Macatawa Bank is a true local, community bank. We couple best-in-class financial products, state-of-the-art technology, extraordinary service and fair prices to help our local community partners grow and prosper.
The Mortgage Loan Underwriter I is responsible for reviewing residential real estate loan requests and rendering credit decisions based on applicable investor, secondary market, and/or portfolio loan requirements, while complying with regulatory requirements and adhering to Bank policies and procedures. The ability to provide a consistent production level which meets current production standards and requirements based on market and bank standards is also necessary.
We are seeking someone to perform the following:
- Prioritize caseload to support timely loan decisions
- Utilize automated underwriting findings such as LP and/or DO to underwrite mortgage loan files according to FNMA, FHLMC, investor, Bank policy, and Bank procedures
- Understand and consistently be able to calculate/analyze qualifying income (base, bonus, overtime, etc.), acceptable source of funds for close, credit and collateral.
- Ability to determine completeness and accuracy of loan application data.
- Update and/or validate LOS system to reflect material facts of mortgage loan file such as documented asset types/amounts, income types/amounts, property type, subordination requirements, etc.
- Develop skills to recognize strengths and weaknesses in loan file
- Has ability to develop and apply acceptable knowledge level of FNMA, FHLMC, investor and internal Bank policy and procedures on fair and consistent basis.
- Build necessary knowledge base to recognize factors and red flags in loan file and to prevent the likelihood of borrower, appraiser or lender misrepresentation.
- Provide a clear and detailed list of all necessary loan approval conditions
- Maintain LOS system with appropriate status codes to assure proper pipeline management
- Develop the ability to identify and analyze self employed (Sched C) borrowers income
- Ability to formulate and communicate appropriate loan decisions to lender, processor and/or customers (incomplete, approval, decline, etc.) in timely manner while maintaining bank standards as well as necessary regulatory requirements.
The candidate must have:
- Specialized education/training normally acquired with at least 18 months experience is required
- Knowledge of Freddie Mac, Fannie Mae and/or other investor requirements is required
- Over 1 year to 3 years of loan processing, secondary market and computer skills are required
- Strong analytical skills, communication skills and attention to detail are required
Interested professionals please apply online at www.macatawabank.com/careers
Macatawa Bank is an equal opportunity employer and does not discriminate on the basis of age, gender, race, religion, color, national origin, marital status, genetic information, height, weight, sexual orientation, gender identity, protected veteran, individual with a disability or any other protected status.
