Regions Bank Loan Fulfillment Mortgage Underwriter in Topeka, Kansas
Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.
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At Regions, the Loan Fulfillment Mortgage Underwriter is responsible for evaluating and approving or denying loan applications in a timely manner according to investor and Regions guidelines. This level contains one government designation or jumbo lending authority of $750,000.
Reviews loan application in conjunction with income, asset, and credit documentation for data integrity and accuracy
Manually underwrites files according to guidelines and performs analysis of income assets, credit, Fair Isaac Corporation (FICO), Debt to Income, Loan to Value and review for any potential risk
Sets clear and concise conditions for missing documentation that is necessary to meet investor guidelines
Communicates underwriting decision and explains reasons for conditions in the Empower system
Responds to questions on conditions from processors, Mortgage Loan Companies (MLC's), or Mortgage Loan Originators (MLO's) in a reasonable timeframe
Documents and notifies all parties of any reasons for a suspended file and monitors timelines to make a final approval or decline
Reviews the underwriting conditions and re-runs the Automated Underwriting, if applicable
Performs cursory review of the appraisal for accuracy
Performs tasks with some degree of autonomy; however, partners with more experienced associates for complex issues
Receives a moderate level of guidance and direction
This position requires the tracking of time and is eligible for overtime for hours worked in excess of 40 per week under the Fair Labor Standards Act.
This position is incentive eligible.
High School Diploma or GED
Two (2) years of underwriting experience or active Direct Endorsement Program Lender (Federal Housing Administration) DE(FHA) and/or Lender Appraisal Processing Program LAPP (VA) designations
DE(FHA) or LAPP (VA) designations
Non-conforming Jumbo underwriting experience
Skills and Competencies
Ability to meet timelines
Advanced knowledge of agency and investor guidelines and regulations
Good organization and communication skills
Good problem-solving skills
Knowledge of sales contracts, applications and loan appraisals
Prefers FHA/VA/USDA Underwriter
This role is OFFSITE, Work from Home.
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the national range and level of the position
Job Range Target:
Incentive Pay Plans:
This role is eligible to participate in a formulaic incentive plan. Employees have the potential to earn incentives based on performance against defined metrics and goals.
Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Health Savings Account
Flexible Spending Account
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.
LOCH - Loan Operations Center Hattiesburg
Bring Your Whole Self to Work
We have a passion for creating an inclusive environment that promotes and values diversity of race, color, national origin, religion, age, sexual orientation, gender identity, disability, veteran status, genetic information, sex, pregnancy, and many other primary and secondary dimensions that make each of us unique as individuals and provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work is the right thing to do.
OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans
At Regions, our culture focuses on five core values that are a commitment to how we will do business:
Put people first
Do what is right
Focus on your customer
Through these values, our mission to make life better drives our desire to improve and make a positive difference in the communities where we work and live through financial investments and volunteering.