Residential Mortgages Underwriter

ConnectOne Bank•Melville, NY

15h•Hybrid

About The Position

The Residential Mortgage Underwriter is responsible for evaluating, analyzing, and ensuring that all residential mortgage files received from mortgage loan originators and loan processors meet or exceed bank and industry standards for investment quality and acceptable risk.

Requirements

Strong “People First” interest and ability.
Knowledge of relevant Federal and State banking regulations.
Knowledge of CNOB products and Residential and Consumer services preferred.
Working knowledge of Google applications and products is preferred.
Familiarity with loan underwriting regulations, including conventional and government loan programs.
Ability to review and identify issues and make educated recommendations for resolution within their scope of authority.
Work effectively in a team environment.
Ability to analyze complex financial information, identify potential risks, and make sound decisions.
Proactively learn from the expertise of others.
Confident in making informed lending decisions
Ability to work extended hours as required.
Strong time management skills.
Excellent communication and interpersonal skills.
Analytical skills to conduct evaluation of documents of varying complexity.
Attention to detail with ability to prioritize in a high-volume environment.
Proficiency with Microsoft Office applications is preferred.

Nice To Haves

Minimum 5-7 years’ experience as an Underwriter in a financial services or mortgage banking environment preferred.
Minimum 3 years’ experience in jumbo underwriting to investor guidelines preferred.
A bachelor’s degree in finance, accounting, business, or a related field is preferred.

Responsibilities

Support the Bank’s “People First” focus and rules of engagement.
Maintain a professional demeanor, work as an active member of the CNOB team, and provide all clients excellent service while always striving to make CNOB “A Better Place to Be”.
Review and evaluate loan applications: Analyze applications and supporting documentation to determine the applicant's creditworthiness and eligibility for a residential loan.
Scrutinize financial documents like credit reports, income statements, tax returns, and asset information to verify accuracy and ensure the borrower's capacity to repay the loan.
Identify and assess potential risks associated with the loan application, including factors related to the borrower's financial history, employment, and the property itself.
Verify that all loan applications adhere to regulatory standards, internal policies, and investor guidelines, including those set by organizations like Fannie Mae or the FHA.
Work closely with loan officers, processors, and other team members to gather necessary information, clarify discrepancies, and facilitate the loan approval process.
Based on the thorough analysis, approve, deny, or recommend conditions for loan approval, effectively communicating the reasons for the decision.

Benefits

World class health, vision, and dental benefits on day one
401k with employer match
Hybrid work from home (depending on role)
Employee appreciation events (team building, softball games, food truck days, etc..)
Employee assistance programs (EAP)
Wellness programs (flu shot, preventive care, health programs and services discounts, etc..)
Tuition reimbursement
Employee Discount perks
CNOB Community Service Events
….and much, much more!