First Bank
MORTGAGE UNDERWRITER
Our Company
AtFirstBank PR, we strive to be a trusted advisor to our clients and our employees are the ones that ensure we deliver on our promise of excellence in personalized customer service. Our more than 3,100 employees in Puerto Rico, the Virgin Islands and Florida share a passion for excellent customer service. We are proud of our team because they are continuously surpassing our client’s expectations.
Do you have a passion for helping customers, building relationships, and delivering extraordinary, personalized customer service? If your answer is yes, FirstBank is the number one place for you.
A Brief Overview The Mortgage Loans Underwriter approves or denies mortgage loans according to the lending authorized. Ensures that all loans comply with the investor’s requirements to sell them in the secondary market.
Accountable for adhering to the Bank’s BSA, AML and Office of Foreign Asset Control (OFCA) applicable policies. Employee must follow specific unit procedures developed in compliance with the policies. Employee is also responsible for reporting any suspicious activity and/or transactions in accordance with the Bank’s processes and comply with any mandatory BSA, AML and OFAC training assigned.
What You’ll Do
Approves or denies mortgage loans according to the established guidelines.
Mortgage’s credit policy, and the investor’s requirements.
Presents cases to the loans committee, when necessary.
Writes Credit Approval Memoranda to present to the credit committee.
Answers the auditor and Quality Assurance Department’s reports.
Assists the Chief underwriter in a variety of assigned tasks.
Supports Loan Processors effort in the documentation of each case.
Additional Responsibilities Supports management as requested.
What You’ll Need to Succeed Formal Education
A Bachelor’s degree in any related area and three years or more of progressive experience (similar position-underwriting) within the Mortgage Banking Industry, is required for this job.
Specialized courses in mortgage banking industry, risk analyst and underwriter workshops are required for the appropriate performance of this job
Underwriter certification (preferred).
Knowledge and Experience
Expertise on required documents for eligibility and the regulations for all types of mortgage loans as; FHA, VA, Conventional-Conforming, Conventional Non-Conforming.
Mortgage Banking Industry regulations and procedures knowledge
Risk analysis and underwriting knowledge.
Expertise on required documents for eligibility and the regulations for all typesof mortgage loans as; FHA, VA, Conventional-Conforming, Conventional Non-Conforming.
Mortgage Banking Industry regulations and procedures knowledge
Risk analysis and underwriting knowledge communications skills
Must write, speak, and comprehend Spanish and English languages
EMPLOYMENT OPPORTUNITY EMPLOYER #J-18808-Ljbffr
Do you have a passion for helping customers, building relationships, and delivering extraordinary, personalized customer service? If your answer is yes, FirstBank is the number one place for you.
A Brief Overview The Mortgage Loans Underwriter approves or denies mortgage loans according to the lending authorized. Ensures that all loans comply with the investor’s requirements to sell them in the secondary market.
Accountable for adhering to the Bank’s BSA, AML and Office of Foreign Asset Control (OFCA) applicable policies. Employee must follow specific unit procedures developed in compliance with the policies. Employee is also responsible for reporting any suspicious activity and/or transactions in accordance with the Bank’s processes and comply with any mandatory BSA, AML and OFAC training assigned.
What You’ll Do
Approves or denies mortgage loans according to the established guidelines.
Mortgage’s credit policy, and the investor’s requirements.
Presents cases to the loans committee, when necessary.
Writes Credit Approval Memoranda to present to the credit committee.
Answers the auditor and Quality Assurance Department’s reports.
Assists the Chief underwriter in a variety of assigned tasks.
Supports Loan Processors effort in the documentation of each case.
Additional Responsibilities Supports management as requested.
What You’ll Need to Succeed Formal Education
A Bachelor’s degree in any related area and three years or more of progressive experience (similar position-underwriting) within the Mortgage Banking Industry, is required for this job.
Specialized courses in mortgage banking industry, risk analyst and underwriter workshops are required for the appropriate performance of this job
Underwriter certification (preferred).
Knowledge and Experience
Expertise on required documents for eligibility and the regulations for all types of mortgage loans as; FHA, VA, Conventional-Conforming, Conventional Non-Conforming.
Mortgage Banking Industry regulations and procedures knowledge
Risk analysis and underwriting knowledge.
Expertise on required documents for eligibility and the regulations for all typesof mortgage loans as; FHA, VA, Conventional-Conforming, Conventional Non-Conforming.
Mortgage Banking Industry regulations and procedures knowledge
Risk analysis and underwriting knowledge communications skills
Must write, speak, and comprehend Spanish and English languages
EMPLOYMENT OPPORTUNITY EMPLOYER #J-18808-Ljbffr