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As a part of TIAA’s Financial Solutions business, TIAA Bank, a division of TIAA, FSB, provides full-service, nationwide banking and lending services to consumer, commercial and institutional clients through a variety of channels, including online, its Florida-based financial centers and at other business offices throughout the country.Position SummaryThe Underwriter III position is responsible for reviewing standard and more complex conventional/conforming standard and JUMBO loan submissions ensuring they meet company and investor guidelines and evaluating loans in such a way as to maximize company profit and minimize company risk exposure. This position will weigh credit risk to ensure liability taken on the by company results in saleable loans. The successful candidate should have experience providing excellent customer service to internal and external customers and demonstrated ability working effectively with processing and sales teams in an action-oriented environment. Must have experience meeting daily volume requirements and maintaining a high degree of accuracy.Essential FunctionsReviews all loan submissions and follow-up conditions provided by borrower/lenderEnsures that corporate operating standards are met for underwriting and complianceEnsures that customer service commitments are metReviews all items and conditions provided by borrowers and ensure they meet the required guidelinesReviews items that are a variation of the actual condition required to determine if the acceptance of this condition will be acceptable to the investorEnsures quality control standards are met so company is able to sell loanEnsures all credit decisions meet compliance standardsMonitors property appraisal process to ensure value of property is accurately presentedUnderwrites loans using automated processesKnowledge, Skills, and AbilitiesMust have experience and full working knowledge of agency underwriting and selling guidelinesMust have experience and skill reviewing documents within corporate timeframes and maintaining low error ratesMust be well organized and high-functioning in an action-oriented environmentMust have experience and skill accurately assessing riskMust be proficient in determining if submitted conditions are acceptable, offering alternative suggestions as neededAbility to learn and become proficient reviewing jumbo loan submissions. Must be proficient reviewing more complex loans including but not limited to self-employed borrowers.Dedicated to meeting and exceeding the expectations and requirements of internal and external customersAbility to establish and maintain effective relationships with peers and customers gaining their trust and respectMust have strong communication skills, both verbal and writtenAbility to effectively mentor those with less underwriting experienceQualifications5 years’ work history in the mortgage banking industry to include a minimum of 4 years in an underwriting capacityProficient in both AUS and traditional underwriting systems with a demonstrated ability to analyze more complex transactionsMay be granted conforming authority, but this role requires at least one of the following authorities: government (FHA, VA) with required certification as needed, jumbo, or USDAMay also be granted, portfolio and/or exception authority to include credit, income, asset, and appraisal reviewEqual Employment Opportunity is not just the law, it’s our commitment. Read more about the.If you need assistance applying due to being visually or hearing impaired, please email, or callWe are an Equal Opportunity/Affirmative Action Employer. We will consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.Additional Information
Requisition ID: 1725902
Company: TIAA Bank
