Role overview

Qualifications

High school diploma or equivalent (GED)
Minimum of fifteen (15) years of experience underwriting conventional, VA, FHA and Indiana Housing loans

Responsibilities

Review and validate the calculations submitted by the process
Validate income used is calculated correctly
Analyze the loan file for approval or denial based on applicable guidelines and acceptable lending practices
Provide feedback and guidance to processors and other underwriters to ensure continual learning

Key facts

Remote from: Indiana (USA), Kentucky (USA), Michigan (USA), Ohio (USA)
Full time
Senior (5-10 years)
Mortgage Loan Officer
English

Hard skills

Underwriting Credit Analysis VA Loans Mortgage Loans Conventional Lending User Feedback

Other skills

Collaboration
Training And Development
Problem Solving

About the company

First Merchants Corporation

Financial Services

First Merchants Corporation is the largest financial services holding company in Central Indiana, headquartered in Muncie, Indiana. The Corporation has one full-service bank charter, First Merchants Bank. The Bank also operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank). First Merchants Corporation’s common stock is traded on the NASDAQ Global Select Market System under the symbol FRME. First Merchants offers customers broad financial services throughout locations in Indiana, Ohio, Illinois and Michigan providing:• Commercial Banking (business) – checking, treasury management, card services, financing, loans, electronic banking, online and mobile banking.• Personal Banking (consumer) – checking, savings, CDs, mortgages, loans, IRAs, HSAs, online and mobile banking.• Private Wealth Advisors - trusts, investments, 401(k) plans, 403(b) plans, profit sharing plans, pension plans, cross-tested plans, cash balance plans, Flexible Spending Accounts, IRAs, SEP IRAs, and succession planning.First Merchants is committed to customers by:• Developing strong relationships.o As financial advisors – our professionals listen and provide solutionso The tenure of our professionals averages eight years, meaning you will enjoy continuity of serviceo We hire local professionals from the communities we serve• Customers benefit from local decision making.o Decisions are made fastero The process is streamlined, with each customer having a single point of contact.o Our financial professionals are empowered to develop tailored solutions.• The local communities we serve benefit from First Merchants’ involvement and support.Member FDIC, Equal Housing Lender. Investment Management solutions provided by First Merchants Private Wealth Advisors may not be FDIC insured, are not deposits of First Merchants Bank and may lose value. First Merchants and the shield logo are registered service marks of First Merchants Corporation.

Company details

Company typeLarge

IndustryFinancial Services

Company size1001 - 5000

Links

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Job description

First Merchants Bank is seeking a Sr, Mortgage Loan Underwriter to join our team! This position will analyze, evaluate and approve or decline loan files for credit worthiness and compliance with all applicable guidelines and policies.

Essential Duties and Responsibilities:

Review and validate the calculations submitted by the process.
- Validate income used is calculated correctly.
- Validate income used is acceptable.
- Validate asset value calculations.
- Validate assets are acceptable and properly documented.
Review and analyze the file set up for compliance with product requirements.
- Validate Automate Underwriting System (AUS) findings match the file information and set up.
- Validate the product is acceptable for investor selected.
Review files for denial while in processing.
Analyze the loan file for approval or denial based on applicable guidelines and acceptable lending practices.
Collaborate with the processor prior to underwriting on loan files with difficult characteristics.
Correspond with the investor or agency to support/clarify guidelines and appropriate means of compliance.
Provide feedback and guidance to processors and other underwriters to ensure continual learning.
Completion of the HMDA related information on all files reviewed.
Assist with policy changes.
Train new underwriters.
Provide support to the sales team as part of the Scenario Desk.
Assist with audit responses.

To be successful in this position, we require the following:

High school diploma or equivalent (GED).
A minimum of fifteen (15) years of experience underwriting conventional, VA, FHA and Indiana Housing loans.

First Merchants offers the following:

Base Pay PLUS Bonuses
Medical, Dental and Vision Insurance
401k
Health Savings and Flexible Spending Accounts
Vacation/Sick Time
Paid Holidays
Paid Parental Leave
Tuition Reimbursement
Additional Benefits

A little about us:

First Merchants is guided by a genuine philosophy of being a meaningful place to work and having a prosperous impact across all walks of life throughout the communities we serve, including consumers, businesses and other organizations. Our Vision, Mission and Team statement reflect and reinforce that authentic service philosophy.

Our Vision is:

To enhance the financial wellness of the diverse communities we serve.

Our Mission is:

To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders.

Our Team:

"We are a collection of dynamic colleagues with diverse experiences and perspectives who share a passion for positively impacting lives. We are genuinely committed to attracting and engaging teammates of diverse backgrounds. We believe in the power of inclusion and belonging."

Apply today to begin your career with us!