SUMMARY/OBJECTIVES

Functions include underwriting residential mortgage loans to ensure loans meet the guidelines of applicable insuring and guaranteeing agencies, investors, and SouthState Bank; utilizing applicable Automated Underwriting Systems; and reviewing information to detect fraud.  Ensures compliance with SouthState Bank Corporate Code of Conduct and Ethics and other operating procedures.  May supervise a team of underwriters.

ESSENTIAL FUNCTIONS

• Underwrites residential first mortgage loans within assigned lending authority according to applicable guidelines of insuring and guaranteeing agencies, secondary market investors, and/or SouthState Bank credit policies. 
• Examines documentation provided by borrowers and third-party verification sources for validity and compliance with AUS findings and/or manual underwriting standards.
• Reviews property appraisals to ensure collateral acceptability in accordance with corporate, agency and investor standards.
• Reviews fraud reports and conditions loans appropriately for resolution of issues.
• Issues loan approvals, reviews and clears underwriting conditions
• Issues loan denials and forwards for second review/or
• Responds to questions from Mortgage Loan Officers, Mortgage Processors, Closers, and others regarding underwriting decisions and/or conditions and/or general policy and scenario questions.
• Performs second reviews of denied loans
• Updates Loan Origination System and Automated Underwriting Systems
• Mortgage Loan Underwriter Senior can underwrite multiple loan types and/or loans with highly complex income and loan scenarios using AUS findings or manual underwriting processes.   Serves as an expert resource to other underwriters, sales partners, and others outside the mortgage division for consultation on complex income and loan scenarios, appraisals, and other mortgage underwriting topics within designated specialty area of underwriting.
• Accepts and performs other duties as deemed to be essential.