First National Jobs in Kentucky (NOW HIRING)

Mortgage Underwriter

Start a career with First National Bank Alaska, the Best Place to Work in Alaska as recognized 11 years in a row by Alaska Business magazine readers.

First National is seeking an experienced Mortgage Underwriter who shares our commitment to accuracy, sound credit decisions, and outstanding customer service.

Job/salary offer would be commensurate with experience.

The schedule is Monday-Friday

Provides quality mortgage-backed loans to investors and the bank, approves and makes denial recommendations for loans to ensure compliance with bank, investor, agency, and regulatory underwriting guidelines by performing the following essential duties and responsibilities:

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Analyzes credit and property documentation included in conventional, FHA, VA, USDA loans to assess overall risk to the bank ensuring that sound lending policies are made; evaluates and identifies the impact of lending decisions on the Community Reinvestment Act and Federal Fair Lending policies and regulations. Provides quality mortgage-backed loans to investors and the bank, approves and makes denial recommendations for loans to ensure compliance with Bank, investor, agency, and regulatory underwriting guidelines.
• Evaluates risk and communicates findings to Mortgage Lending or branch personnel responsible for loan file; resolves adverse investor and/or audit findings and clears discrepancies within authority ensuring loan files’ compliance with investor and insurers’ guidelines, federal regulations and bank policy.
• Provides advice and assistance on real estate lending programs and guideline requirements to branches, management and Mortgage Lending or branch personnel to ensure loan approval underwriting conditions are met.
• Performs reviews of appraisal reports, adhering to the real estate lending standards, policies, procedures and controls. Reviews title documents and all applicable compliance documents.
• Maintains awareness of changing economic conditions, new trends and developments in the local and national real estate and insured-mortgage markets.
• Performs other work-related duties as assigned by supervisor.

• Stay up to date on relevant laws and regulations and complete all compliance training on time.
• Knowledgeable of and comply with bank policies, procedures, laws, and regulations that apply to you and your job.
• Maintain customer confidence and protect the bank’s operations by identifying and protecting confidential information.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Minimum: Four years mortgage industry experience including two years mortgage underwriting; or equivalent combination of education/training and experience. Familiarity with FHA/VA, AHFC, FNMA, and other investor lending programs.

Preferred: Current knowledge of FHA/VA, AHFC, FNMA, and other investor lending programs. Experience working with automated underwriting systems.

The ability to manage and prioritize multiple tasks, effective analytical and decision-making skills required. Word processing and spreadsheet software experience required. Ability to handle highly confidential information, frequent deadlines, and time constraints required.

Ability to read, analyze, and interpret financial reports, legal documents, professional journals, technical procedures, and governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information to top management, auditors, and/or board of directors.

Ability to work with basic mathematical concepts such as fractions, percentages, ratios, and proportions to practical situations. These duties are performed on an ongoing basis, as necessary.

Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions and deal with several variables.

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms. The employee is frequently required to talk and hear. The employee is occasionally required to stand; walk; stoop, kneel, crouch, or crawl.

The employee must occasionally lift and/or move up to 25 pounds. Specific vision ability required by this job includes close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.

The noise level in the work environment is usually moderate.