Correspondent Loan Underwriter

Company: First National Bank of America
Location: East Lansing
Posted on: June 18, 2022

Job Description:

Overview:At First National Bank of America, we're unusual in the way that we do business, meaning that no one else in the industry does what we do. FNBA is a niche lender, and we seek markets where there are fewer competitors with higher rewards. FNBA provides a full suite of consumer and business deposit services and products, specializing as a nationwide leader in the non-QM mortgage segment.
Here at FNBA, we set out to be an exceptional bank and practice the culture, "Work hard, have fun and prosper" while consistently making effective decisions surrounding our products, our people and our services so that we can provide an exceptional experience for our customers, in a way that adds value to everyone. If working with a fast paced, team-oriented environment and building on your current skill-set is something you desire, and you possess the skills and talents described, we welcome you to apply to join the First National family!
As a Correspondent Loan Underwriter, you will work closely with our sales team and loan coordinator to ensure compliance with bank guidelines for credit quality standards and rendering final approvals accordingly.Responsibilities:

• Examine loan disclosures and documentation for accuracy and completeness and work with loan origination partner and lender processing staff to secure all required documents needed to process the loan.
• Reviews and clears all conditions of loan approval.
• Stays current with industry requirements and standards through various training opportunities, as well as current loan products.
• Reviews and evaluates information on mortgage loan application to ensure accuracy and completeness, validate findings to determine that all information matches.
• Review income documents and partner applications for accuracy.
• Meet all departmental goals for productivity, quality, and turnaround time.
• Remain up to date and knowledgeable on all of FNBA's policies and procedures.Qualifications:
  • Mortgage industry experience
  • Strong understanding of Bank and Regulatory guidelines
  • Demonstrates experience in federal consumer lending regulations (TILA, RESPA, HMDA, ECOA, and other protection laws and regulations)
  • Knowledge of different income sources
  • Encompass Loan Origination System preferred
  • Understanding of the various documentation types and loan programs
  • Ability to work independently, but interact in team-oriented environment
  • Self-motivated with ability to work in a fast paced operations center while practicing sound lending judgment
  • Communicate effectively in written and verbal formsInterpersonal Skills
    • Courtesy, customer service, and tact are essential elements of the job. Work involves much personal contact with others inside the organization for purposes of giving or obtaining information, building relationships, or soliciting cooperation.Work Environment
      • Position will operate in a busy office environment. The ability to multitask and focus in this environment is essential.Employee benefits
        • Medical - Multiple plans to choose from including HSA and traditional. Premiums as low as $0.00
        • Dental - Premiums as low as $0.00
        • Vision - Low premium Plan
        • Paid Time Off (PTO)
        • 401k with employer match
        • Adjustable desks that can be raised or lowered to sit or standFirst National Bank of America recognizes that the quality of our people is the foundation for our success. Attracting exceptional individuals who value a challenging work environment that rewards the contributions of its people is the cornerstone of our hiring philosophy.Job Type: Full-Time
          Location: East Lansing, MINote: These statements are intended to describe the general nature and level of work involved for this job. It is not an exhaustive list of all responsibilities, duties, and skills required for this job.First National Bank of America is an Equal Opportunity Employer

Keywords: First National Bank of America, East Lansing , Correspondent Loan Underwriter, Other , East Lansing, Michigan