Underwriter

Leader Bank•Arlington, TX

2d•$65,443 - $98,165•Onsite

About The Position

Leader Bank is looking for exceptionally dedicated team members to join one of the region’s fastest growing community banks and mortgage lenders. At the time of its founding in 2002, Leader Bank had one branch office, $6.5 million in assets and 7 team members. Since then, the Bank has become one of the most successful banks in Massachusetts with $4 billion in assets, more than 400 team members, 6 branch offices, and annual mortgage originations of over $2 billion. Exemplary products and an innovative spirit have driven Leader Bank’s rapid growth over the years, and our team members embrace these values. Our mission is to obsess over our clients, make them feel valued, and maintain long-term relationships with them by constantly enhancing our products and processes to always be improving our client experience. For our team members, Leader Bank prioritizes competitive compensation and benefits, a healthy work-life balance, and an environment that fosters diversity and inclusion. Leader Bank has an immediate opening for a residential mortgage loan Underwriter. The Underwriter will demonstrate knowledge of the mortgage industry and assist with planning and reporting in accordance with Leader Bank, compliance with federal laws, corporate standards and generally accepted quality assurance and underwriting principles.

Requirements

Minimum of two years underwriting experience.
Understand the legal, regulatory, economic, competitive, and technological environments which potentially affect various real-estate lending programs.
Flourish in a fast-paced inside sales workplace environment.
Possess extensive understanding of underwriting systems and their components.
Have computer skills.
Advanced customer-interface skills.
Possess excellent analytical, interpersonal and communication skills (both written and verbal)

Nice To Haves

Experience in underwriting FHA loans.
Experience underwriting condominiums.

Responsibilities

Reviewing, examining, and underwriting loans to ensure soundness, accuracy, business value and compliance with the standards of both Leader Bank, our corresponding investors.
Evaluating debt ratio, loan-to-value ratios, credit score, property valuation and various other factors (including risk issues and potential fraud)
Assisting in identifying, recommending and/or negotiating alternative loan requirements, funding and/or loan-structuring solutions.
Reviewing and analyzing special conditions, loan deficiencies and exception requests to determine the appropriate action.
Coaching field personnel and brokers on technical underwriting issues, problems and/or questions.
Regularly exercising discretion and independent judgment in addressing critical business matters that have a significant financial impact.