Bank of America Senior Mortgage Underwriter - Employee - Plano, TX in Plano, Texas

Senior Mortgage Underwriter - Employee - Plano, TX


Underwrites large or more difficult/complex residential loans ensuring compliance with appropriate company and secondary market investor standards. Examines loan documentation for accuracy and completeness. Works with loan originator or production staff to secure all required documents. May provide training and direction to more junior staff. Have authority to withdraw and decline loans. May develop and recommend modifications to underwriting and production procedures. Responsibilities include one or several types of mortgage lending (conventional, government-backed, etc.). May respond to individual and investor audits. Must achieve government underwriting authority consistent with individual level of experience, including a successful CAIVERS check. This position is subject to SAFE Act registration requirements. Pursuant to the SAFE Act requirements, all employees engaged in residential loan mortgage originations must register with the federal registry system and remain in good standing. Since your position requires SAFE Act registration, you will be required to register and to submit to the required SAFE Act background check and registration process. Failure to obtain and/or maintain SAFE Act registration may result in your immediate termination.


Required Skills:

  • Strong analytical skills.

  • 1-2 year previous manual Mortgage Underwriting experience.

  • Strong oral and written communication skills.

  • Excellent interpersonal skills.

  • Must have excellent problem solving skills.

  • Thorough understanding of credit and an ability to review complex financial documents.

  • Ability to assess an individual's creditworthiness while adhering to all regulatory and compliance requirements.

  • Ability to make credit recommendations.

  • Commitment to teamwork.

  • Ability to meet production, quality and service standards along with providing direct coaching and feedback to ensure quality.

  • Self-motivated.

  • Ability to work in a fast-paced, high volume environment, while practicing sound lending judgment.

  • SASE 3 certification required for current HLS employees. All others will be required to complete SASE 3 certification within 6 months.

  • 4 years of mortgage underwriting experience, including review of credit reports for accuracy and red flags, appraisal review, calculation of DTI, income, assets and LTV/CLTV and other complex financial documents (i.e. Tax Returns).

  • Proven ability to perform quality work while maintaining productivity and compliance standards.

  • Proven negotiation and communication skills with both fulfillment teammates, sales partners and customers.

  • Knowledge of conventional and/or government guidelines, federal lending regulations governing real estate lending. Strong written and verbal communication skills.

  • Teamwork and customer service skills are a MUST. Self-motivated and highly organized. Ability to prioritize multiple competing tasks. Flexibility to work extended hours during heavy workload periods. Must show strong capacity to address credit related issues and points of risk to ensure that underwriting meets quality assurance standards.

  • Familiarity with secondary market requirements.

Desired Skills :

  • FHA and VA underwriting experience with DE and SAR.

  • Customer contact experience & customer focused.

  • Computer & typing skills, with knowledge of Microsoft office.

  • Self starter, positive attitude & ability to multi-task.

Job: DU-Underwriting

Primary Location: US-TX-Plano

Work Locations: TX2972 6400 LEGACY DR Plano 75024


Travel: No

Job Posting Date: Oct 18, 2016

Unposting Date: Oct 25, 2016

Full/Part-time: Fulltime

Hours Per Week: 40.00

Shift: 1st Shift

Req ID: 16051256