Retail Lending Underwriter II

Bangor Savings Bank•Andover, MA

10d•$73,981 - $101,895•Onsite

About The Position

This role involves underwriting residential mortgage and consumer applications according to secondary market/investor requirements, Bank policy, and regulatory guidelines. The primary function is to review and analyze all relevant data and documentation to determine the overall risk profile and make sound credit decisions. This position builds upon the Underwriter I role by handling more complex loan types and providing technical expertise.

Requirements

3-5 years of residential and/or consumer lending underwriting experience.
Ability to handle complex problems.
Ability to make risk-based lending decisions supported with relevant data and research.
Excellent direct customer service skills.
Proficiency with Microsoft Office products such as Word and Excel.
Strong communication skills, verbal and written.
Strong analytical skills.
Detail oriented.
Ability to work independently.

Nice To Haves

College diploma preferred.
Experience with Encompass Loan Origination System or ACTion a plus.

Responsibilities

Perform underwriting of Conventional and Portfolio loans, including a detailed review of residential mortgage and consumer loan applications and documentation to ensure compliance with underwriting guidelines.
Analyze all documentation, including credit reports, income and asset documentation, collateral, HMDA information, and fraud prevention tools, to render a loan decision ensuring completeness, accuracy, and compliance.
Effectively communicate all lending decisions to appropriate parties.
Develop and maintain knowledge of multiple loan product guidelines for quick and accurate answers.
Provide technical experience and quality assurance on loan approvals.
Rework loans to offer new terms, identifying any additional conditions as needed to ensure a viable credit decision.
Approve or reject loans within prescribed authority.
Prepare presentations for Senior Management and Management Loan Committee for loans that exceed approving parties' lending authority.
Prepare and recommend exceptions to Senior Management as necessary.
Ensure loans meet applicable agency, Bank, and regulatory requirements.
Analyze borrower's credit profile, collateral, and capacity to repay the proposed obligation, and accurately calculate borrower's income and debt-to-income ratios.
Document lending decisions and complete required screens in the loan origination system, including accurate completion of underwriting documents and adding/creating applicable conditions on the loan approval.
Proficiently run, read, and interpret automated underwriting decision results from Loan Prospector, Desktop Underwriter, and ACTion.
Review and sign off on submitted conditions where appropriate.
Communicate loan decisions to clients/internal departments within service level agreement times.
Work closely with all mortgage and consumer personnel to answer specific loan questions, clarify specific conditions or documentation requested, and resolve problems.
Maintain and cultivate an effective working relationship with internal departments – Compliance, Appraisal Desk, QC, Closing, and Post-Closing, providing timely and thorough responses.
Assist in ensuring the Bank is in compliance with local, state, and federal regulations.
Interact harmoniously and effectively with others, focusing on the attainment of bank goals and objectives through a commitment to teamwork.
Conform to acceptable punctuality/attendance standards.
Perform additional duties as requested.