Senior Mortgage Underwriter

Arrow Bank NA • Glens Falls, NY

9d • $65,000 - $75,000 • Hybrid

About The Position

The Senior Mortgage Underwriter is responsible for independently underwriting, approving, and presenting complex and higher-risk residential mortgage loan applications. Analyzing financial and collateral documentation, exercising advanced credit judgement and making recommendations and decisions in accordance with Company policy, regulatory requirements, and secondary market guidelines. This role serves as a subject-matter expert for complex underwriting scenarios and provides guidance to underwriters and lending team members. This role is also critical in maintaining asset quality and supporting the Underwriting Manager in achieving departmental production and risk management goals. This position requires a regular, scheduled presence at our Glens Falls, New York headquarters. The schedule is hybrid optional, but candidates must be able to easily commute to Glens Falls, New York for required office days. This role is not a fully remote opportunity.

Requirements

• Bachelor’s degree in a related field or equivalent experience required
• 6 years of mortgage underwriting or related mortgage experience required
• Nationwide Multistate Licensing System (NMLS) license or ability to obtain within the first 30 days required
• Strong problem solving, organizational and analytical skills; ability to extract and interpret information from multiple sources
• Strong communication skills, both written and verbal; comfortable communicating with customers, co-workers, management, and other stakeholders
• Thorough knowledge of underwriting, mortgage products, and current lending regulations
• Proficiency in Microsoft Office applications (Word, Excel, Outlook) as well as department specific systems and software
• Excellent organizational, attention to detail, and time-management skills, with the ability to prioritize multiple tasks and consistently meet established deadlines
• Ability to provide thorough income analysis, which includes reviewing self-employment income for all business structures
• Ability to remain in a stationary position, often standing or sitting, for prolonged periods of time
• Ability to repetitively use a telephone, computer mouse, and keyboard for extended durations
• Ability to lift and/or move up to 15 pounds
• Work is performed primarily in a professional office environment

Nice To Haves

• Designations such as Direct Endorsement (DE) and/or U.S. Department of Veterans Affairs Lender Appraisal Processing Program (VA LAPP) preferred
• Knowledge of Federal Housing Administration (FHA) and U.S. Department of Veterans Affairs (VA) program guidelines preferred

Responsibilities

• Analyzes borrower income, creditworthiness, assets, and collateral for complex and higher-risk residential mortgage loan applications.
• Underwrites applications in accordance with bank policy, regulatory requirements, secondary market guidelines, and other third-party guidelines.
• Approves, approves with conditions, or denies mortgage applications within assigned authority limits.
• Reviews and analyzes income, asset, appraisal reports, and other supporting documentation for accuracy, adequacy, and compliance.
• Identifies, evaluates, and documents compensation factors, layered risk, and policy exceptions as appropriate.
• Prepares clear, well documented underwriting decisions to support audit, quality control, and regulatory examination requirements.
• Serves as resource for complex underwriting scenarios providing technical guidance to lending and processing teams.
• Collaborates with the Underwriting Manager regarding pipeline oversight, loan assignment, reporting, and exception tracking, as requested.
• Coordinates with internal team members, closing attorneys, and appraisers, and other third parties to ensure loan files are complete and ready for closing.
• Reviews and provides builder approval recommendations, construction advance schedules and draw requests.
• Participates in quality control reviews and completes audit and compliance activities for the residential lending portfolio as assigned by management.
• Maintains knowledge of changes in underwriting guidelines and regulatory requirements to ensure compliance.

Benefits

• Competitive compensation including potential bonus and incentives as well as paid vacation, sick time, and holidays
• Medical, Dental, and Vision Insurance and Flexible Spending Plan
• Multiple retirement plans including: 401(k), Pension, and Employee Stock Ownership
• Education and Tuition Reimbursement
• Employee Assistance Program for our employees and their immediate family members

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees