Mortgage Underwriter I

Cadence Bank Spring, TX
The Mortgage Underwriter I must have a working knowledge of federal, agency and bank mortgage loan policies and guidelines. The Mortgage Underwriter I will review loan application files and analyze credit and collateral to assess risk inherent in second lien lending.

Job Requirements:

* College degree or commensurate experience required

* Minimum three years of mortgage underwriting experience and two years' experience underwriting conventional loans

* Proficient in Microsoft Outlook, Word and Excel

* Effective communication skills, which enable the underwriter to interface with customers in a knowledgeable, professional and efficient manner, are required

* Interpersonal, problem solving, organizational and effective communication skills as well as independent decision making ability are required

Major Job Responsibilities:

* Responsible for underwriting Cadence second lien mortgage loans to the applicable guidelines.

* Review loan application files and analyze credit, income, assets and collateral

* Follow federal, agency, investor and bank policy and guidelines in the loan approval process

* Issue the approval or adverse action and HMDA forms

* Maintain productivity level of the bank service standard

* Remain current on FNMA and FHLMC requirements and industry trends

* Be available to processors and originators for general guideline interpretations and questions

* Communicate decisions on loans to appropriate parties both verbally and in writing via email

* Underwrite loan files within 4 hours of receipt of the complete loan file (no additional documentation required for decision)

* Document all loan conditions clearly -- prior-to-closing conditions and conditions that can be met at closing

* Stay up to date with changes in agency and investor underwriting guidelines

* Loans must be decisioned to Cadence mortgage guidelines

* Input Loan Decision Status in Appro

* Work closely with all mortgage operations staff and Loan Originators

* Perform other duties as assigned by supervisory personnel

* Perform all job functions in compliance with the requirements of Banking Laws and Regulations

The above statements are intended to describe the general nature and level of the work being performed by people assigned to this work. This is not an exhaustive list of all duties and responsibilities. Cadence Management reserves the right to amend and change responsibilities to meet business and organizational needs as necessary. Cadence Bank is an affirmative action/equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, age, status as a protected veteran, among other things, or status as a qualified individual with disability.

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