Retail Lending Underwriter III

Bangor Savings Bank•Portsmouth, NH

14d•Onsite

About The Position

Working under the direction and guidelines established by the Underwriting Manager(s), this role underwrites residential mortgage and consumer applications to secondary market/investor requirements, Bank policy and procedures, and all mortgage and consumer regulations. The position reviews and analyzes all relevant data and documentation to determine the overall risk profile in order to make solid credit decisions. This role is responsible for the continued development of underwriting by mentoring and coaching through unique loan situations and errors identified. Works directly with investors, agencies and guarantors to resolve questions, complex issues and suggest alternatives to common approaches of underwriting. Leads team projects, initiatives and is the subject matter expert on testing of system and process changes. Serves as the “one-up” for reviewing denials and disagreements on underwriting decisions. Assists in ensuring that the Bank is in compliance with local, state and federal regulations.

Requirements

College diploma preferred
Minimum of 5 years of residential lending underwriting experience
DE or SAR/LAPP certifications are preferred
Experience underwriting FHA, VA, USDA, Construction, non-Conforming portfolio Jumbo Programs and state housing

Nice To Haves

College, business, banking, or professional training helpful (Underwriter I)
Ability to work independently (Underwriter I)
Strong analytical skills (Underwriter I)
Detail oriented (Underwriter I)
Experience with Encompass Loan Origination System or ACTion a plus (Underwriter I)
Proficiency with Microsoft Office products such as Word and Excel (Underwriter I)
Strong communications skills, verbal and written (Underwriter I)
Ability to handle complex problems (Underwriter II)
Ability to make risk based lending decisions supported with relevant data and research (Underwriter II)
Excellent direct customer service skills (Underwriter II)

Responsibilities

Perform underwriting of Construction, Jumbo, FHA, VA, USDA and/or State Housing including a detailed review of the residential mortgage loan application and documentation as submitted to ensure loans meet underwriting guidelines.
Analyze all documentation including but not limited to credit reports, income and asset documentation, collateral, fraud prevention tools and other applicable documentation as required to render a loan decision ensuring completeness, accuracy and compliance.
Accurately qualify borrowers with complex income structures: Partnerships, S-Corps, C-Corps, Capital Gains, Dividend/Interest, Rental income, etc.
Assist Mortgage/Consumer Operations Leadership to document and implement new processes.
Responsible for the training of new underwriters as well as conducting reviews of their work to recommend loan authority.
Mentor Loan Officers in delivering excellence in the loan experience.
Responsible for the continued development of underwriting by mentoring and coaching through unique loan situations and errors identified.
Works directly with investors, agencies and guarantors to resolve questions, complex issues and suggest alternatives to common approaches of underwriting.
Leads team projects, initiatives and is the subject matter expert on testing of system and process changes.
Serves as the “one-up” for reviewing denials and disagreements on underwriting decisions.
Assists in ensuring that the Bank is in compliance with local, state and federal regulations.
Interacts harmoniously and effectively with others, focusing upon the attainment of bank goals and objectives through a commitment to teamwork.
Conforms to acceptable punctuality/attendance standards as expressed in the Employee Handbook.
Performs additional duties as requested.