Collateral Underwriter

2 months ago

Austin, United States Bay Equity Full time
Job DescriptionJob Description

Job title: Collateral Underwriter
Reports to: Collateral Underwriting Manager
FLSA Exempt: Non-Exempt

Job purpose:

Candidate is responsible for all functions related to analyzing and evaluating appraisals to meet lending standards & program guidelines. Individual is strongly preferred with a current FHA DE and/or VA SAR certifications. Candidate must possess knowledge of the loan process and knowledge of FNMA/FHMLC, FHA, and VA guidelines. In addition, they should have strong organizational and accuracy skills with the ability to work in a fast-paced team environment.

Duties and responsibilities:

• Review & Underwrite collateral to insure the appraisal meets investor and program criteria. Minimum standard of 8-10 appraisals per day with a turn time of 24 hours or as set by underwriting manager
• Review FNMA CU findings, address appraisal comparable selection, review for marketability and valuation acceptance, confirm appraisal is completed to appraisal standards
• Request and review appraisal revisions, desk reviews, and field reviews
• Review appraisal against title, flood cert, purchase agreement, etc. for accuracy & consistency
• Thorough knowledge of conventional appraisal requirement required. Knowledge & experience with FHA and VA appraisal requirements is a plus.
• Sends and/or calls out appraisal decision to branch with all appropriate conditions, a suspense with detailed reason, or a denial with detailed reasons.
• Timely response to PFQC and Post Close findings ----remove this line item & replace with: Timely & professional communication required.
• Other duties as assigned.

Qualifications and Job Skills:

• Minimum 5 years mortgage underwriting experience, with preferred Appraisal Underwriting training and experience
• Prefer applicants have a current FHA De certification, VA SAR certification is also a plus
• Experience using the FNMA CU tool, Outlook, and Encompass
• Ability to handle high volume levels and meet productivity standards
• Thorough knowledge of Agency/Investor lending guidelines
• Ability to handle confidential material in a professional and ethical manner
• Excellent written and verbal communication skills

Personal Attributes:

• Time management and organization skills to effectively prioritize multiple tasks and achieve production focused goals
• Strong interpersonal skills to build and maintain professional relationships
• Ability to work under tight timelines
• Ability to work independently and be a team player
• Must be proactive and reliable

Working conditions:

Position is for remote from home. Requires occasional travel for training and meetings. Overtime as needed and approved by management.

Physical requirements:
N/A

Direct reports:
N/A

We offer a comprehensive benefit package including; medical, dental, vision, life insurance, 401k, and we offer vacation and sick time. Compensation based on experience. This is a full-time position.

Bay Equity is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, or genetic information. Bay Equity is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. To request reasonable accommodation, contact our Human Resources Department at hrdeskteam@bayeq.com.

  • Commercial Loan Processor

    2 months ago

    Austin, United States The Symicor Group Full time

    Commercial Loan Processor (CRE) – To $70K – Austin, TX – Job # 3173 Who We Are The Symicor Group is a boutique talent acquisition firm based in Lincolnshire, IL & Rockport, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or...

  • Global Mortgage Client Concierge

    1 month ago

    Austin, United States MoXi - A Global Mortgage Company Full time

    Job DescriptionJob DescriptionSalary: $50,000 and offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards.SUMMARYMoXi means “with high-energy, courageous spirit and determination.” It’s also short for international mortgage finance, and  we’re on a mission to change the way that global citizens...

  • Commercial Loan Processor

    3 months ago

    Austin, United States The Symicor Group Full time

    Commercial Loan Processor (CRE) - To $70K - Austin, TX - Job # 3173 Who We Are The Symicor Group is a boutique talent acquisition firm based in Lincolnshire, IL & Rockport, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or...

  • Credit Risk Manager

    4 weeks ago

    Austin, United States augmentjobs Full time

    Job DescriptionJob DescriptionJob Title: Credit Risk Manager Job Summary:The Credit Risk Manager will oversee the assessment, management, and mitigation of credit risk across the organization's lending and investment portfolios. This role involves developing and implementing risk management strategies, ensuring compliance with regulatory requirements,...

  • Senior Credit Risk Analyst

    5 days ago

    Austin, Texas, United States augmentjobs Full time

    Job OverviewPosition: Senior Credit Risk AnalystThe Senior Credit Risk Analyst will be responsible for the evaluation, management, and reduction of credit risk within the organization’s lending and investment sectors. This position entails formulating and executing risk management strategies, ensuring adherence to regulatory standards, and working closely...

  • Strategic Financial Analyst

    3 months ago

    Austin, United States Intiva Health Full time

    Job DescriptionJob DescriptionCompany OverviewIntiva Health is an exciting tech startup that engages licensed medical professionals in the management of their career by bringing the forefront of technology to healthcare. Intiva Health is the product of over 30 years of healthcare administrative experience, and is a rapidly growing solution for the vast...

  • Strategic Financial Analyst

    3 months ago

    Austin, United States Intiva Health Full time

    Job DescriptionJob DescriptionCompany OverviewIntiva Health is an exciting tech startup that engages licensed medical professionals in the management of their career by bringing the forefront of technology to healthcare. Intiva Health is the product of over 30 years of healthcare administrative experience, and is a rapidly growing solution for the vast...

