The State Bank And Trust Company - Dublin, OH
posted 4 months ago
The Senior Residential Real Estate Underwriter is responsible for underwriting both conventional and government loans in accordance with established company, agency, and investor guidelines and procedures. This role requires a thorough understanding of real estate lending regulations and procedures, as well as the ability to coordinate work within the unit and with other departments. The underwriter will ensure compliance with operating policies and procedures related to the real estate loan function, and will play a critical role in the overall risk management and safety of the bank's lending practices. In this position, the underwriter will perform essential duties such as reviewing and analyzing appraisal and inspection reports, determining the necessary information for automated underwriting systems, and computing qualifying ratios to assess creditworthiness. The underwriter will also review loan files for completeness and consistency, using their underwriting authority to make credit decisions for loan applications. Communication is key in this role, as the underwriter will coordinate with loan officers and processors, keeping all parties informed of application statuses and responding to inquiries related to underwriting guidelines. Additionally, the Senior Residential Real Estate Underwriter will provide leadership and on-the-job training to Mortgage Loan Originators, Processors, and Closers, ensuring that all team members adhere to internal policies and regulatory requirements. The role also involves maintaining accurate records, providing reports as needed, and supporting the bank's compliance with laws such as TRID, RESPA, and the Equal Credit Opportunity Act. The underwriter must be proactive in responding to audits and addressing any post-closing issues that may arise, all while fostering a workplace environment free from discrimination and harassment.