Mortgage Loan Underwriter III Job at Iowa Bankers Mortgage Corporation, Johnston, IA

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  • Iowa Bankers Mortgage Corporation
  • Johnston, IA

Job Description

Job Description

The Mortgage Loan Underwriter evaluates credit and property risks for Conventional, FHA, and Rural Development loans from affiliated banks and correspondent lenders. 

  • 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.  
  • Reviews loan files for compliance with investor guidelines. 
  • Follow IBMC loan review and quality control guidelines as files are reviewed.  

Required Education: High school diploma or general education degree (GED)  

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

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

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Job Tags

Work experience placement,

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