Mortgage Loan Underwriter

1 day ago


St Louis MO USA, United States FirstBank Full time
Mortgage Loan Underwriter I Job Description

A Mortgage Loan Underwriter I plays a crucial role in reviewing mortgage loan submissions to ensure compliance with bank and investor requirements. The ideal candidate will have a strong understanding of loan-to-value and documentation requirements.

Key Responsibilities:
  • Confirm maximum loan amount and LTV requirements
  • Determine earned income amount(s) through analysis of employment verification documentation and/or tax return(s)
  • Document sufficient assets to close
  • Determine adequacy of credit documentation provided (verifications and supporting data)
  • Analyze credit reports and credit reporting requirements
  • Make a final credit decision for the application
  • Review the loan file for compliance with all regulatory requirements
  • Issue loan approval/commitment or notice of adverse action in a timely manner
Requirements:
  • High school diploma or general education degree (GED)
  • A minimum of two to four years related experience and/or training; or equivalent combination of education and experience
  • Comprehensive knowledge of underwriting/qualifying requirements for First Bank and secondary market investors
About Us:

First Bank is a growing company committed to its employees and clients. We offer a hybrid work environment and a diverse team. We encourage diversity and promote personal and professional development throughout the organization.



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