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Position Summary:

The Senior Mortgage Lending Underwriter will evaluate and underwrite all mortgage loan types offered by Wellby Financial according to specific state and federal requirements, along with secondary marketing requirements to limit the risk exposure to Wellby Financial’s mortgage portfolio and secondary market investors. The Senior Underwriter will analyze required loan documentation and information presented in the mortgage loan request, condition and make appropriate loan decisions based on the acceptability of the credit risk using established Wellby Financial guidelines, secondary market investors, and applicable state and government regulations. The Underwriter will lead, coach, mentor, and train others. This position requires a complete and thorough knowledge and understanding of mortgage underwriting and will have direct involvement in loan origination system (LOS) oversight and management as it relates to underwriting. They will be a part of the Mortgage Lending team and work with a multitude of business partners both internally and externally.

Principle Duties and Responsibilities

Works with purpose and is driven to provide the best team member experience.
Willingness and ability to exhibit Wellby Core Values every day.

Underwriting

Underwrite VA, FHA, USDA, and Conventional Loans to secondary marketing investor requirements and/or Wellby Financial portfolio guidelines.
Must be able to demonstrate underwriting experience vis-à-vis calculating income and/or appraisal evaluations for all products.
Must demonstrate strong knowledge and experience with manual underwriting.
Prepare and present counteroffers on loans outside of secondary marketing underwriting guidelines.
Prepare adverse action notifications, with awareness of the compliance provisions of the regulatory agencies.
Review and evaluate documents to ensure adherence to Credit Union, NCUA, USPAP and all other relevant industry guidelines to ensure loan acceptance.

Underwriting Policy and Guidelines

Develop and maintain all underwriting policies and procedures.
Maintain consistent and up-to-date knowledge of all updates, and applying those changes not only to the written policies but also communicating to the mortgage lending team.
Subject-matter expert on all mortgage products and any changes to Wellby guidelines and secondary marketing investor guidelines.
Maintain and update underwriting guideline and/or procedural changes in the loan origination system when applicable; will be the primary lead for all LOS underwriting testing requirements and final sign off.
Serves as primary underwriting contact for all secondary market investors (e.g., Fannie Mae, Freddie Mac, FHA), analyzing their continuous product changes and developing an internal plan to execute.

Underwriting Exceptions

Have the capacity and intellect to carefully analyze loan exceptions and rejections; recommend alternative mortgage products better suited to the loan applicant.
Work closely with Compliance to implement any regulatory changes to include qualified mortgage (QM) and ability to repay (ATR) requirements.

Department Reporting & Training

Develop, manage, and maintain all mortgage underwriting reporting requirements. Provide daily, weekly, and monthly reports and ensure all appropriate parties are receiving timely information.
Work in conjunction with Compliance and legal to ensure accountability and compliance with all applicable laws and regulations concerning mortgage lending underwriting and quality control activities.
Collaborate with mortgage leadership and participate in mentoring sessions for mortgage processors, closers, and loan officers.
Performs other duties as assigned.

Knowledge, Skills, and Abilities (KSA)

Knowledge of Wellby’s organizational functions, and general operating policies and procedures.
Knowledge of secretarial practices and procedures, business English, spelling, and punctuation.
Knowledge of personal computer, utilizing Microsoft Office Suite.
Knowledge and extensive understanding of mortgage products and guidelines.
Skilled in having constructive conversations with leadership around performance, development, and helping to support business goals.
Skilled in operating computer equipment and general office machines such as personal computers, copiers, projection equipment, audio/video, Microsoft Teams, Zoom Video Communications, and adding machines.
Ability to use their mortgage quantitative and management skills.
Ability to communicate information and ideas so others will understand. Must be able to exchange accurate information in these situations.
Ability to influence and engage direct and indirect reports and peers.
Ability to work effectively across organizational departments and functions to achieve strategic goals.
Ability to work in a fast-paced team environment with exceptional customer service skills.
Ability to communicate clearly and concisely, orally and in writing.
Ability to motivate others and to work in a large cross-functional team dynamic.
Ability to efficiently understand and follow oral and written instructions, perform routine duties without close supervision and establish and maintain effective working relationships with other team members.
Ability to coordinate several concurrent activities simultaneously.

Supervisory Responsibilities

Team member does not have supervisory responsibilities.

Complexity & Scope of Work

The team member will ensure policies, procedures, and programs are consistently administered, aligned with organizational goals, and are compliant with professional standards, state and federal regulatory requirements.
The team member performs several routine and generally related tasks without supervisory direction.
The team member may make decisions regarding unusual circumstances on occasion.
Tasks may occasionally have to be coordinated, integrated, and/or prioritized.
Courses of action are determined by established procedures and/or the Vice President of Mortgage Lending.
The team member’s work is reviewed periodically for accuracy, completion, and compliance with the policies and procedures.
The team member uses independent judgment in making decisions.

Physical Demands & Work Environment

The physical demands and work environment characteristics described here represent those that must be met by a team member to successfully perform the essential functions of this position. Reasonable accommodations may enable individuals with disabilities to perform essential functions.
To perform this job successfully, the team member is frequently required to remain in a stationary position 50% of the time. Daily movements include sitting; standing, reaching, and grasping, operating computers and other office equipment, moving about the office; and attending possible onsite and offsite meetings. The team member must be able to exchange information, in person, in writing, and via telephone. Some degree of stress results from contact with management, and other team members.
The ability to observe details at close range (within a few feet of the observer).
Must be able to occasionally lift items weighing up to 25 pounds across the office and load them onto shelves for various needs.
The noise level in the work environment is usually moderate.
Work involves the typical risks and discomforts associated with an office environment but is usually in an area that is adequately cooled, heated, lighted, and ventilated.

Minimum Qualifications

Bachelor’s degree in general studies, business, management, or related field preferred.
High School Diploma or equivalent required.
Must have required underwriting designations; DE, SAR, LAPP.
Minimum ten (10) years of underwriting experience with a minimum of five (5) years in government underwriting experience required.
LOS and Product & Pricing Engine experience understanding with system integration knowledge.
Experience working with secondary market investors and management experience a plus.

For All Candidates:

This is aFull-Time, Salary (exempt) role.

Wellby is an equal opportunity and affirmative action employer and gives consideration for employment to qualified applicants without regard to race, color, religion, sex, national origin, age, disability, genetic information, sexual orientation, gender identity or expression, pregnancy, veteran status or any other legally protected characteristic. If you'd like more information about your EEO rights as an applicant under the law, please contact Human Resources.

Wellby provides equal opportunity to qualified individuals with disabilities and disabled veterans. If you need a reasonable accommodation, please email careers@wellbyfinancial.com or call 281-226-1696 for assistance.

Disclaimer

The statements herein are intended to describe the general nature and level of work being performed by team members and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified. Furthermore, they do not establish a contract for employment and are subject to change at the discretion of the organization.

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