Mortgage Loan Underwriter I

Company: Park National Bank (Ohio)
Location: Newark
Posted on: February 3, 2020

Job Description:

Functions

• 
  
• Identify, analyze and evaluate loan risks and compensating factors
• Ensure the marketability of closed loans and the safety of Bank assets
• Approve, suspend or deny loan applications based on loan authority
• Ensure that loans are approved within the terms of the Bank's standards and procedures, regulatory underwriting guidelines and FHA, VA and other secondary market requirements
• Provide support to Mortgage Loan personnel
• Functions:
  
  
  • 
    
  • Review appraisals and ensure that risks are appropriate and meet all guidelines of the applicable loan type
  • Evaluate applicant's employment history and ensure that all income used in qualifying is expected to continue for at least 3 years
  • Assess overtime, bonuses and commissions used to qualify
  • Analyze tax returns and balance sheets of self-employed applicants
  • Review borrower's credit
  • Review the manner in which obligations have been met and financial affairs managed
  • Investigate derogatory credit
  • Assess potential borrower's assets
  • Ensure that assets meet closing requirements, are derived from acceptable sources and the acceptable levels of reserves will remain after closing
  • Assist and support Bank personnel as needed
  • Answer questions of Mortgage Loan personnel regarding policies and procedures
  • If necessary, restructure loans to find alternative solutions
  • Other duties as assigned.
    
    Schedule
    
    Monday through Friday 8:00 a.m. to 5:00 p.m. One to two Saturdays per month 8:00 a.m. to 12:00 p.m. This position is hourly non-exempt and full time. The required minimum weekly hours to maintain a fulltime status is 37.5, the expected hours associated with this role are 40-44.Requirements
    
    
    • 
      
    • mortgage processing and/or closing required
      

Keywords: Park National Bank (Ohio), Newark , Mortgage Loan Underwriter I, Other , Newark, Ohio