Description
:
The Loan Underwriter II (Project Underwriter II) underwrites and evaluates condominiums, cooperatives, and PUD projects for Residential Mortgage applications in compliance with GSE/Investor/Portfolio guidelines, bank policies, and procedures.
Depth & Scope:
Underwrites all types of income, all product types including ethical and salable residential mortgage loans and consumer loans and evaluates risk while ensuring the quality of each loan submittedApproves loans, issues alternative options, or adverse action accordingly using sound judgment while applying bank policies and proceduresValidates the data entry to the appropriate Loan Operating System and evaluates all applicable documentation as required by job function and conditions loan accordingly; informs Processor of any additional items necessary to substantiate loan requestDemonstrates in-depth knowledge of regulatory, investor and departmental l...