Cory: Hello, my name is Cory Minter. I’m President of Trinity Employment Specialists. And we are staffing company and a staffing agency in Tulsa and in Oklahoma City. And we provide staffing, specific staffing for banks and accounting institutions at lower and higher levels. I want to talk real quickly today about a position that we are looking for that is- is generally a very difficult position to recruit for, but it is something that we are recruiting for currently.
Any time we get someone who is really talented in this area, it’s pretty attainable for us to give some of our clients a call and just create positions sometimes for individuals. So if you’re watching this and this is something that you might be interested in, please give us a call, we would love to talk with you, because even if we don’t have a position open at the moment, the likelihood of us being able to create it within one of our customers, is relatively high. So I would like to talk with you just real quick about the requirements what we’re looking for and see if this is something that you might be interested in, as a possible new career change for you.
The title of this position is an Underwriter, it is in the mortgage process, it’s a position within the mortgage process, mortgage loan process. And this individual is responsible for approving or denying loans. They’re responsible for looking at all of the pertinent information that is put in on any applicant application. And looking at it and making sure if this is something that would make sense or not. I’m sure that everyone who pays attention to any kind of politics or nationwide news, remembers not too long ago, when we had the huge real estate just bubble busted. And the reason that that had taken place was because there were so many loans that banks were required to lend out. Despite, when an underwriter would be able to look at the individual’s income and their ability to afford the house, they were just required to push the loans through. Well, things have changed so much because we saw as a country how disastrous and how scary that can be when you give loans that you might ought not to. And that was the reason because homes were being foreclosed on, all of the time, because many mortgage companies had offered its clients an applicants, a balloon payment. So the payments would stay really, really low as long as the interest rates did. And then once the interest rates rose, the payments just got way out of line with what the borrower could actually afford and so it created a lot of loans being defaulted on. So this position as an underwriter, is put in place to make sure that that never happens again.
They were in place before, it’s just that they were given the permission of the bank to go ahead and give the loan because the bank- everyone was making so much money at the time, without looking ahead to see what was getting ready to happen. But now there’s a much healthier approach to what loans that you should and should not approve. And so this position is very important to that. So I want to go over some things that are duties that we’re looking for. And hopefully this will resonate with someone that is watching it. And we would love to talk with you, if that’s the case.
So this person is in addition to looking at the pertinent information and seeing if the financial information is there, they are also going to verify employment, they’re going to verify a credit history, they’re going to be looking at the borrowers assets and verifying that all of these things would be some level of collateral, if anything were to happen in the individual’s life. If you can imagine trying to loan out your buddies some money, you would want to know, “Hey, what’s going to happen if for some reason he doesn’t have money, is there anything that he can give me?” That’s what the bank is checking on there.
The next thing that they’re looking for, is they need to make sure that the amount of the loan that the applicant is applying for, matches the income levels that they have and it also matches the equation that the financial institution has put forth that would deem it to be a healthy, positive and low risk loan to give. But they’re also having a strong knowledge of the governmental regulations that that you have to comply with. And so having someone with all of this knowledge is very important. But the governmental regulations is so important that they have an understanding of what they are and make sure that they do not get outside of the lines of them, because any kind of governmental regulations, the fines are stiff, you’re not going to get out of it. If you’ve ever thought of suing the US Federal government, you can imagine it would be difficult.
If they decide you need to pay, you’re going to be paying. And if they decide they’re going to fine you, they’re going to fine you, that will be hefty. And so this individual would make sure that that the mortgage companies in best interest are at place there and they’re not putting them at risk when it comes to violating Federal government regulations.
At the end of this entire process, we’re looking for someone who has a strong ability to document why or why not, a loan is or is not granted and be able to be clear and concise in detailed.
We need to have someone who is very detailed in this position and can look at every single line item and make exceptional decisions for four client. We’re looking for someone with a minimum of three years of experience, we would prefer someone with five years of experience. And if this is something that you might be interested in, we would love to speak with you.
Trinity Employment Specialists is a professional staffing agency that specializes in the banking industry. We would love to work with you and earn your trust. Please give us a call any time. Our number is 918-622-2588. Thank you.