Home Mortgage Retail Condo/Coop Project Underwriter

Citizens Bank•Upper Darby, PA

4d•$80,000 - $110,000

About The Position

As the Home Mortgage Retail Project Underwriter Specialist, you will be responsible for providing a lean decision based on an individual’s credit history, financial position and strength of collateral. Solid understanding of multiple product lines – may include government products and conventional. Primary responsibilities include Underwriting and decisioning condo projects to Fannie, Freddie, FHA/VA, or Citizens Portfolio guidelines. Cooperative underwriting and decisioning is strongly preferred. Preparing underwriting summaries for other stakeholders (loan officers, credit underwriters, portfolio administrators, etc.) Fully documenting project reviews within the mortgage loan origination system, department’s database, and organizing all collateral documents within the team shared drive Demonstrating sound judgement in the analysis of project documents (questionnaires/addendums, financial statements, insurance, legal documents, reserve studies, etc.) Identifying solutions or alternative paths for project approval wherever possible (i.e., warrantable to non-warrantable) Reviewing/Decisioning deed restrictions and community second programs for all property types

Requirements

5 or more years of condo project review experience required with coop project review experience preferred.
Self-directed with excellent time management skills
Exceptional written and verbal skills
Strong ability to problem solve and collaborate with others to find solutions

Nice To Haves

Cooperative underwriting and decisioning is strongly preferred.
Experience in mortgage bank project underwriting strongly preferred
BA/BS degree preferred or equivalent preferred

Responsibilities

Underwriting and decisioning condo projects to Fannie, Freddie, FHA/VA, or Citizens Portfolio guidelines.
Preparing underwriting summaries for other stakeholders (loan officers, credit underwriters, portfolio administrators, etc.)
Fully documenting project reviews within the mortgage loan origination system, department’s database, and organizing all collateral documents within the team shared drive
Demonstrating sound judgement in the analysis of project documents (questionnaires/addendums, financial statements, insurance, legal documents, reserve studies, etc.)
Identifying solutions or alternative paths for project approval wherever possible (i.e., warrantable to non-warrantable)
Reviewing/Decisioning deed restrictions and community second programs for all property types