Mortgage Loan Underwriter

Peoples Security Bank & Trust Company • Throop, PA

230d

About The Position

If you are looking for a great place to work, and reach your potential, look to Peoples Security Bank & Trust. We continue to grow and are always looking for the right people to join our team. Our Mortgage Loan Underwriters are responsible for performing administrative and underwriting duties to support the mortgage loan function; acquiring intricate knowledge of underwriting and selling guidelines, especially those associated with the secondary market; achieving goals as established in the Bank's business objectives; coordinating work within the department, as well as with other departments; complying with operating policies and procedures established for the mortgage loan function; communicating with appropriate personnel; and maintaining appropriate records and providing assigned reports.

Requirements

• Education/Training: Associates Degree or equivalent knowledge normally required; specialized bank education/training related to mortgage lending.
• Skill(s): Must demonstrate strong communication skills; proficient interpersonal relations skills; moderate analytical skills; demonstrated organizational skills; proficient PC skills, including knowledge of loan related software; proficient knowledge of underwriting, including credit and compliance calculation and testing; proficient knowledge of applicable lending laws and regulations, i.e., Reg B, Reg Z, and Fair Credit Reporting Act; knowledge of HUD-1 and closing documents.
• Experience: A minimum of five (5) years of related mortgage loan experience normally required.

Responsibilities

• Assists with pre-qualification underwriting and loan structuring.
• Performs due diligence and underwriting once loans are under application.
• Verifies and reviews financial loan documents.
• Assesses borrower(s) credit worthiness.
• Processes and issues all required disclosures.
• Communicates changes in loan terms as necessary.
• Prepares recommendations for credit review committee or loan originators.
• Reviews loan documents for completeness.
• Assembles loan documents in loan file, including acceptance or denial and returns file to origination mortgage loan office.
• Notifies all required personnel of disposition of underwriting results.
• Performs credit analysis and approves mortgage loans within established lending authority.
• Maintains knowledge of FHA, VA, and USDA lending guidelines.
• Performs Administrative Compliance Reviews of subject property appraisals for completeness, accuracy, adequacy and validity in accordance with financial institution policy.
• Maintains intricate knowledge of underwriting and selling guidelines, especially those associated with the secondary market.

Benefits

• Medical Plans
• Dental Plan
• Vision Plan
• Life Insurance
• Disability Insurance
• 401(K) Plan
• ESOP Plan
• Paid Time Off
• Paid Holidays
• Employee Assistance Program
• Banking Classes
• College Tuition Reimbursement
• Internal Advancement Opportunities
• Volunteer Time Off

What This Job Offers

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