Underwriter
F&M Bank (Farmers & Merchants Bank), Harrisonburg, VA, United States
Summary
Responsible for underwriting residential mortgage loans (Conventional, FHA, VHDA, USDA) to determine borrower eligibility in accordance with secondary market, government, and internal lending guidelines. Performs both manual and automated underwriting to ensure accurate, compliant, and timely loan decisions.
Essential Duties
Review and analyze mortgage loan applications along with supporting financial documentation.
Verify borrower income, assets, employment, and credit history for accuracy and completeness.
Assess borrower’s ability to repay based on financial data and risk factors.
Evaluate property appraisals to ensure adequate collateral and compliance with lending standards.
Make underwriting decisions, including loan approval, suspension, or denial, based on established guidelines.
Ensure compliance with all federal, state, and investor regulations (FHA, VA, Conventional, USDA).
Maintain accurate and complete loan documentation throughout the underwriting process.
Communicate loan decisions, conditions, and requirements clearly to loan officers and stakeholders.
Perform detailed validation of loan documents, including tax returns, bank statements, pay stubs, and employment history.
Collaborate with loan officers, processors, and closing teams to resolve discrepancies and clear conditions.
Provide guidance and support on complex or technical underwriting scenarios.
Supervisory Responsibilities This position has no supervisory responsibilities.
Requirements
Strong analytical and mathematical skills
Excellent attention to detail
Proficiency in mortgage lending software and Microsoft Office
Familiarity with lending regulations and guidelines
High School Diploma or GED with a minimum of five years’ experience in loan processing and/or two years’ experience in loan underwriting
FHA DE Approval desired
Current driver’s license
Physical and Mental Demands The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Work Environment This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets, and fax machines.
Position Type/Hours This is a non-exempt position working Monday – Thursday, 8:30 a.m. – 5 p.m. and Friday, 8:30 a.m. – 5:30 p.m., with overtime as necessary.
Travel Travel is primarily within the Bank’s market areas during the business day with occasional out-of-area travel for continuing educational opportunities.
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Essential Duties
Review and analyze mortgage loan applications along with supporting financial documentation.
Verify borrower income, assets, employment, and credit history for accuracy and completeness.
Assess borrower’s ability to repay based on financial data and risk factors.
Evaluate property appraisals to ensure adequate collateral and compliance with lending standards.
Make underwriting decisions, including loan approval, suspension, or denial, based on established guidelines.
Ensure compliance with all federal, state, and investor regulations (FHA, VA, Conventional, USDA).
Maintain accurate and complete loan documentation throughout the underwriting process.
Communicate loan decisions, conditions, and requirements clearly to loan officers and stakeholders.
Perform detailed validation of loan documents, including tax returns, bank statements, pay stubs, and employment history.
Collaborate with loan officers, processors, and closing teams to resolve discrepancies and clear conditions.
Provide guidance and support on complex or technical underwriting scenarios.
Supervisory Responsibilities This position has no supervisory responsibilities.
Requirements
Strong analytical and mathematical skills
Excellent attention to detail
Proficiency in mortgage lending software and Microsoft Office
Familiarity with lending regulations and guidelines
High School Diploma or GED with a minimum of five years’ experience in loan processing and/or two years’ experience in loan underwriting
FHA DE Approval desired
Current driver’s license
Physical and Mental Demands The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Work Environment This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets, and fax machines.
Position Type/Hours This is a non-exempt position working Monday – Thursday, 8:30 a.m. – 5 p.m. and Friday, 8:30 a.m. – 5:30 p.m., with overtime as necessary.
Travel Travel is primarily within the Bank’s market areas during the business day with occasional out-of-area travel for continuing educational opportunities.
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