The Retail Underwriter Officer will guarantee that all loan application packages, through thorough analysis, contain the appropriate information and documentation that is necessary to satisfy the requirements of Bank guidelines, Fannie Mae or Freddie Mac. This employee will provide an approval or rejection of the loan application based on an informed underwriting decision using the above guidelines.
Principle Activities and Duties:
Complete a detailed analysis of an appraisal report and loan file to insure the standards necessary to conform to the underwriting guidelines listed above.Accurately determine the borrower’s ability and willingness to repay the debt.Document the system either for approval or rejection outside of standard underwriting procedures.Respond accurately to underwriting questions from loan originators or correspondents to insure that consistent policy and procedures are followed as prescribed by the bank.Instruct other employees of new procedures or the review of existing procedures.Review loan packages after initial processing step is complete to identify critical areas that could adversely affect the probability of loan approval. Provide the appropriate follow up in these areas.Maintain complete awareness of quality customer service through effective communication and by presenting the Bank in a positive, professional, and courteous manner.
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