Part-time Mortgage Underwriter - Remote

Who We Are
Southern Bancorp is more than a bank. As a Community Development Financial Institution (CDFI), a special certificate on designated for institutions that serve predominantly underserved communities, Southern Bancorp combines traditional banking and lending services with financial development tools and public policy advocacy to help families and communities grow stronger. Inspired by the principle that building net worth drives economic opportunity, our mission is to be wealth builders for everyone in the communities we serve, with a focus on low-wealth and un(der)banked populations, as well as an emphasis on Black and Brown individuals.  

Job Summary:

The Mortgage Underwriter works with Lenders, Managers and Processors to secure all required documents for loan file completion and responsible for the analytical work required to underwrite secure mortgage loans.

This is a remote position open to candidates residing in AL, AR, FL, GA, LA, MS, MO, NC, SC, TN, or TX.

Responsibilities:

• Manage the underwriting pipeline to ensure adherence to service level agreements.
• Evaluate residential mortgage applications and documentation to determine if the borrower, property, and loan conditions meet investor, FNMA, and/or FHLMC underwriting guidelines, and render a loan decision.
• Review all documentation submitted in a file for compliance with product and investor guidelines, borrower validation, ability to repay, and risk mitigation.
• Accurately calculate income and assets, and provide sufficient documentation to support findings and decisions.
• Make an underwriting decision on each loan file within the established service level agreements and effectively communicate all decisions to the appropriate parties.
• Communicate effectively with sales and operations teams to assist in resolving mortgage application conditions.
• Enter all underwriting conditions and HMDA data related to the underwriting decision into the LOS.
• Order PMI according to investor and program requirements through approved PMI providers.
• Consistently meet or exceed established productivity and quality goals.
• Perform other duties as assigned.

 Requirements:

• Bachelor's degree preferred, or equivalent education and five years of underwriting experience in mortgage banking and/or training; or an equivalent combination of education and experience.
• Knowledge of basic lending and underwriting policies and procedures, including guidelines issued by FNMA, FHLMC, FHA, VA, RD, and multiple investors.
• FHA DE and VA LAPP/SAR designations required.
• Thorough knowledge of mortgage principles and theories.
• Appraisal review and tax return analysis skills required.
• Understanding of TILA, RESPA, and predatory lending regulations.
• Strong analytical, decision-making, and problem-solving skills.
• Exceptional attention to detail and the ability to manage a high-volume workload accurately.
• • Excellent interpersonal, organizational, prioritization, and time management skills.
• Proficient with computers, including LOS systems, Microsoft Office, and Excel. Ability to learn and utilize multiple software programs. Experience in a paperless environment is preferred.
• Ability to deliver effective results and meet deadlines with minimal supervision.
• Self-starter with adaptability to a changing environment and the ability to collaborate effectively with others.
• Strong written and verbal communication skills.
• Professional demeanor in appearance, interpersonal relations, work ethic, and attitude.
• Ability to communicate promptly and meet department response time standards.
• Fluency in a second language is preferred, but not required.

Physical/Sensory Requirements: Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

What we offer our employees:

A positive impact on Your Future:

• 401(k)/Roth plan with immediate eligibility and employer match up to 6%
• Employee stock ownership plan
• Discounted rate on primary home mortgage
• Credit and housing counseling as well as free financial education tools available to customers and employees

 Benefits to improve your health:

• No deductible medical insurance plan
• Dental and vision insurance 
• Employer paid life and long-term disability insurance
• Flexible Spending Accounts

The opportunity to nurture your well-being:

• Paid holidays and paid time off 
• Bonus plan 
• Opportunity for merit raises
• Employee reward and recognition programs
• Community service opportunities

Southern Bancorp is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, age, sexual orientation, gender identity, gender expression, status as a protected veteran, among other things, or status as a qualified individual with disability. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

As a Community Development Financial Institution, Southern Bancorp desires its workforce to reflect the diversity of the customers and communities that we serve. Racial and ethnic minorities, people from working class backgrounds, women and LGBTQ people are often underrepresented in many financial service industry professions. Therefore, we strongly encourage applications from people with these identities or who are members of other marginalized communities.