Regular or Temporary:
Regular
Language Fluency: English (Required)
Work Shift:
1st shift (United States of America)
Please review the following job description:
Remote within the Truist (BB&T/SunStrust) branch network.
Frontline Mortgage Underwriter working primarily on Conventional (Fannie Mae & Freddie Mac) loans. Will also work on non-conforming, construction and other loans as needed.
Need 5 or more years of experience with no more than 1 year gap since being a frontline Underwriter.
Perform detailed review and credit analysis of mortgage loans to ensure the loans meet established underwriting and investor guidelines. Approve acceptable loans within delegated lending authority.
Essential Duties and Responsibilities:
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1. Perform detailed underwriting analysis on all BB&T Mortgage loan products including calculating all income types (e.g. wage earner, retirement, self-employed), calculating complex financial analysis as needed, analyzing real estate appraisals to determine if collateral is acceptable, analyzing title report and lien information, reviewing all financial statements, and reviewing all additional documentation to determine accuracy and compliance with portfolio and investor guidelines prior to approval. Ensure that all loan files are documented per portfolio and investor guidelines to ensure marketability. Verify that all underwriting exceptions are thoroughly documented.
2. Develop and maintain a strong understanding of Mortgage Lending products, policies, processes, and required documentation for Government-Sponsored Enterprise (GSE), Federal Housing Administration (FHA), Veterans Affairs (VA), United States Department of Agriculture (USDA) and portfolio products.
3. Request additional information and/or documentation from Mortgage Loan Processors and Mortgage Loan Originators through appropriate timely feedback.
4. Adhere to all compliance regulations.
5. Conduct proactive and effective pipeline management in accordance with performance standard expectations.
6. Develop and maintain positive working relationship with co-workers, internal and external clients/business partners and vendors.
7. Maintain low early pay default rate as per performance expectations.
8. Assist Mortgage Loan Originators in restructuring loan applications based on counter offer availability.
9. Mentor new hire associates.
Required Skills and Competencies:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Bachelors degree in Business or related field, or equivalent education and related training
2. Five years of mortgage loan underwriting experience or equivalent
3. Ability to utilize mortgage automated processing system
4. Excellent communication skills, both written and verbal, in relating to internal and external clients
5. Demonstrated proficiency in basic computer applications, such as Microsoft Office software products
6. Ability to travel, occasionally overnight
Desired Skills:
1. Basic knowledge of other bank services and products
2. Direct Endorsement and Staff Appraisal Reviewer Certifications
Atlanta, GA
SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, institutions, and not-for-profit entities in the United States. It operates in two segments, Consumer and Wholesale. The Consumer segment provides deposits and payments; home equity and personal credit lines; auto, student, and other lending products; credit cards; discount/online and full-service brokerage products; professional investment advisory products and services; and trust services, as well as family office solutions. This segment also offers residential mortgage products in the secondary market.
The Wholesale segment provides capital markets solutions, including advisory, capital raising, and financial risk management; asset-based financing solutions, such as securitizations, asset-based lending, equipment financing, and structured real estate arrangements; cash management services and auto dealer financing solutions; investment banking solutions; and credit and deposit, fee-based product offering, multi-family agency lending, advisory, commercial mortgage brokerage, and tailored financing and equity investment solutions. This segment also offers treasury and payment solutions, such as operating various electronic and paper payment types, which comprise card, wire transfer, automated clearing house, check, and cash; and provides services clients to manage their accounts online.
The company offers its products and services through a network of traditional and in-store branches, automated teller machines, Internet, mobile, and telephone banking channels. As of December 31, 2018, it operated 1,218 full-service banking offices located in Florida, Georgia, Virginia, North Carolina, Tennessee, Maryland, South Carolina, and the District of Columbia. SunTrust Banks, Inc. was founded in 1891 and is headquartered in Atlanta, Georgia.