  • SBA Portfolio Manager

    1 month ago

    Austin, United States Sunflower Bank Full time

    Job DescriptionJob DescriptionDescription:Sunflower Bank is looking for an experienced SBA Portfolio Manager to join our team in Austin, TX! The SBA Portfolio Manager position is responsible for gathering, analyzing, and interpreting financial and credit information in order to assess the creditworthiness of the company’s commercial SBA customers, focusing...

  • Senior Credit Officer for Capital Markets

    6 days ago

    Austin, Texas, United States Farm Credit Council Full time

    About Us:Farm Credit Council is a leading financial institution dedicated to supporting agriculture and rural communities across the United States. With a strong commitment to providing financial resources, we play a vital role in ensuring the sustainability and growth of the agricultural sector.Our headquarters are strategically located, allowing us to...

  • Senior Credit Officer for Capital Markets

    6 days ago

    Austin, Texas, United States Farm Credit Council Full time

    About Us:Farm Credit Council is a prominent financial institution dedicated to supporting agriculture and rural development across the United States. With a significant presence in the capital markets, we play a vital role in ensuring the sustainability of food supply chains.Our headquarters is strategically located, allowing us to effectively serve rural...

  • Credit Analyst/Credit Analyst II

    2 weeks ago

    Austin, United States Southside Bank Full time

    Job DescriptionJob DescriptionPosition Title: Credit Analyst/Credit Analyst IIExempt Status: Non-Exempt, Full Time Hourly Reports to: Commercial Underwriting ManagerSummary of the Job: Provides credit analysis support by analyzing commercial loan requests, evaluating the financial condition of businesses and individuals, identifying strengths and weaknesses,...

  • Post Closing Coordinator

    3 months ago

    Austin, United States D.R. Horton Full time

    D.R. Horton, Inc., the largest homebuilder in the U.S., was founded in 1978 and is a publicly traded company on the New York Stock Exchange. It is engaged in the construction and sale of high quality homes designed principally for the entry-level and first time move-up markets. The Company also provides mortgage financing and title services for homebuyers...

  • Capital Markets Credit Officer II

    4 weeks ago

    Austin, United States Farm Credit Council Full time

    Who we are: Farm Credit Bank of Texas is a $37.5 billion wholesale bank that has been financing agriculture and rural America for over 100 years. Headquartered in Austin, Texas, we provide funding and services to rural lending associations in five states, and we are active in the nation's capital markets. While you may not be familiar with our name, Farm...

  • Capital Markets Credit Analyst II

    6 days ago

    Austin, Texas, United States Farm Credit Bank of Texas Full time

    About Us:Farm Credit Bank of Texas is a prominent wholesale banking institution with a robust portfolio of $37.5 billion, dedicated to supporting agriculture and rural communities across America for over a century. Based in Austin, Texas, we provide essential funding and services to rural lending associations in multiple states while actively participating...

  • Senior Credit Officer for Capital Markets

    6 hours ago

    Austin, Texas, United States Farm Credit Full time

    About Us: Farm Credit Bank of Texas is a prominent wholesale banking institution with a strong commitment to financing agriculture and rural communities across America for over a century. Based in Austin, Texas, we provide essential funding and services to rural lending associations across multiple states, actively participating in the national capital...

  • Senior Credit Officer for Capital Markets

    7 hours ago

    Austin, Texas, United States Farm Credit Full time

    About Us: Farm Credit Bank of Texas stands as a pivotal financial institution with a robust history of over a century, dedicated to supporting agriculture and rural communities across America. Based in Austin, Texas, we extend our financial services to rural lending associations across five states, playing an integral role in the national capital markets....

  • Capital Markets Credit Officer II

    4 weeks ago

    Austin, United States Farm Credit Council Full time

    Who we are: Farm Credit Bank of Texas is a $37.5 billion wholesale bank that has been financing agriculture and rural America for over 100 years. Headquartered in Austin, Texas, we provide funding and services to rural lending associations in five states, and we are active in the nation's capital markets. While you may not be familiar with our name, Farm...

  • Capital Markets Credit Officer II

    1 month ago

    Austin, United States Farm Credit Bank of Texas Full time

    Job DescriptionWho we are: Farm Credit Bank of Texas is a $37.5 billion wholesale bank that has been financing agriculture and rural America for over 100 years. Headquartered in Austin, Texas, we provide funding and services to rural lending associations in five states, and we are active in the nation's capital markets. While you may not be familiar with...

  • Capital Markets Credit Officer II

    4 weeks ago

    Austin, United States Farm Credit Bank of Texas Full time

    Who we are: Farm Credit Bank of Texas is a $37.5 billion wholesale bank that has been financing agriculture and rural America for over 100 years. Headquartered in Austin, Texas, we provide funding and services to rural lending associations in five states, and we are active in the nation’s capital markets. While you may not be familiar with our name, Farm...

  • Senior Credit Officer in Capital Markets

    7 hours ago

    Austin, Texas, United States Farm Credit Full time

    About Us: Farm Credit Bank of Texas is a prominent wholesale banking institution with a robust portfolio of $37.5 billion, dedicated to supporting agriculture and rural communities for over a century. Based in Austin, Texas, we extend our financial services to rural lending associations across five states, actively participating in the national capital...