[Hiring] Underwriter III @Clayton

Role Description

The Underwriter III reviews and evaluates conventional, FHA, VA, and specialty product loans to determine credit worthiness of the borrower, assess risk to the Company, and ensure compliance with federal, state, and Company lending guidelines and regulations. This role is responsible for providing consistency in credit quality and decisions, process flow, and customer service (both internal and external) when determining mortgage loan approval.

Job Functions

• Loan File Review:
  • Ensures conventional, FHA, VA, and specialty product loans are compliant and eligible in the secondary market by completing a full credit and risk analysis of the loan file.
  • Consistently exceeds volume metric of two initial submissions per day with an average of ten loan files per week.
• Credit Analysis:
  • Reviews the borrower’s credit history to assess their credit worthiness and ability to repay.
• Asset & Debt Evaluation:
  • Verifies borrower’s assets to ensure sufficient funds.
  • Checks for existing debt and/or loans that may impact repayment.
  • Confirms borrower’s income and certifies income calculations.
• Collateral Review:
  • Reviews title reports to confirm legal ownership, as well as any liens or encumbrances on the property.
  • Reviews the appraisal to evaluate the condition of the property being financed.
• Risk Assessment:
  • Uses automated underwriting systems for initial risk scoring.
  • Performs manual underwriting for complex cases and analyzing compensation factors.
  • Manages risk and prevents fraud in the lending process.
• Loan Program and Compliance Check:
  • Confirms loan meets lender & regulatory guidelines.
  • Ensures compliance with federal & state lending laws.
  • Reviews all documentation in the file to ensure it meets applicable agency or investor guidelines.
• Loan Approval:
  • Issues a conditional approval if additional documentation or explanation is required.
  • Documents underwriting decisions in the Loan Operating System.
  • Communicates with Loan Originators, Processors, and Closers that loan is CTC (Clear to Close).
• Administration & Communication:
  • Works with Loan Originators, Processors, borrowers, and other stakeholders to answer and/or clarify any questions or concerns.
  • Assists with internal/external audit requests.
  • Stays abreast of current trends in the mortgage industry.

Qualifications

• High school diploma or equivalent required; college degree preferred.
• Minimum of 5 years’ experience underwriting conventional, FHA, and VA mortgage loans.
• Licenses/Certifications: Direct Endorsement (DE); Staff Appraisal Reviewer/Lender Appraisal Processing Program (SAR/LAPP), VA Credit Authority.

Requirements

• Excellent understanding of investor, agency and government guidelines and systems.
• Excellent written and verbal communication skills along with solid computer skills.
• Analytical thinker and consultative mind to support both team members and managers.
• Goal-oriented, self-motivated with the capacity to meet and exceed assigned goals.
• Willing to learn, industrious, determined, and assertive.
• Excellent organizational skills and the ability to multitask.
• Strong people skills with ability to interact with all internal teams and external customers.
• Must be able to maintain sensitive and confidential information.
• Diligence to ensure tasks are completed thoroughly and on time.

Benefits

• We are a people first organization that was voted a top place to work by the Atlanta Journal and Constitution and the Financial Services Industry.
• We believe in giving back and we do so through The Silverton Foundation.
• Our strong communication skills drive customer satisfaction.
• We offer extensive product lines and maintain an in-house loan process that offers a competitive edge.
• We have fun!