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Job Details

LR Mortgage Underwriting Processor

Company name

Seattle, WA, United States

Employment Type

Finance, Underwriting

Posted on
Jun 06, 2021

Valid Through
Sep 19, 2021

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Location:855 Main St. - Bridgeport, Connecticut 06604ABOUT LAUREL ROADTreating members to financial peace of mind. Laurel Road, a brand of KeyBank National Association, is a part of the rapidly expanding fintech space, providing members with online banking and lending solutions to build a bright financial future. With award-winning service, and over $7 billion in funded loans, and online lending products in all 50 states plus Washington D.C., Laurel Road's expanded services include mortgages, student loan refinancing, personal loans, and new savings and credit products, with a special dedication to serving the healthcare community.With the launch of Laurel Road for Doctors, a new suite of products and services for doctors, we've expanded our commitment to treating doctors to financial peace of mind. From physician mortgages to new savings and credit products that help them pay down med school loans, we believe those serving others deserve the same level of care from their bank.Join this dedicated, fast-growing mortgage team, where innovative technology, tailored products, and a commitment to premium service are giving our members the seamless experience, savings, convenience, and peace of mind they need to reach their financial goals.ABOUT THE JOB The LRM Underwriting Processor reports to the LRM Operations Manager and plays a critical role in ensuring a superior customer experience and the timely processing, review, and approval of residential mortgage applications. Through effective management of their assigned pipeline, the LRM Underwriting Processor:owns and champions the customer experience from application to close through effective pipeline management, problem solving and customer engagement.engages customers directly to convey and collect necessary information and documentation to process and decision mortgage applications.provides timely, proactive updates to the customer, loan officer and loan closer assigned to the file.verifies income, assets, credit, and collateral documents including self-employed personal and business tax returns, and identifies when information is incomplete, inaccurate, or missing.within lending authority, for conventional and jumbo loan programs, reviews, analyzes and approves residential loan applications originated through Laurel Road Mortgage; prepares and renders complete files to senior underwriter when loan amount is above lending authority.problem-solves, influences, and collaborates with originations team members to mitigate processing and approval hurdles.ESSENTIAL FUNCTIONSMonitor and proactively manage an application pipeline.Review all loan applications for accuracy, completeness, and complianceProactively engage and communicate effectively with customers, loan officers, Sr. Underwriter (if above UW authority level) and closers with regards to loan decisions, loan conditions, investor guidelines/documentation requirements and possible loan scenarios.Issue initial loan disclosures, re-disclosures, Notice of Incompleteness, Withdrawal Notice, Adverse Action Notice and Conditional Approval Letter as applicable for loans at or below lending authority.Submit completed files via the loan origination system to Sr Underwriter if loan amount is over lending authority limit.Evaluate creditworthiness of borrows to render a credit decision. This includes but is not limited to the review of paystubs, W2's, financial statements, tax returns, asset statements, bank account statements, credit reports, VOEs, WVOEs etc.Ensure all loans meet or exceed KeyBank Credit Policy and follow the Ability to Repay (ATR) and Qualified Mortgage provisions of the Dodd-Frank Act.Ensure all property tax, title work and insurance are accurate and completeEnsure Final 1008 & 1003 are accurate and complete and matches the final determinations.Verify the investor g

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