Mortgage Loan Underwriter

Responsible for performing a variety of duties relating to the processing and approval of Mortgage and Retail Loans and performing analyses related to ongoing projects and initiatives in the Retail Lending Division. 

GENERAL DUTIES AND RESPONSIBILITIES:

1.       Underwrite mortgage/consumer loans while ensuring compliance with all retail lending regulations, FHLMC standards, and QNB Retail Lending Policy.

2.       Ensuring that Consumer and Mortgage loans are reviewed for accuracy and completeness prior to approval.

3.       Assist in conforming all loan files, secure missing documentation and complete underwriting documents for saleable mortgages, subject to final approval.

4.       Keep informed on all changes in regulations and policies regarding consumer and residential mortgage lending, including FHLMC and FHLB requirements.

5.       Operate FHLMC automated underwriting system (Loan Prospector) to obtain all necessary components necessary for processing and underwriting.

6.       Ensure that all mortgage files are complete and conform to GSE and Portfolio credit standards. Secure missing documentation and complete underwriting documents for both saleable mortgages and portfolio mortgages, subject to final approval by the GSE or QNB.

7.       Examine the title commitment report for irregularities. If further action is necessary, take the appropriate steps to expedite closure of the transaction.   Review report with Retail Lending Manager for final acceptance.

8.       When necessary, responsible for the review, evaluation, and approval of retail loans within individual lending parameters as set by policy.

9.       Preparation of loan documentation for mortgage and retail loans through the Meridian Mortgage and IDS software systems to include the review of documents prepared by staff members to ensure accuracy.

10.   Learn various borrowing programs and processes and stay current with changes and new products, new methods and procedures.

11.   Prepare and review HMDA and CRA reporting and to include system input, report maintenance, and comparing for accuracy prior to submission to FDIC.

12.   Assist in establishing a strong market presence for QNB Bank, including but not limited to, developing relationships with realtors, builders, financial service providers, and community groups. 

13.   Attend various community events to raise referral awareness for QNB’s lending products and services.

14.   Ensure compliance with Federal, State, and local laws.

15.   Responsible for positive communication with customer and all other departments of QNB by using Q2 skills.

REQUIRED TRAINING, EXPERIENCE AND EDUCATION:

 1.       College or equivalent level courses in business, banking or related areas of equivalent job-related experience.

 2.       Must be able to maintain high level of accuracy.

 3.       Working knowledge of TRID/ RESPA, Reg Z, ECOA, FACTA, FCBA, FCRA, HMDA, UDAAP, SAFE Act, Fair Housing, HOPA, HOEPA, GLB, Appraisal, Flood, CERCLA, CRA and other applicable regulations.

 4.       Working knowledge of FHLMC and FHLB requirements.

 5.       Familiarity with title insurance, flood insurance, and property insurance

 6.       Working knowledge of personal computer.

 7.       Interpersonal skills to represent the Bank in a positive manner when dealing with internal and external customers.

DESIRABLE KNOWLEDGE, ABILITIES AND SKILLS:

 1.       Complete familiarity with the Bank’s lending policies, guidelines, and products, as well as specific loan programs, qualifications, procedures and policies to provide full loan and services.

 2.       Five years of experience in secondary market origination, processing, underwriting, closing procedures and selling of loans. Current, in-depth working knowledge of the mortgage and consumer lending industry and operations.

3.       Works well independently and within a team dynamic.

4.       Knowledge of Jack Henry core banking system, Meridian Mortgage, IDS, Finastra Laser Pro, Quest Soft including HMDA and CRA Wiz or other Automated Underwriting Systems (AUS) - Desktop Underwriter (DU), Desktop Originator (DO), Loan Prospector (LP), etc. 

5.       Knowledge of Mortgage/ Consumer origination, documentation, and servicing systems.

6.       Knowledge of Consumer Loan compliance.

7.       Knowledge of loan document imaging systems.

8.       Excellent verbal and written communication skills.

9.       This position requires compliance with the S.A.F.E. Mortgage Licensing Act of 2008 and all related regulations. Ongoing employment is contingent upon meeting all such requirements, including acceptable background investigation results