To analyze credit and collateral worthiness on FHA, VA, USDA or Conventional loans to be sold on the secondary market.
o Verify and analyze all information in the loan file for completeness, accuracy and integrity
o Review loan file documents for integrity and make credit decisions based on relevant credit history, employment data and any other pertinent information; request additional information from customers as necessary
o Input data and balance that data to all automated underwriting systems.
o Review title commitments to insure clear titles on proposed property to ensure that there are no liens against the borrower or land; order corrections to title commitments when necessary
o Review all appraisals to confirm that collateral supports loan amount and Loan-to-Value requested
o Order mortgage insurance as applicable
o Prepare loan approvals
o Set up files for shipping to investor
o Clear any conditions requested by the investor for loan purchase
At least 3 years experience as a full charge Underwriter
Must have excellent communication and organizational skills
Thorough knowledge of secondary market lending and general mortgage banking
Current market requirements and regulations
2 openings. Telecommuting is allowed.
Additional Salary Information: Pay is based upon experience
About Magnolia Bank Inc
Magnolia Bank has remained an independent community bank serving the local area since its founding in 1919. In 2019, we celebrated 100 years of serving our customers and community. As we look to our rich tradition of the past, we also look to the future with great expectations for our community, our customers, and our Bank. Our motto, "We Have A Personal Way", is demonstrated by the actions of our employees everyday.