Loan Underwriter II - Consumer

TD Bank • Mount Laurel Township, NJ

97d • $28 - $42 • Hybrid

About The Position

The Loan Underwriter II underwrites and evaluates conventional, FHA, VA, and CRA Residential Mortgage applications in compliance with bank policies and procedures. The Loan Underwriter II underwrites and evaluates Home Equity and Consumer Loans. Depth & Scope: Underwrites all types of income, all product types including ethical and salable residential mortgage loans and consumer loans and evaluates risk while ensuring the quality of each loan submitted. Approves loans, issues alternative options, or adverse action accordingly using sound judgment while applying bank policies and procedures. Validates the data entry to the appropriate Loan Operating System and evaluates all applicable documentation as required by job function and conditions loan accordingly; informs Processor of any additional items necessary to substantiate loan request. Demonstrates in-depth knowledge of regulatory, investor and departmental lending policies for underwriting of conventional loan requests. Identifies loans for exceptions while ensuring proper procedures are followed for approval and documentation; assists in clearing or resolving any issues. Manages integrity issues and ensures files are compliant to internal guidelines and external regulatory requirements. Maintains knowledge of loan product guidelines, internal policies and procedures, and regulatory requirements. Coaches and mentors assigned operations staff; assists with training and guidance as assigned.

Requirements

• High school diploma or GED required; 2 year degree or equivalent experience preferred.
• 2+ years underwriting experience.
• Advanced knowledge of loan underwriting documentation requirements.
• Knowledge of Agency DU automated underwriting system.
• Ability to effectively communicate with various personalities.
• Superior oral and written communication skills.
• Excellent PC skills.
• In-depth knowledge of CRA products and industry.
• Detail oriented with excellent organizational, analytical, and decision-making skills.
• Ability to handle heavy workload, multitask, and meet deadlines.
• Experience reviewing/analyzing tax forms preferred.
• Encompass experience preferred.

Responsibilities

• Underwrites and evaluates conventional, FHA, VA, and CRA Residential Mortgage applications.
• Underwrites and evaluates Home Equity and Consumer Loans.
• Approves loans and issues alternative options or adverse actions.
• Validates data entry to the Loan Operating System.
• Demonstrates knowledge of regulatory, investor, and departmental lending policies.
• Identifies loans for exceptions and ensures proper procedures are followed.
• Manages integrity issues and ensures compliance with guidelines.
• Maintains knowledge of loan product guidelines and regulatory requirements.
• Coaches and mentors assigned operations staff.

Benefits

• Base salary and variable compensation/incentive awards.
• Health and well-being benefits.
• Savings and retirement programs.
• Paid time off including Vacation PTO, Flex PTO, and Holiday PTO.
• Banking benefits and discounts.
• Career development opportunities.
• Reward and recognition programs.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree