Hancock Whitney Corporation

Senior Mortgage Underwriter

Hancock Whitney Corporation • $80K — $95K *
Houston, TX 77084In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 6+ years of mortgage underwriting experience preferred
  • Bachelor's degree with 2+ years in a related field or equivalent experience
  • FHA DE designation required, VA LAP designation preferred
  • Knowledge of FHA, VA, RD, and conventional loan products
  • Strong understanding of regulatory compliance in mortgage lending
  • Proficient in loan origination systems and investor conduit systems

Responsibilities

  • Underwrite FHA, VA, RD, and conventional loans
  • Ensure appraisals meet investor and bank standards
  • Review employment and income documentation for accuracy
  • Check credit history for compliance with investor criteria
  • Assess loan documents for potential fraud or misrepresentation
  • Evaluate loan acceptability for secondary mortgage markets
  • Communicate with relevant parties regarding loan statuses

Benefits

  • Health, dental, and vision insurance
  • Retirement plan options
  • Paid time off and holidays
  • Professional development and training opportunities
  • Flexible work arrangements
Full Job Description
JOB FUNCTION / SUMMARY:

The Senior Mortgage Underwriter approves or denies mortgage loans; reviews mortgage loan applications for completeness to ensure that it meets the guidelines for loan product requested and ensures file complies with regulatory and legal guidelines.

ESSENTIAL DUTIES & RESPONSIBILITIES:

  • Underwrites conventional Federal Housing Authority (FHA), Veterans Affairs (VA), Rural Housing Development (RD), and portfolio loans.
  • Ensures that appraisals meet investor and bank requirements and that the value conclusion is reasonable and well supported.
  • Reviews all employment, income, and asset documentation to ensure that it is accurate and satisfies investor requirements.
  • Reviews credit history and scores to ensure the borrower's credit meets the investor requirements.
  • Reviews all documents and information for potential fraud or misrepresentation and for regulatory compliance.
  • Reviews and evaluates information on mortgage loan documents to determine if buyer, property, and loan conditions meet establishment and government standards.
  • Evaluates acceptability of loan to corporations that buy real estate loans on secondary mortgage markets, where existing mortgages are bought and sold by investors.
  • Approves or rejects loan application, or requests additional information.
  • Records loan rejections, specifying investor and institution guidelines and basis for declining application, such as insufficient cash reserves.
  • Determines terms and acceptability of risk of prospective business.
  • Sets prices for prospective mortgage loan applicants.
  • Approves or rejects loan application, or requests additional information.
  • Assembles documents in loan files, including acceptance or denial, and returns files to originating mortgage loan office. Maintains database on new and existing business.
  • Manages and utilizes systems to ensure they accurately reflect the loan request and information (current loan origination system and other investor conduit systems, etc.).
  • Communicates and coordinates necessary approval requirements and files status with appropriate persons (originator, processor, closers, Realtors, builders, etc.).
  • Participates in implementing second review committee for denied loans.


SUPERVISORY RESPONSIBILITIES:

None

MINIMUM REQUIRED EDUCATION, EXPERIENCE & KNOWLEDGE:

  • 6+ years' experience preferred
  • Bachelor's degree and 2+ years related experience and/or equivalent combination of education and experience
  • Certificates, Licenses, Registrations:
    • An FHA DE designation is required and a VA LAP designation is preferred.


ESSENTIAL MENTAL & PHYSICAL REQUIREMENTS:

  • Ability to travel if required to perform the essential job functions.
  • Ability to work under stress and meet deadlines.
  • Ability to operate related equipment to perform the essential job functions.
  • Ability to read and interpret a document if required to perform the essential job functions.
  • Ability to lift/move/carry approximately 10 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division an "undue hardship" then the employee must be accommodated; hence omitting lifting/moving/carrying as a physical requirement.


About Hancock Whitney Corporation

Hancock Whitney Corporation is a bank holding company headquartered in Gulfport, Mississippi. It operates 237 branches in Mississippi, Alabama, Florida, Louisiana, and Texas. The bank offers a range of services, including personal and business banking, wealth management, and insurance. Hancock Whitney Corporation was founded in 1899 as Hancock Bank and has grown through a series of mergers and acquisitions. The bank has a strong commitment to community involvement and has been recognized for its philanthropic efforts.
Learn more about Hancock Whitney Corporation
Size
3,486 employees
Market Cap
$4.1 billion
Industry
Finance & Insurance
Net Income
-$45.1 million
5 Year Trend
+6.1%
NASDAQ
HWC
* Ladders Estimates

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