Junior Residential Loan Underwriter
About The Position
The Junior Residential Loan Underwriter is a training position focused on learning to evaluate and analyze residential loan applications for compliance with company policies and regulatory requirements. The role learns to review creditworthiness, income, assets, and collateral to assess risk. During training, the employee works directly with the Residential Loan Manager, Assistant Manager, and Underwriting Supervisor. After training, the employee works with loan officers, processors, and other team members to provide timely, accurate decisions and maintain excellent customer service. This position has no loan approval authority. The role is based on premises in an office setting. The position is full-time, with flexible hours and part-time schedules available.
Requirements
- High school diploma or equivalent.
- Strong attention to detail and organizational skills.
- Excellent written and verbal communication skills.
- Intermediate proficiency in Microsoft Office, especially Excel.
- Ability to multitask and work efficiently in a team environment.
- Strong analytical and problem-solving skills.
- Ability to communicate and listen effectively.
- Creative thinking.
- Ability to maintain confidentiality.
- Ability to work under deadlines and fluctuating workloads.
- Ability to detect red flags that may point to fraud.
- Ability to manage time effectively and prioritize loan files.
- Ability to read and understand asset and loan bank statements.
- Regular attendance is an essential function of the job.
Nice To Haves
- Prior underwriting, finance, banking, or administrative experience is a plus, but is not required.
Responsibilities
- Review and analyze loan applications and supporting documentation.
- Analyze financial documentation, asset statements, credit-related documents, and collateral documentation.
- Assist with evaluating loan risk and making recommendations.
- Verify the accuracy and completion of required loan documentation using compliance and underwriting guidelines.
- Communicate with internal teams about application status and needed documentation.
- Provide general administrative and operational support as needed.
- Maintain up-to-date knowledge of applicable regulations, bank policies, secondary market guidelines, and industry changes.
- Perform other related tasks as assigned.
Benefits
- Medical, dental, and vision insurance, based on eligibility.
- Paid vacation and holidays.
- Paid birthday day off.
- Paid sick leave.
- 401(k) and employee stock ownership plans.
- Paid training and advancement opportunities.
- Employee-only banking benefits.
- Bi-weekly pay periods.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
