Mortgage Coordinator - Loan Underwriting

Critical features of this job are described under the headings below. They may be subject to change due to changes in our business processes or other business-related reasons.

Reviews mortgage loan applications submitted by Originating Agents, assessing pre-purchase quality control including compliance/conformity with organization regulations and Federal Housing Administration (FHA), Veterans Administration (VA), United States Department of Agriculture/Rural Development (USDA/RD), Federal Home Loan Mortgage Corporation (Freddie Mac), Federal National Mortgage Association (Fannie Mae) and Private Mortgage Insurance (PMI) regulations and determining action to be taken; maintains on-going communication with lenders, realtors, consumers, etc.

• Essential duties and responsibilities include the following. Other duties may be assigned.

• Reviews loan applications to determine conformity and compliance to insurer/guarantor and THDA’s guidelines.

• Accurately reviews and determines household and qualifying income eligibility for potential homeowners for the Mortgage Revenue Bond (MRB) and Mortgage Backed Security (MBS) programs.

• Accurately verifies loan information in loan origination system; reviews automated underwriting findings to verify accurate content of mortgage loan file.

• Works with Mortgage Underwriting Manager, Senior Underwriters and/or Director of Loan Operations on day-to-day underwriting questions; requests additional documentation and follow up with lenders if needed.

• Determines actions to be taken for assigned loans, seeking Manager or Senior Underwriter guidance if needed.

• Maintains a high level of written and oral communication with Originating Agents to ensure accurate and timely receipt of all required documentation.

• Reviews outstanding/pended documentation in a timely manner; transmits commitments Works closely with post-closing to review pre-funding conditions; review requests for extensions or modifications of commitment.

• Cross trained to serve as mortgage loan processor.

• Establishes and maintains relationships by answering the General Information Underwriting Line, in a businesslike manner giving technical program support to lenders, realtors, potential new Originating Agents, and borrowers.

• Offers support to other areas in the division, as necessary or as time allows.

The requirements listed below are representative of the knowledge, skills, and/or abilities required.

• High school diploma or equivalent GED.

• Two years of experience in mortgage lending as a senior processor or junior underwriter, certified residential underwriting designation preferred; three years of experience is preferred.

• Experience working in a deadline-driven, fast paced environment.

• Recent employment in the mortgage banking field is preferred.

The above qualifications express the minimum standards of education and/or experience for this position. Other combinations of education and experience, if evaluated as equivalent, may be taken into consideration.

• Knowledge of loan processing and underwriting of FHA, VA, USDA/RD, Freddie Mac, Fannie Mae and PMI companies.

• Good loan processing skills with knowledge of underwriting guidelines.

• Ability to successfully and accurately complete assigned work in a fast-paced environment.

• Strong interpersonal skills.

• Excellent verbal and written communication skills.

• Maintains credibility through sincerity, honesty, and discretion.

• Maintains a high level of confidentiality.

• Builds and maintains positive relationships with internal and external constituents.

• Strong organizational skills.

• Strong time management skills; uses time effectively; consistently meets deadlines.

• Ability to exercise good judgment in evaluating complex situations.

• Ability to adjust to frequent procedural changes.

• Documents regularly, thoroughly, accurately, and completely.

• High level of detail and accuracy.

• Exercises good and consistently fair judgment, courtesy, and tact in dealing with the staff and public in giving and obtaining information.

• Computer literate; proficient in Microsoft Word, Excel, Outlook, and the internet; able to effectively adapt to and use other computer systems as needed for daily activities.

• The special demands described here are representative of those that must be met by a staff member to successfully perform the essential functions of this job.

• While performing the duties of this job, the employee is regularly required to sit; stand; use hands to finger, handle or feel; and talk and hear.

• The employee is occasionally required to walk; reach with hands and arms, and stoop, kneel, or crouch.

• Specific vision abilities required by this job include close vision, distance vision, and the ability to adjust focus.