Senior Mortgage Underwriting Officer - RJ Bank

• Underwrites credit package and makes loan decisions for residential and consumer lending applications up to the loan amount authority established by the Board of Directors. 

• Underwrites credit package and prepares recommendation for presentation to Loan Committee, ensuring compliance with Raymond James Bank, State, Federal and if applicable, agency and investor guidelines.

• Reviews and analyzes real estate appraisals for acceptance in connection with residential loan transactions.

• Maintains knowledge of Raymond James Bank loan programs, as well as secondary market investors’ underwriting/documentation requirements.

• Interacts professionally with clients, associates and Financial Advisors to provide professional customer service upholding the Service 1st philosophy.

• Obtains, prepares, and reviews documents for origination and processing phases of residential loans.

• Coordinates the approval of underwriting conditions. Reviews the file prior to closing.

• Analyzes tax returns and financial statements, as well as reviews Title Commitments.

• Exercises independent judgment allowing for minimal supervision of work functions while working directly with Lending Manager(s).

• Communicates with correspondent lenders regarding guideline exceptions.

• Interacts with Mortgage Insurance company liaisons to approve high loan-to-value loans.

• May interact with Lending Manager(s) on due diligence with files purchased on the secondary market.

• Makes decisions and recommendations regarding efficiency, budgets or other cost or earning matters.

• Reviews and analyzes procedures surrounding more efficient and cost effective ways of handling workflow.

• Determines appropriate process improvements, then implements and communicates such changes to management. Also communicates department issues to management.

• Initiates policies as dictated by management

• Annually monitors the financial position of large dollar established accounts, and brings irregularities to the attention of management.

• Performs or supervises activities requiring knowledge of technical, specialized or professional skills.

• Provides information and assistance to loan applicants, as well as interacts with CPA’s, Financial Advisors and other parties to complete the transaction when necessary

• Perform day-to-day monitoring of underwriting department workflow to ensure the expectations of customers, sales, support staff and vendors are met.

• Assists with onboarding of new associates, and provides coaching, mentoring, and personal leadership to team members.

• Keeps management apprised of personnel, workflow and special project developments. Communicates and coordinates changes in policy and procedures that affect other departments.

• Performs other duties and responsibilities as assigned.

Knowledge of:

• FNMA and FHLMC underwriting guidelines, national multi-state federal and state lending laws, and portfolio residential lending.

• FNMA Desktop Underwriting.

Skill in:

• Data Analysis.

• Critical thinking, problem solving, creativity.

• Organizational skills, including a high level of accuracy and attention to detail.

• Effective oral and written communications sufficient to convey details on various mortgage loan products and processes.

• Word processing, spreadsheet and typing sufficient to produce spreadsheets with basic formulas and business form letters and memos.

• Operating standard office equipment and using required software applications.

Ability to:

• Conduct analysis including basic math, competency with decimals and fractions.

• Research and analyze financial statements, complex tax return analysis, interprets findings and prepares reports of financial position and credit worthiness.