First Tennessee Bank Mortgage Residential Underwriting Supervisor in Memphis, Tennessee
Description SUMMARY: Reviews and underwrites residential mortgage loan applications for Conforming, Non Conforming, Investor and modifications and portfolio loan programs. Ensures lending standards are upheld and investor guidelines are maintained. Informs processors, loan officers and management of findings and credit decisions. Manages assigned pipeline to meet time to close expectations.
The following statements are intended to describe the general nature and level of work performed; they are not intended to be an exhaustive or exclusive list of the required responsibilities, duties and skills; Management retains the discretion to add to or change the duties and requirements of this position at any time, with or without notice, as business needs dictate. ESSENTIAL DUTIES AND RESPONSIBILITIES: 1. Analyzes credit, income, tax returns, assets and appraisals to determine borrower’s credit worthiness and ability to repay per the terms defined by the bank and/or investor. 2. Proposes alternatives to loan requests that do not meet underwriting guidelines and seeks approval when necessary. 3. Mitigates risk by conducting thorough and prudent reviews of loan files. Validates loan application and supporting documentation. Dispositions loans within underwriting authority limits. 4. Presents loans with recommendations to Mortgage Operations Manager when loan limit exceeds the underwriter’s authority. 5. Clears conditions identified through the underwriting process and prepares file for closing. 6. Informs processors, mortgage loan officers, closers and management of changes, status updates, findings and credit decisions. 7. Manages assigned pipeline; Disposition loans within 24-48 hours of receipt and timely resolves conditions. 8. Orients, trains, assists and mentor more junior level Underwriters. 9. Completes, passes and maintains an up to date status for all positional and company required compliance and regulatory courses by assigned due date(s). 10. Participates in special projects and assignments and performs other duties as assigned.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. 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.
SUPERVISORY RESPONSIBILITIES Exercises the usual authority of a manager concerning hiring, staffing, training, performance appraisals, promotions, salary recommendations and terminations. Provides leadership by example at all times, through support and endorsement of bank policy.
CONTROL RELATED RESPONSIBILITIES Become knowledgeable regarding the department's internal controls as outlined in the policies and procedures and comply with all control requirements.
COMPLIANCE Adheres to all Federal and State banking regulations including compliance with the bank's Bank Secrecy Act/Anti Money Laundering (BSA/AML) program. Follows all Company policies and procedures, and successfully participates in regulatory and Company training requirements via multiple and variable delivery methods
Requirements To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. 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.
High School diploma or GED equivalent Previous Supervisor experience required
Minimum 5 years of residential lending underwriting experience
Working knowledge of residential loan operations, systems and documentation
Excellent verbal and written communication skills
Displays leadership capabilities, ability to delegate responsibilities as needed
Basic accounting and good mathematic skills
PHYSICAL DEMANDS The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to use hands to finger, handle or feel; reach with hands and arms; and talk or hear. The employee frequently is required to sit. This position regularly uses a computer (keyboard/mouse/screen) and telephone. The employee is occasionally required to stand; walk; climb or balance; and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, and ability to adjust focus.
WORK ENVIRONMENT The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The duties of this job are performed in a normal office environment. The noise level in the work environment is usually low to moderate.
- Work is normally performed in a typical interior work environment which does not subject the employee to any hazardous or unpleasant elements.
Requisition Number: 18-0809
Post Date: 4/16/2018
Title: Mortgage Residential Underwriting Supervisor
Part Time?: No