Capital Bank Res Mortgage Underwriter Sr in Charlotte, NC at First Tennessee Bank

Date Posted: 7/9/2019

Job Snapshot

Job Description

SUMMARY: Reviews and underwrites Capital Bank residential mortgage loan applications for Conforming, Investor, and modifications. Ensures lending standards are upheld and investor guidelines are maintained. Informs processors, loan officers and management of findings and credit decisions. Manages assigned pipeline to meet time to close expectations.

The following statements are intended to describe the general nature and level of work performed; they are not intended to be an exhaustive or exclusive list of the required responsibilities, duties and skills; Management retains the discretion to add to or change the duties and requirements of this position at any time, with or without notice, as business needs dictate.

ESSENTIAL DUTIES AND RESPONSIBILITIES:
1. Analyzes credit, income, tax returns, assets and appraisals to determine borrower’s credit worthiness and ability to repay per the terms defined by the bank and/or investor.
2. Proposes alternatives to loan requests that do not meet underwriting guidelines and seeks approval when necessary.
3. Mitigates risk by conducting thorough and prudent reviews of loan files. Validates loan application and supporting documentation. Dispositions loans within underwriting authority limits.
4. Presents loans with recommendations to Underwriter II or Vice President of Operations when loan limit exceeds the underwriter’s authority.
5. Clears conditions identified through the underwriting process and prepares file for closing.
6. Informs processors, mortgage loan officers, closers and management of changes, status updates, findings and credit decisions.
7. Manages assigned pipeline; Disposition loans within 24-48 hours of receipt and timely resolves conditions.
8. Completes, passes and maintains an up to date status for all positional and company required compliance and regulatory courses by assigned due date(s).
9. Participates in special projects and assignments and performs other duties as assigned.
Requirements 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. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

QUALIFICATIONS:
• High School diploma or equivalent and 3-5 years of current underwriting experience or equivalent relevant experience in residential mortgage lending.
• Working knowledge of residential loan operations, systems, documentation & regulatory requirements.
• Expertise with mortgage lending software applications and strong knowledge of Microsoft Windows operating system & Microsoft Word, Power Point, Excel and Outlook.
• Ability to read and listen, understand and communicate information and ideas in a clear and understandable manner, both orally and in writing with business unit management and staff, state and federal regulators and significant business partners.
• Strong ability to read, analyze and interpret financial reports and legal documents; effectively researches, analyzes and evaluates information to make decisions, solve problems and achieve goals.


SUPERVISORY RESPONSIBILITIES: None.

CONTROL RELATED RESPONSIBILITIES: Become knowledgeable regarding the department's internal controls as outlined in the policies and procedures and comply with all control requirements.

COMPLIANCE: Ability to comprehend and adhere to Federal and State banking regulations, including compliance with the Bank’s Bank Secrecy Act/Anti Money Laundering (BSA/AML) program. Follows all Company policies and procedures, and successfully participates in regulatory and Company training requirements via multiple and variable delivery methods.

COMMITMENT TO INSTITUTIONAL COMPLIANCE AND SOUNDNESS
Displays commitment to ensuring compliance with regulatory regulations through:
• adhering to regulatory requirements
• monitoring and reporting BSA/AML risks
• completing assigned compliance training courses

SAFETY, SECURITY and CONFIDENTIALITY: This position requires keeping complete confidentiality of all customer transactions and information, and paying close attention to security within and around the bank's premises at all times.

The physical demands, travel and work environment described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
PHYSICAL DEMANDS: While performing the duties of this job, the employee is regularly required to use hands to finger, handle or feel; reach with hands and arms; and talk or hear. The employee frequently is required to sit. This position regularly uses a computer (keyboard/mouse/screen) and telephone. The employee is occasionally required to stand; walk; climb or balance; and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, and ability to adjust focus.

TRAVEL: None

WORK ENVIRONMENT: The work is performed in a normal office environment. The noise level in the work environment is usually low to moderate.


  • All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, gender stereo typing, and age. First Tennessee is an EO employer – M/F/Vets/Disabled.
  • Please view Equal Employment Opportunity Posters provided by OFCCP

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