Loan Underwriter

First Citizens Community Bank•Richmond Township, PA

About The Position

Responsible for underwriting consumer mortgage loans according to portfolio, agency, and investor guidelines and ensuring their salability to investors. The role requires a working knowledge of loan underwriting and processing. Review loans, appraisals, and title reports to ensure they meet company, agency, and investor credit quality standards and that title issues do not affect the bank’s lien position. Maintain asset quality in the origination of residential mortgage, consumer portfolio, and secondary market loans while adhering to underwriting standards, loan policies, regulations, and documentation requirements. Provide backup and administrative or technical support to Senior Mortgage Underwriters and other underwriting personnel, processing staff, and loan officers as needed. Communicate with processors and loan officers when issues prevent a favorable decision or require restructuring. Complete denials when loans cannot be restructured to meet applicable guidelines. Support lending compliance, keep current on relevant legal, regulatory, economic, competitive, and technology changes, and monitor real estate markets in local, outlying, and branch service areas. Assist underwriting and closing departments with the Construction to Conversion modification process, ensure adequate loan documentation and perfected security interests, and interact constructively with coworkers.

Requirements

Three or more years of position-related experience.
Bachelor’s degree in a related field or equivalent professional experience (preferred).
Working knowledge of bank lending and underwriting policies and procedures, as well as loan processing.
General understanding of marketing and lending principles and bank-related laws and regulations.
Knowledge of the features and benefits of bank products and services.
Math and basic accounting skills.
Time-management skills and ability to multitask.
Strong communication skills.
Proficiency in Microsoft Office Suite and related program software.
Proficiency with, or ability to quickly learn, position-related software.

Nice To Haves

Knowledge of Encompass, DU, and LPA Automated Underwriting Systems.
Specialized and position-related education and training.
Bachelor’s degree in a related field or equivalent professional experience.

Responsibilities

Underwrite consumer mortgage loans according to portfolio, agency, and investor guidelines and ensure salability to investors.
Review loans, appraisals, and title reports for compliance with credit quality standards and to identify issues that could affect the bank’s lien position.
Maintain asset quality in residential mortgage, consumer portfolio, and secondary market loan originations while following underwriting standards, policies, regulations, and documentation requirements.
Provide backup support to Senior Mortgage Underwriters, including appraisal, income, asset, investor suspense, and quality control reviews.
Provide administrative and technical support to underwriting personnel, processing staff, and loan officers as needed.
Communicate with processors and loan officers about issues that prevent a favorable decision or require loan restructuring.
Complete denials when loans cannot be restructured and do not meet agency, bank, and investor guidelines.
Support mortgage and consumer lending compliance and work with Processing and the Underwriting Manager to ensure policies and procedures meet regulatory requirements.
Keep current on relevant legal, regulatory, economic, competitive, and technology changes and monitor real estate markets in local, outlying, and branch service areas.
Assist underwriting and closing departments with the Construction to Conversion modification process.
Ensure adequate loan documentation and perfection of security interests.
Interact constructively with coworkers.