Jr. Underwriter

General Statement of Duties: Responsible for the underwriting within department process timelines of owner occupied and investor-owned residential homes, mixed-use & multi-family properties. Communicate with Management, Loan Officers, Loan Administrators, Closing Department, Portfolio Management, and Review Appraisers on issues pertaining to underwriting. Supervision Received: Supervision is received directly from the VP – Team Leader, Senior Mortgage Underwriter   Major Duties and Responsibilities: • Underwriting of owner occupied and investor-owned residential homes, mixed use & small multi-family loans as stipulated in the Banks guidelines and procedures. Recognize credit issues and raise to Management for resolution in a timely manner. • Analyze financial information including calculation of income and debt ratios, verification of assets, collateral review and credit review. • Responsible for quality of data in Loan Origination Systems on assigned loans. • General knowledge of rent guideline restrictions, flood insurance requirements and environmental concerns. • Prioritize workflow. Achieve and exceed work goals for productivity, quality and turnaround time. • Review of appraisals and environmental reports ensure compliance with Banks Policy and bring to the attention of Management any exceptions to Policy or discrepancies in the respective reports. • Work in conjunction with various departments within the Bank   Minimum Qualifications: • College degree preferred. • The successful RMU Jr. Underwriter must have loan processing experience and 2 years of owner occupied and investor residential homes, mixed–use buildings and small multi-family property underwriting experience. Familiarity with analysis of personal financial statements, property cash flow, debt coverage, credit reports required. Prior experience working with a computer-based loan underwriting system a plus.   Skills & Abilities: • Good verbal and written communication skills as well as the ability to work in a team environment • Good computer skills • Proficient in Microsoft Word and Excel   Pay Range: $61,000 - $68,000 Hours:  37.50 This is a non-exempt position, eligible for overtime if the hours worked are over 40 hours. The actual compensation will be based on qualifications, experience and other factors permitted by law.

Salary : $61,000 - $68,000