What are the responsibilities and job description for the Commercial Underwriter position at Eastern Underwriting Managers?
Overview
Eastern Underwriting Management is seeking a detail-oriented and analytical Underwriter to join our dynamic team. The ideal candidate will possess strong financial acumen and a thorough understanding of mortgage servicing and underwriting processes. This role is crucial in assessing risk and making informed decisions regarding loan applications, ensuring compliance with company policies and industry regulations. If you have a passion for financial services and a knack for quantitative research, we invite you to apply.
Responsibilities
- Evaluate loan applications and supporting documentation to determine creditworthiness.
- Conduct thorough financial analysis of applicants’ credit history, income, assets, and liabilities.
- Utilize financial software to assess risk levels and make informed underwriting decisions.
- Negotiate terms with clients and stakeholders to ensure favorable outcomes for all parties involved.
- Prepare comprehensive financial reports that summarize findings and recommendations.
- Maintain accurate records of underwriting decisions and ensure compliance with regulatory standards.
- Collaborate with mortgage servicing teams to streamline processes and improve efficiency.
- Stay updated on industry trends, regulations, and best practices in underwriting.
Qualifications
- Proven experience in underwriting, preferably within the financial services or mortgage industry.
- Strong skills in financial report writing and analysis, with an emphasis on quantitative research.
- Excellent negotiation skills with the ability to communicate effectively with clients and team members.
- Proficiency in using financial software tools for data analysis and reporting.
- A solid understanding of risk assessment methodologies and underwriting guidelines.
- Strong attention to detail, organizational skills, and the ability to work independently as well as part of a team.
- A degree in finance, business administration, or a related field is preferred but not mandatory.
Join us in shaping the future of our financial services by leveraging your expertise as an Underwriter. We look forward to welcoming you to our team!
Job Type: Full-time
Pay: $50,000.00 - $65,000.00 per year
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Schedule:
- Day shift
Work Location: In person
Salary : $50,000 - $65,000
