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Lead Mortgage Underwriter

Hancock Whitney
United States, Louisiana, Covington
Jul 11, 2025

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JOB FUNCTION / SUMMARY:

The Lead Mortgage Underwriter serves as the team lead of the Mortgage Underwriter to ensure a solid operational foundation. This position is also responsible for approving or denying mortgage loans; reviewing mortgage loan applications for completeness to ensure that it meets the guidelines for loan product requested and ensuring files comply with regulatory and legal guidelines.

ESSENTIAL DUTIES & RESPONSIBILITIES:

  • Serves as the team lead and subject matter expert to the department. Researches and resolves complex issues and serves as a resource to team members on escalated issues of a complex nature.

  • 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.

  • Coaches Processors, Loan Officers, and Junior Underwriters/Validators when appropriate and works with them to find solutions to problems where permissible.

  • 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.

  • Performs all other duties as assigned.

SUPERVISORY RESPONSIBILITIES:

Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring and training employees; planning, assigning and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

MINIMUM REQUIRED EDUCATION, EXPERIENCE & KNOWLEDGE:

  • 6+ years of experience preferred OR

  • Bachelor's degree and 3+ years related experience 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.

Equal Opportunity/Affirmative Action Employers. All qualified applicants will receive consideration for employment without regard to race, color, religious beliefs, national origin, ancestry, citizenship, sex, gender, sexual orientation, gender identity, marital status, age, physical or mental disability or history of disability, genetic information, status as a protected veteran, disabled veteran, or other protected characteristics as required by federal, state and local laws.

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