Mortgage Loan Underwriter

Company: German American Bancorp
Location: Evansville
Posted on: August 31, 2020

Job Description:

Job Description:

Job Title: 614 FT Mortgage Loan Underwriter - Flexible Location/Work from Home About Us: German American Bancorp and its family of financial services companies employ talented, compassionate people throughout the organization, truly making German American special. Delivering genuine, customized, personal service with a focus on truly serving customers and communities well, our employees bring the Shield of Excellence commitment to life with each and every interaction. SUMMARY OF DUTIES: Major responsibilities include the underwriting of mortgage loan files based upon bank or investor guidelines and through loan closing. Bancorp expert on all underwriting rules and guidelines, to include those established by Freddie Mac. PRIMARY RESPONSIBILITIES AND JOB FUNCTIONS: * Review, verify, analyze and approve loan documentation on mortgage loans submitted; review and approve appraisals and property record searches, within lending authority limits. * Thoroughly conduct all appropriate steps to approve, or recommend approval, for mortgage loans within given level of authority and provide reasoning for all decisions and detailed criteria for conditions on loan decisions. * Actively maintain thorough working knowledge of secondary market and other necessary underwriting guidelines and requirements; maintain complete knowledge of all real estate related loan products and awareness of changes in guidelines and requirements for secondary market and Bank's portfolio transactions. * Deliver complete and accurate loan files in preparation for closing; review withdrawn/denied files to ensure accuracy of system for reporting purposes. * Make appropriate recommendations for policy and procedural changes based on experience and knowledge; communicate approved changes to internal policy and procedures; communicate changes to guidelines of secondary market to other personnel. * Make recommendations for alternate loan structuring to lenders when appropriate. * Review Flood Determination approvals/exceptions. * Provide underwriting support to regions as needed and back-up support in loan operations as requested. * Maintain a broad knowledge and thorough understanding of Federal regulations, policies and procedures and the regulatory framework in which the bank operates as well as current lending/closing trends, underwriting requirements and new loan programs. * Provides training on mortgage underwriting standards to Mortgage Loan Originators, Mortgage Processors, other Mortgage Underwriters, and other staff members as needed. * Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the lender's compliance with all regulatory requirements, Equal Credit Opportunity Act, HMDA, etc. Responsible for adhering to compliance laws, regulations, and established Bank policies and procedures, including Bank Secrecy Act and Anti-Money Laundering. * Performs tasks which are supportive in nature to the essential functions of the job, but which may be altered or re-designed depending upon individual circumstances. REQUIREMENTS * Mortgage processing and/or underwriting experience required * Strong organizational skills to prioritize workload to minimize the days from application to closing. * Ability to work independently and also to cooperate as a team member. * Must possess computer skills, including a working knowledge of Word, Excel and Windows, strong risk assessment skills, flexibility and decision-making ability and be able to work with minimal supervision. * Polished communication and professional leadership skills with continual emphasis on quality customer service are necessary for success. This position will be located at: Flexible Location - You may work remotely from home or one of the following locations: Evansville, IN Owensboro, KY Jasper, IN

Keywords: German American Bancorp, Evansville , Mortgage Loan Underwriter, Other , Evansville, Indiana