This position is based in Johnston, IA and is NOT a remote work opportunity. Candidates must be willing to work in the Johnston office.
The Mortgage Underwriter evaluates credit and property risks for Conventional, FHA and Rural Development loans from affiliated banks and correspondent lenders. Duties and responsibilities include the following:
Performs a preliminary and final review of FHA, Rural Development, Conventional, VA and IFA applications for Heritage and Alliance loan applications.
Establish property values and appraisal analysis for HUD, VA, USDA and Conventional loans.
Reviews loan files for compliance with investor guidelines.
Follow IBMA loan review and quality control guidelines as files are reviewed.
This position is eligible for a $10,000 sign on bonus to be paid out after 90 days of employment.
Requirements for this position include the following:
High School Diploma or GED.
Minimum 5 years Conventional, FHA, USDA and VA Underwriting experience or equivalent combination of education and experience. Has actively been underwriting loans in the past 12 months.
Appraisal or underwriting training, at least one Government Loan Program designation (FHA Direct Endorsement, VA Lapp Authority).
About Iowa Bankers Mortgage Corporation
In our 125-year history, the Iowa Bankers Association (IBA) has been dedicated to serving Iowa banks and their employees. As the voice of Iowa’s banking industry, the Association serves more than 95 percent of banks and savings institutions in the state. The IBA and our affiliate companies – Iowa Bankers Insurance and Services, Inc., Iowa Bankers Mortgage Corporation and IBA Securities – provide services that allow banks to better serve their communities and the state of Iowa. The Association contributes to the success of Iowa banks by providing legislative representation, education and training opportunities, regulatory compliance assistance and a host of other services. Member banks also benefit from the insurance, mortgage and securities brokerage services offered by the IBA’s affiliate companies.