Loan Analyst Sr - Underwriter

Liberty Bank•Middletown, CT

2d•Onsite

About The Position

Reporting to the Consumer Underwriting Manager, the incumbent is responsible for preparing complete loan packages of all residential loans including conventional and portfolio first mortgages, Government loans, Home Equity loans and Home Equity Credit lines, underwriting files within established guidelines, and ensuring that documents conform to established guidelines. The Sr. Retail Loan Analyst compiles information and data into a completed loan package. Is thoroughly knowledgeable of Bank and investor guidelines, and verifies that supporting documents and loan applications conform to such guidelines. Products include a wide range of conventional, government, consumer and affordable programs. Performs thorough analyses of credit documentation and appraisals to assess borrowers' credit-worthiness, and assesses collateral risk. Independently handles majority of customer financing requests on all product types. Approves applications within underwriting authority. Controls processing of loan applications from point of origination to approval. Identifies problem situations, and acts proactively to resolve situations by securing additional documentation. Responsible for ensuring that all work is completed in a timely efficient manner and that appropriate risk analysis is performed. Ensures compliance with FNMA/FLMC, private investors, CHFA, FHA and Bank underwriting guidelines. Accurately inputs data into origination system, and maintains an up-to-date database. Ensures the timely and accurate entry of HMDA and CRA data in the origination system. Will frequently interact with customers, realtors, attorneys, and builders to facilitate information exchange. Counsels branch personnel regarding financing alternatives within policy. Maintains effective working relationships with branch personnel, loan originators, and other internal contacts.

Requirements

College Degree Preferred or equivalent years of experience
Minimum of three to five years’ loan underwriting experience.
Complete understanding of all residential loan types, including but not limited to, conventional products, VA, FHA, CHFA, USDA.
Complete understanding of the appraisal review process.
Keyboard Dexterity
Prolonged Sitting

Responsibilities

Approves or rejects loan applications based upon sound underwriting and credit analyses within authority limits and established guidelines.
Compiles necessary information required to adequately underwrite loan files.
Inputs and maintains data in origination system to produce accurate commitment letters and internal reporting.
Prepares complete loan packages of all residential loans including conventional and portfolio first mortgages, Government loans, Home Equity loans and Home Equity Credit lines.
Underwrites files within established guidelines.
Ensures that documents conform to established guidelines.
Verifies that supporting documents and loan applications conform to Bank and investor guidelines.
Performs thorough analyses of credit documentation and appraisals to assess borrowers' credit-worthiness.
Assesses collateral risk.
Handles customer financing requests on all product types.
Controls processing of loan applications from point of origination to approval.
Identifies problem situations and acts proactively to resolve them by securing additional documentation.
Ensures that all work is completed in a timely efficient manner and that appropriate risk analysis is performed.
Ensures compliance with FNMA/FLMC, private investors, CHFA, FHA and Bank underwriting guidelines.
Accurately inputs data into origination system and maintains an up-to-date database.
Ensures the timely and accurate entry of HMDA and CRA data in the origination system.
Interacts with customers, realtors, attorneys, and builders to facilitate information exchange.
Counsels branch personnel regarding financing alternatives within policy.
Maintains effective working relationships with branch personnel, loan originators, and other internal contacts.