What are the responsibilities and job description for the Mortgage Underwriter - Remote position at Capital Bank?
About Us
Capital Bank N.A. is the fifth largest bank headquartered in Maryland, serving our communities since 1999. We offer commercial and consumer banking services to clients in the DC metro area, alongside two nation-wide lending brands; Capital Bank Home Loans and OpenSky, a credit card division that offers and services credit cards across all states.
Capital Bank Home Loans, a division of Capital Bank N.A., is a premier nationwide mortgage lender. We deliver over $1BLN in new mortgage originations annually with a 50 state platform, in house underwriting and closing, and excellent pricing and products. We invested in digitizing our online mortgage application process to help expedite home buying or refinancing for our customers.
For the second year in a row, American Banker named Capital Bank one of the “Best Banks to Work For” in the U.S. Come join a bank where our employees thrive and are engaged in meaningful work.
Position Responsibilities
- Underwrite Conventional HFA, FHA, VA, and USDA loans
- Ensure compliance with state and federal regulations, in addition to underwriting guidelines from FHLMC, FNMA, MI Companies, DPA agencies and other conduits.
- Review and analyze appraisal, credit, income, purchase contracts and DPA requirements
- Secure MI when required
- Issue loan approval, counter offer, or denial
- Serve as a subject matter expert to processors and originators
- Keep current with changes in underwriting standards and maintain up to date information
- Other duties as assigned
Minimum Education and Experience
- Five years’ experience underwriting Conventional, FHA, VA and USDA loans.
- DE certification required, VA LAAP certification required.
- Experience working with DU, LPA, GUS and other applicable automated underwriting engines
Preferred Qualifications and Skills
- In Depth knowledge of Fannie Mae, Freddie Mac, FHA, VA
- Strong knowledge of State and Federal laws pertaining to the mortgage banking industry (RESPA, TILA, ECOA, etc.)
- Strong working experience with FNMA, FHLMC, VA, and FHA underwriting guidelines
- Experience with non-conforming loans would be a plus
- Prior experience with government based underwriting preferred
- Working knowledge of the Encompass origination platform.
- A team player with the ability to work independently
- Excellent customer service skills
- Attention to detail with a high degree of accuracy
- Excellent written and verbal communication skills
- Proficient in Microsoft Office Suite including Word, Excel, and Outlook.
Additional Details
This position will be a remote role.
Supporting Businesses. Helping People. Strengthening Communities.
Capital Bank, N.A. is an Affirmative Action, E-Verify, and Equal Opportunity Employer.
