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Junior Underwriter - Consumer Lending
Overview
The Junior Underwriter is responsible for performing a detailed review of all loan files assigned.
This review includes but is not limited to appraisals, income/ tax returns, assets, purchase and sales agreements, title reports. The Junior Underwriter has the knowledge and expertise to approve loans within their lending authority. The Junior Underwriter is able to work well independently and works well with the sales team.
Responsibilities
- Evaluate creditworthiness of borrowers and ability to repay in order to render a credit decision.
- Gather and verify documents in loan files, such as credit reports, loan applications, title policies, appraisal and financial statements are current and accurate
- Review outstanding conditions on loans for acceptance including the review of requested documents.
- Involved in the daily management and workflow of the production pipeline, to ensure deadlines are met.
- Order and track title orders, appraisals, tax information, and pay-offs.
- Contact customers to resolve issues / problems.
- Demonstrate a thorough working knowledge of company guidelines and policies as well as all applicable laws and regulations related to mortgage lending in order to ensure compliance. (TRID, Reg B, RegZ)
- Demonstrate a high level of professionalism and integrity in all internal and external interactions with colleagues, customers and vendors.
- Ability to work in a fast paced environment and manage assigned pipeline
- Continually strives to improve the department’s efficiencies
- Communicates professionally in oral and written format with internal and external customers
- Performs related and unrelated duties as may be required.
- Acts as a mentor to less seasoned colleagues
- Assists management with training and process improvements
SUPERVISORY SCOPE:
None
INDEPENDENT ACTION:
Performs work within established guidelines and according to specific procedures. Refers problems to immediate supervisor.
Qualifications
- High school or its equivalent plus specialized course work and training.
- At least three year of experience in mortgage lending with two years’ work as a processor.
- A demonstrated understanding of mortgage loan procedures and regulatory requirements and the ability to analyze and interpret personal, corporate and partnership tax return and financial statements.
- Proven organizational, oral and written communications, problem solving and analytical skills and interpersonal skills.
- Must possess a high degree of accuracy and attention to detail. Must be able to work independently as well as on a team.
- Must have working knowledge of Windows, Word, Excel and Desktop Underwriter as well as loan origination systems.
BANKNEWPORT CORE VALUES:
- We celebrate individuality
- We empower employees to be creative problem solvers
- We invest and take the time to really get to know our customers
- We commit to serving the financial needs of Rhode Islander’s
Any physical demands or work conditions described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
BankNewport has a sales oriented culture to which all employees must adhere. It is expected that both internal and external customers be treated with competence, courtesy and concern. We must strive, as employees, to discover our customers’ needs and to determine and decide which product or service best meets those needs. Following a discussion, a solution should be developed to meet or exceed the customer’s expectations.
Interested parties may apply here
