Underwriter

The Underwriter position is housed in our Community Development Lending Operations Department. This position will interpret and apply analysis of loan components through findings of FNMA's automated underwriting system, Desktop Originator (DO) for newly originated residential loans. This includes evaluating applicants' credit, sources of income, type of property, type of loan, assets, debt ratios, collateral appraisal reports for the property etc. This role will exercise discretion in independently making loan approval decisions in compliance with MidFirst Bank and Investor guidelines. Files will be pre-underwritten upon receipt in Operations and submitted for final underwriting prior to closing. This position will work closely with the processing and MAE team advising them of credit decisions and working to clear loan stipulations and collateral requirements. Additional responsibilities include helping to monitor appropriateness and adequacy of current processing procedures and practices to ensure proper application of substantial real estate lending regulations and fulfillment of underwriting requirements. Other duties as assigned by management.

Position Requirements:

• The shift for this role in the Oklahoma office will be Monday thru Friday, 10am-7pm; Arizona office hours will be 8am-5pm
• 3-5 years mortgage related experience in Conventional, FHA and VA loans. USDA loan experience a plus. FHA and VA underwriting certification preferred
• Working knowledge of various software; Outlook, Excel
• Encompass experience preferred
• Strong understanding of mortgage industry guidelines as it relates to the secondary market
• Strong understanding of automated underwriting systems
• Bachelor's degree preferred
• Must be detail-oriented, strong organizational skills are critical
• Must possess technical knowledge of underwriting guidelines and use of mortgage calculators
• Must have recent experience with Mortgage Loan Guidelines (within the last year)