Underwriter II

The Mortgage Underwriter II evaluates credit and property risks for Conventional, FHA and Rural Development loans from affiliated banks and correspondent lenders. Duties and responsibilities include the following:

• Performs a preliminary and final review of FHA, Rural Development, Conventional, VA and IFA applications for Heritage and Alliance loan applications.
• Establish property values and appraisal analysis for HUD, VA, USDA and Conventional loans.
• Review loan files for compliance with investor guidelines.
• Follow IBMC loan review and quality control guidelines as files are reviewed.

This position is eligible for a $5,000 sign on bonus to be paid out after 90 days of employment.

This position is NOT a remote work opportunity. You must be able to work in the Johnston, IA office.

Required Education: High School Diploma or GED.

Required Work Experience: Minimum 5 years Conventional, FHA, USDA and VA underwriting experience or equivalent combination of education or experience. Has actively been underwriting loans in the past 12 months.

Specialized Training/Certifications: Appraisal or underwriting training; at least 1 Government Loan Program designation (FHA Direct Endorsement, VA Lapp Authority).

Job Type: Full-time

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Disability insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Referral program
• Vision insurance

Schedule:

• Day shift
• Monday to Friday

Supplemental Pay:

• Signing bonus

Experience:

• Underwriting: 1 year (Required)

Company's website:

• https://www.iowabankers.com/default.aspx

Work Remotely:

• No

COVID-19 Precaution(s):

• Personal protective equipment provided or required
• Plastic shield at work stations
• Social distancing guidelines in place
• Sanitizing, disinfecting, or cleaning procedures in place