Mortgage Underwriter II (Remote with onsite requirements)
About The Position
Newtown Savings Bank is seeking an experienced, motivated Underwriter to join our Loan Origination team as a Mortgage Underwriter II. The Underwriter II position offers remote, flexible, full-time employment options. This position is responsible for the completion of files for underwriting, adhering to all investor and portfolio guidelines, and the generation of approvals on residential mortgage and home equity products. This position is REMOTE after onboarding is complete, however candidates must live within commuting distance to Newtown, CT, and will be required to visit the office for training, meetings, etc.
Requirements
- Minimum five years underwriting mortgages experience.
- Understanding of mortgage underwriting guidelines, Secondary Market, and mortgage underwriting analysis.
- Knowledge of Government Loans (CHFA, VA).
- Must be proficient with LP, DU/DO.
- Detail Oriented.
- Effective written and verbal communication skills.
- Strong analytical skills along with a strong attention to detail.
- Demonstrates a commitment to quality customer service.
- Well organized with the ability to multi-task.
- Demonstrates strong time management skills with the ability to meet deadlines.
- Ability to adapt to change within working responsibilities, be it internal, market or regulatory driven.
Nice To Haves
- FHA/Direct Endorsed Underwriter is preferred.
- Encompass experience a plus.
Responsibilities
- Complete underwriting of a daily list of loans generated by the Mortgage Underwriting Manager, meeting investor expiration dates and adhering to all compliance and investor regulations.
- Approve loans, placing an emphasis on the bank’s interest, while also balancing the needs and expectations of our customer.
- Calculate debt to income ratios based on the client’s credit and income analysis.
- Document sufficient assets for closing.
- Review of the appraisal and verify all secondary market guidelines are met.
- Export data from the origination system into FNMA’s Desktop Underwriter, Freddie’s Loan Prospector or other Investor’s automated underwriting system; if applicable.
- Ensure all data integrity on the 1003/1008 and automated system is accurate.
- Review the automated findings report and verify all approval conditions and/or products guidelines of the investor are satisfied.
- Review underwriting conditions and clear in the Loan Operating System.
- Communicate the final approval to the processor in a timely manner.
- Request additional approvals for mortgage insurance loans.
- Decision loans within the appropriate approval level, or review completed loans and make decision recommendations for management approval(s). (Borrower’s total exposure over $500,000.)
- Adhere to state and federal laws governing real estate lending transactions.
- Present recommendations and solutions to management on all loan files that are Ineligible/or do not meet Secondary Market guidelines.
- Prepare counter offers and adverse actions on all mortgage and home equity files as needed.
- Underwrite simultaneous home equity product, if applicable.
- Perform other duties as necessary.
- Promotes the Bank and Bank’s services.
- Provides prompt and courteous service to all external and internal customers.
Benefits
- generous 401(k)
- medical benefits
- paid time off
- short- and long-term disability programs
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
