Underwriter - Residential Mortgage - C&F Mortgage

Approves or denies mortgage loans in a correspondent lender environment.

Essential Duties and Responsibilities include the following.  Other duties may be assigned. 

Reviews and evaluates information on mortgage loan documents to determine if buyer, property, and loan conditions meet establishment and government standards.

Evaluates acceptability of loan to corporations that buy real estate loans on secondary mortgage markets, where existing mortgages are bought and sold by investors.

Determines terms and acceptability of risk of prospective business.

Approves or rejects loan application, or requests additional information.

Records loan rejections, specifying investor and institution guidelines and basis for declining application, such as insufficient cash reserves.

Assembles documents in loan files, including acceptance or denial, and returns files to processor and/or originating mortgage loan officer.

Five or more years FNMA/FHLMC underwriting and/or processing experience; DU & LP experience and be eligible for approval by FHA as a Direct Endorsement (DE) Underwriter.

Experience with MS Office as well as mortgage databases (Encompass preferred).

Excellent customer service and communication skills.

EEO/AA/M/F/Veteran/Disability