Underwriter - Albany, NY

Trustco Bank • City of Albany, NY

5h

About The Position

At Trustco Bank, we’re seeking a detail-oriented and analytical Residential Underwriter to champion our mortgage lending initiatives. As a key player in our dynamic team, you will meticulously evaluate loan applications, ensuring accuracy, compliance, and sound financial judgment. Your expertise will help empower our customers to achieve their homeownership dreams while maintaining our commitment to excellence and integrity.

Requirements

• High School Diploma or equivalent; Associate’s degree or higher in a business-related field preferred.
• Proven underwriting experience, coupled with excellent customer service skills.
• Strong verbal and written communication capabilities.
• Ability to manage multiple tasks efficiently within strict deadlines.
• Working knowledge of Microsoft Office Suite, particularly Excel and Word.
• Demonstrated ability to work autonomously and as part of a team.
• Fluent in English; bilingual a plus
• Access to reliable transportation

Nice To Haves

• bilingual a plus

Responsibilities

• Thorough Evaluation: Scrutinize all loan documentation for accuracy, completeness, and adherence to regulatory standards.
• Financial Analysis: Assess borrower’s cash flow, creditworthiness, and financial stability by reviewing financial statements, credit reports, and relevant ratios.
• Property Appraisal Review: Ensure valuations meet bank policies, guidelines, and industry best practices.
• Timely Decision-Making: Maintain efficient underwriting processes to deliver prompt loan decisions, balancing speed with precision.
• Regulatory Compliance: Stay current with federal and state regulations impacting lending practices, ensuring all underwriting activities are compliant.
• Product Knowledge: Keep abreast of evolving loan products and origination requirements to provide expert evaluations.
• Income Verification: Utilize advanced calculator skills to validate income and supporting documentation accurately.
• Continuous communication with loan processors and the Closing Department.

Benefits

• medical, dental and vision insurance
• a health savings account with an annual employer contribution
• a 401(k)-retirement plan with generous employer match
• paid time off plus 11 paid federal holidays
• training and professional development programs
• tuition reimbursement
• reduced fees and rates on certain loan products

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED
• Number of Employees: 251-500 employees