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Residential Mortgage Underwriter

Posted on Aug 17, 2019 by KS StateBank

Minneapolis, MN 55427
21 Aug 2019
Annual Salary

Do you have mortgage underwriting experience? Are you a team player who enjoys working in a fast-paced environment? Do you have a strong commitment to customer service? If so, KS StateBank has an opportunity for you. Our Mortgage Lending team is looking for someone to join us as a Residential Mortgage Underwriter at our Loan Production Office in Golden Valley.

In this position you will review and underwrite loan applications to include: FHA, VA, Conforming, Investor loans, USDA Guaranteed, and portfolio loans in accordance with guidelines and compliance standards. You will also inform our processors, loan officers and management of your findings.


  • Analyzes credit, income, tax returns, assets and appraisals; determine the borrower's credit worthiness and ability to repay the loan as agreed for the terms requested
  • Mitigates bank risk by conducting a thorough and prudent review of each loan file; dispositions loans within bank issued underwriting authority limits
  • Seeks management approval when loan limit exceeds the underwriter's authority
  • Clear all conditions of the loan and prepare files for the closing department
  • Delivers full disposition of loans within 48-72 hours of receiving the loan files into underwriting; clears conditions of loans in less than 24 hours
  • Identify and report any suspected fraudulent activity occurring with any stakeholder and escalate issues to the appropriate management when necessary
  • Keeps abreast of all company policies and procedures as well as federal and state regulatory changes by participating in in-house training events


  • A high school diploma or GED is required
  • Three to five years of current underwriting experience; FHA/VA and Conventional
  • FHA/VA designation


  • Team player with a strong commitment to customer service
  • Basic Accounting and good mathematical skills
  • Proficiency in Microsoft Word Excel
  • Good verbal and written communication skills
  • Ability to effectively multi-task, work well in a fast-paced working environment and meet critical deadlines

Employee benefits include 401k, health, dental and vision insurance and paid time off.

No phone calls or fax submissions please. EOE

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Reference: 744055447

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