Home Equity Underwriter - Associate

Santander • Southington, CT

11d • $65,625 - $107,500

About The Position

The Associate, Underwriting underwrites loans in a safe, sound, and timely manner by analyzing and evaluating borrowers’ income, assets, liabilities, and property. The role assesses financing risk within the organization’s credit culture and in light of current economic and industry trends. It includes reviewing self-employed, corporate, and partnership tax returns, profit-and-loss statements, and financial statements to determine borrower income, while ensuring loans comply with underwriting standards and applicable state and federal laws, rules, and regulations.

The underwriter reviews loan applications and supporting documents submitted through electronic lending portals, queues, or other channels; processes loans to meet service levels; conducts credit and cash-flow analysis; and communicates with internal and external parties to obtain information needed to evaluate applications and repayment ability. The role also manages pending applications in Loan Origination System queues and supports loan documentation, data input, reporting, and servicing.

This role requires a bachelor’s degree in a related field or equivalent experience, training, military service, or education, and at least five years of financial analysis, structuring, underwriting, and portfolio management experience. Encompass experience is preferred. Applicants must be legally authorized to work full-time in the United States without employer sponsorship. The posted annual base-pay range is $65,625 to $107,500; compensation may vary based on skills, experience, training, licensure, certifications, and location. The position involves frequent minimal physical effort, such as sitting, standing, and walking; occasional moving or lifting of light equipment or furniture may be required depending on location.

Requirements

• Bachelor’s degree in a related field, or equivalent demonstrated through work experience, training, military service, or education.
• At least five years of financial analysis, structuring, underwriting, and portfolio management experience.
• Strong knowledge of underwriting procedures and practices.
• Organized, self-sufficient, and able to complete projects on time.
• Excellent member-service and communication skills, including the ability to present information and respond to questions from members, managers, and the general public.
• Detail-oriented, with sound judgment and decision-making skills.
• Strong analytical and problem-solving skills, including gathering information, establishing facts, and drawing valid conclusions.
• Strong mathematical skills, including profitability, percentages, ratios, proportions, and basic statistical concepts.
• Legally authorized to work in the United States on a full-time basis without requiring employer sponsorship to commence employment.

Nice To Haves

• Experience with Encompass.
• Established work history or equivalent demonstrated through work experience, training, military service, or education.

Responsibilities

• Receive and review incoming loan applications and supporting documentation submitted through managed electronic lending portals, queues, or other channels.
• Underwrite and process loans according to department needs to meet stated service levels.
• Use department policies and guidelines, along with sound judgment, to build profitable, performing secured and unsecured loans.
• Conduct credit analysis, including review of personal and business tax returns, cash-flow analysis, debt-ratio calculations, credit scoring, and collateral valuations.
• Communicate with internal and external parties to obtain appropriate borrower information and assess loan requests and repayment ability.
• Manage pending applications in Loan Origination System queues as directed.
• Review applications and credit.
• Analyze collateral, credit, and loan risk.
• Review loan documents.
• Handle data input, reporting, and servicing.
• Ensure loans comply with underwriting standards and applicable state and federal laws, rules, and regulations.

Benefits

• The company describes a rewards package and benefits designed to support employees, their families, and their well-being, but specific benefits are not listed in the job description.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level