Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.

At Regions, the Loan Fulfillment Mortgage Underwriter is responsible for evaluating and approving or denying loan applications in a timely manner according to investor and Regions guidelines. This level contains both government designations or jumbo lending authority of $1M or higher.

Primary Responsibilities

• Reviews loan application in conjunction with income, asset and credit documentation for data integrity and accuracy
• Performs manual underwriting on files according to guidelines and performs analysis of income assets, credit, Fair Isaac Corporation (FICO), Debt to Income, Loan to Value and review for any potential risk
• Sets clear and concise conditions for missing documentation that is necessary to meet investor guidelines
• Communicates underwriting decision and explains reasons for conditions in the Empower system
• Responds to questions on conditions from processors, Mortgage Loan Coordinators (MLCs), or Mortgage Loan Originators (MLOs) in a reasonable timeframe
• Documents and notifies all parties of any reasons for a suspended file and monitors timelines to make a final approval or decline
• Reviews the underwriting conditions and re-runs the Automated Underwriting, if applicable
• Performs cursory review of the appraisal for accuracy
• Works independently, with guidance in only the most complex situations
• May train associates with less experience

This position requires the tracking of time and is eligible for overtime for hours worked in excess of 40 per week under the Fair Labor Standards Act.

This position is incentive eligible.

Requirements

• High School Diploma or GED
• Four (4) years of underwriting experience and active Direct Endorsement Program Lender (Federal Housing Administration) DE(FHA) and/or Lender Appraisal Processing Program LAPP (VA) designations

Preferences

• Non-conforming Jumbo underwriting experience
• Bachelor's degree

Skills and Competencies

• Ability to meet timelines
• Advanced knowledge of sales contracts, applications and loan appraisals
• Detail oriented
• Extensive knowledge of agency and investor guidelines and regulations
• Good problem-solving skills
• Good organization and communication skills
• Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)

This is a fully remote role.

Previous Regions Mortgage Experience preferred.

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:

Minimum:

$83,967.00 USD

50th Percentile:

$104,720.00 USD

Incentive Pay Plans:

This role is eligible to participate in a formulaic incentive plan. Employees have the potential to earn incentives based on performance against defined metrics and goals.

Location:

Hoover, Alabama

Equal Opportunity Employer/including Disabled/Veterans

Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.