Loan Underwriter

First Citizens Community Bank•Mansfield, PA

About The Position

The Loan Underwriter underwrites consumer mortgage loans according to portfolio, agency, and investor guidelines and ensures loans are salable to investors. The role reviews loans, appraisals, and title reports for compliance with company, agency, and investor standards, and helps maintain asset quality in residential mortgage, consumer portfolio, and secondary-market lending while adhering to underwriting standards, loan policies, regulations, and documentation requirements. The position provides backup and administrative or technical support to Senior Mortgage Underwriters and other underwriting personnel, processors, and loan officers. It communicates loan issues and restructuring needs, completes denials when loans cannot be restructured to meet applicable guidelines, supports lending compliance and regulatory procedures, and assists underwriting and closing teams with the Construction to Conversion modification process. The Loan Underwriter also monitors relevant regulatory, market, economic, competitive, and technology changes and helps ensure adequate loan documentation and perfected security interests.

Requirements

Three or more years of position-related experience.
Bachelor’s degree in a related field or equivalent professional experience.
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.
Specialized and position-related education and training.

Nice To Haves

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

Responsibilities

Underwrite consumer mortgage loans in accordance with portfolio, agency, and investor guidelines and ensure their salability to investors.
Review loans, appraisals, and title reports against company, agency, and investor standards, including identifying issues that could affect the bank’s lien position.
Maintain asset quality in residential mortgage, consumer portfolio, and secondary-market loan origination while following underwriting standards, loan 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 and support processing staff and loan officers when needed.
Communicate with processors and loan officers about issues affecting favorable loan decisions or requiring loan restructuring.
Complete denials when a loan cannot be restructured and does 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.
Stay current on legal, regulatory, economic, competitive, and technology changes that may affect real estate lending programs.
Keep abreast of real estate markets in local, outlying, and branch service areas.
Assist underwriting and closing departments with the Construction to Conversion modification process.
Ensure loan documentation is adequate and security interests are perfected.
Interact constructively with co-workers.