Job Description
Heartland Financial USA, Inc. is a growing dynamic organization with many locations offering uniquely different banking and financial solutions for businesses and personal clients. As a performance driven company, we strive to create a culture of excellence with high standards, and high values while providing outstanding growth and involvement opportunities for employees. Join a team that makes "Great Things Happen!"
The Mortgage Loan Underwriter II evaluates borrowers’ creditworthiness and determines if residential real estate loan applications meet minimum investor and loan program standards.
1. Evaluates loan applications and borrowers’ creditworthiness.
2. Monitors Regulation B compliance and ensures that all loan underwriting decisions are made within applicable timeframes.
3. Determines whether or not to approve a loan application based on information provided by a loan applicant.
4. Verifies income and employment information, reviews credit history and calculates the value of a borrower’s collateral and assets.
5. Ensures that the property specifications and loan terms meet the bank’s underwriting guidelines and investor criteria.
6. Follows underwriting procedure and completes all underwriting logs.
7. Adheres to FNMA/FHLMC underwriting guidelines.
8. Approves loan requests that fall within the loan authority limits established for the position and recommends approval for loan requests that are outside of their authority limits.
9. Reviews and approves Automated Underwriting System ("AUS") findings.
10. Denies Mortgage loans that do not meet the standards and prepares a timely adverse action notice.
11. Clears loan conditions and forwards a loan to closing when appropriate.
12. Documents reasons for approval or denial, and completes adverse action notices, when required.
13. Notifies Loan Processor and/or Loan Officer of final decision.
14. Checks investor memos and keeps current on any changes.
15. Answers audit issues on purchased or pre-purchased loans.
16. Reviews scenarios with Loan Officers and Loan Processors and answers questions regarding underwriting.
17. Analyzes personal and business (Corporate, S Corporation, and Partnership) income tax returns and prepares Self-Employed Analysis for Mortgage loan qualification.
18. Reviews all appraisals (i.e., 1004, 1025) to confirm that they meet the standards for the loan type requested and support the market value conclusion.
19. Contacts appraisers, as necessary, to resolve conflicting information or appraisal issues.
20. Assists in the training of Mortgage lending personnel in documentation and underwriting standards for various Mortgage types.
21. Completes annual E-Learning Plan and Bank Secrecy Act (BSA) training as assigned and keeps up-to-date knowledge of BSA as it relates to the job function.
22. Performs other duties as assigned.
Job Requirements
1. Bachelor’s Degree in finance or related field.
2. 3-5 years of recent residential mortgage underwriting experience.
3. Working Knowledge of Automated Underwriting System to include DU and LP or similar AUS software.
4. Detailed knowledge of the loan processing system.
5. Working knowledge of FNMA/FHLMC, as well as various investor guidelines.
6. Knowledge of Microsoft Office; Outlook, Word and Excel.
Scheduled Weekly Hours:
40Time Type:
Full timeThe Heartland vision is to differentiate itself by highlighting its uniqueness as a commercial banking organization supported by a strong retail delivery system. As one of the top 100 bank holding companies nationwide, Heartland delivers high-quality financial products and service to clients in the Midwestern, Southwestern and Western United States.Heartland's common stock is traded through the NASDAQ® Global Select Market System under the symbol "HTLF."EOE/AA Employer · M/F/Disabled/VetMember FDIC · Equal Housing Lender
Employment at Heartland Financial USA, Inc. is employment at will