to render a credit decision.The Real Estate Underwriter will have the authority to approve/deny/counter-offer mortgage loans along with the ability to recommend policy exceptions to Management. This position will be responsible for the review of specific agency AUS application findings and recommend loan decisions that differ from those findings to Management for consideration.S3 has a commitment to excellence and the highest standards of member service. Our values and beliefs are critical to the success and growth of the business and they were all created with a unique cultural foundationESSENTIAL DUTIES AND RESPONSIBILITIESUnderwrite conventional and non-conforming loans to ensure compliance with state and federal regulations, as well as underwriting guidelines for FNMA, FHLMC, MI companies and other InvestorsUnderwrite and evaluate the risk on all residential loans applications daily in accordance with established service and production levels in order to render a prudent lending decisionPerform a careful in depth examination of the appraisal report and collateral for the loan to determine acceptability of the collateral.Order and obtain Mortgage Insurance approval and certificates in accordance with MI guidelinesAdditional job-related projects as assigned by managementWork in collaboration and partnership with other team membersQUALIFICATIONSAssociate's Degree required with a concentration in business or finance or equivalent work experienceA minimum 3 years of experience utilizing DU and LP automated underwriting experience with demonstrated working knowledge of FNMA, FHLMC, and industry guidelines and best practicesStrong knowledge of State and Federal laws pertaining to the mortgage banking industry (ie RESPA, TILA, ECOA, etc.)Strong working knowledge of CO-OP and Condo guidelines and eligibilityProficiency in MS Office (Word, Excel, PowerPoint, Outlook)Ability to analyze and comprehend tax returns for all self-employed personsStrong communication skills, both verbal and written, are necessaryExcellent customer service skills with a high attention to detailPrioritize workload based on department requirements and customer needsStrong analytical skills required with a high degree of accuracyAbility to work flexible hours as neededAbility to multi-task in other areas of the unitAptitude to work independently as well as part of a teamPositive attitude and team-orientedAbility to function in changing environmentSTANDARDS OF PERFORMANCEProfessional representation of S3 Shared Service Solutions, LLC.Job knowledge/timely, accurate and efficient performance.Adherence to S3's policies and procedures.Promotes and ensures the highest level of quality member Service is provided to all members.Confidentiality of all records.Timeliness of meeting regulatory guidelines.Compliance of regulatory requirements.Success in meeting individual, departmental, and corporate goals.A' SUPERVISORY RESPONSIBILTIESA' NoneWORKING CONDITIONSThe work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. A' Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.General office environment with low noise levelsCOMPENSATION AND BENEFITSSalary range is targeted to be in the range of $60,000.00 to $85,000.00 depending on qualifications.Benefits package includes medical/dental/vision insurance, flexible spending accounts, 401(k) plan with fully vested matching, PTO, life insurance, short-term disability, long-term disability, holiday pay, loan discounts, service anniversary bonuses, recognition program, employee referral program, and employee activities.