Mortgage Underwriter

Mauch Chunk Trust Company•Jim Thorpe, PA

About The Position

Mauch Chunk Trust Company is seeking an experienced Residential Mortgage & Consumer Loan Underwriter to evaluate residential mortgage and consumer loan applications and make sound credit decisions. The role reviews borrowers’ financial information, assesses credit risk, determines loan viability, and approves or denies requests in accordance with Bank policies, secondary-market guidelines, and applicable lending regulations. The successful candidate combines strong analytical skills and sound judgment with a commitment to an efficient, transparent lending experience. The underwriter works closely with mortgage loan originators and personal banking staff to support customer communication and efficient application processing. The position also maintains knowledge of lending regulations, underwriting standards, and Bank products and services; may recommend appropriate products based on customer needs; and may lead special projects or perform other related administrative duties. Employment is contingent upon successful federal and state criminal background and credit checks.

Requirements

Three to five years of lending or underwriting experience.
Knowledge of residential mortgage and consumer lending practices.
Working knowledge of Fannie Mae, Freddie Mac, and mortgage insurance underwriting guidelines.
Knowledge of applicable lending laws and regulations.
Ability to review personal and business tax returns, financial statements, and other financial documentation.
Strong understanding of accounting principles, personal finance, credit analysis, and cash-flow analysis.
Excellent analytical, mathematical, problem-solving, verbal, and written communication skills.
Strong interpersonal skills and ability to communicate difficult credit decisions professionally.
Ability to manage multiple priorities and perform accurately in a fast-paced, deadline-driven environment.
Proficiency with Microsoft Office and lending-related software.
Ability to communicate effectively with customers and employees by telephone, electronically, and in person.
Ability to read and analyze reports, applications, financial documents, and electronic records.
Ability to operate a computer and keyboard for approximately 60% of the workday.
Ability to perform moderate to complex mathematical calculations.
Ability to move between office locations and occasionally lift or carry files, supplies, and similar materials.
Ability to work effectively under pressure while managing multiple assignments and deadlines.

Nice To Haves

Bachelor’s degree in finance, accounting, or a related field preferred.
Experience with Finastra Mortgagebot preferred.

Responsibilities

Review, analyze, and underwrite residential mortgage and consumer loan applications for credit quality, business value, and compliance with Bank standards and regulatory requirements.
Assess borrowers’ financial strength and repayment capacity using income, assets, liabilities, credit history, debt-to-income ratios, loan-to-value ratios, property valuations, and other relevant factors.
Conduct cash-flow analysis and review financial information for small-business borrowers.
Apply current Fannie Mae, Freddie Mac, and MGIC guidelines to loans intended for secondary-market sale or requiring mortgage insurance.
Determine loan eligibility and establish and document appropriate approval conditions.
Make approval, denial, counteroffer, and adverse-action decisions within assigned lending authority and loan specifications.
Identify alternative loan structures or requirements that may help a request qualify when the original application cannot be approved.
Communicate underwriting decisions and outstanding requirements to mortgage loan originators, personal bankers, customers, and other involved parties.
Contact applicants as needed to explain denied loan requests professionally and clearly.
Maintain accuracy and compliance throughout underwriting and origination using the Bank’s loan origination system.
Partner with mortgage loan originators and personal banking staff to support effective customer communication and efficient application processing.
Maintain current knowledge of lending laws, regulations, underwriting standards, and Bank products and services.
Identify opportunities to recommend appropriate Bank products and services based on customer needs.
Participate in educational opportunities and professional organizations to maintain and expand job knowledge.
Comply with Bank policies, procedures, and applicable federal regulations, including BSA/AML and OFAC requirements.
Serve as a project leader for special assignments as needed.
Assist with administrative responsibilities and perform other related duties as assigned.