Residential Loan Underwriter

Jul 13 2018
Finance Factors, Ltd. |Honolulu|Full Time
Job Description
 
This position is primarily responsible for the underwriting of portfolio and secondary market loans that comply with Finance Factors, Ltd.’s loan policy and investor guidelines. The position provides administrative support for the Residential Loan Underwriting Department which includes: reviewing mortgage files for accuracy and compliance, underwriting and presenting loans to senior management for approval, preparing files for loan closing, reviewing and analyzing reports, sending internal and intra-company correspondence, inputting data, and meeting all scheduling requirements.   Other responsibilities include providing working direction to the loan officers and processors and complying with internal and external guidelines and requirements.  Also responsible for the coordination and communication with branches and other departments on lending and other matters pertaining to the Residential Loan Underwriting Department.
 
Minimum Qualification Requirements:
  • 2 years experience in underwriting Conforming and/or Non-Conforming real estate loans.
  • Working knowledge of secondary market, nonconforming and correspondent/brokered loan products  and underwriting guidelines.
  • Ability to review, interpret and analyze loan applicants’ credit histories, income and assets, tax returns, financial statements, and other complex financial information to render a loan decision, and effectively present loans to higher lending authorities.
  • Thorough understanding of residential real estate appraisal report requirements and the ability to review appraisals for accuracy.
  • Demonstrated ability to be flexible and open minded in restructuring a loan to mitigate risks.    
  • Excellent computer skills, proficiency with word processing and spreadsheet programs and a working knowledge of automated systems used in loan underwriting.
  • A thorough understanding of FDIC compliance regulations, as related to lending practices.
  • General knowledge of the bank secrecy act, branch security and safety requirements and other regulations A general knowledge of financial principles and concepts to interpret financial reports as it relates to loan underwriting; use of a financial calculator.
  • Must be able to efficiently multi-task and work with minimal supervision.
  • Able to support multiple departments and respond to directives from different supervisors.
  • Must be able to compose professional correspondence in English  and possess oral communication skills to deliver clear, concise, and effective oral reports and presentations.
  • Excellent interpersonal skills with the ability to influence action through follow up.
Equal Opportunity/Affirmative Action Employer.  Member FDIC.