Residential Mortgage Underwriter

The Arrow Financial Corporation Family of Companies is seeking dynamic, authentic individuals to join our amazing team!  Currently, we are looking for an experienced professional to join Residential Lending team as a:

Residential Mortgage Underwriter

This opportunity may be perfect for you if you have experience in:

> Proven experience in residential mortgage underwriting, including proficiency with Fannie Mac, Fannie Mae, FHA, and/or VA guidelines. 

> Exceptional organizational and analytical skills with a meticulous attention to detail, particularly in reviewing complex financial documentation and borrower profiles. 

> Strong passion for helping people in the community, applying ethical, sound judgement, to help qualified applicants achieve homeownership.

> Refined communication and customer service skills to clearly convey complex credit decisions and collaborate effectively with loan officers and processors.

About this position:

Responsible for underwriting and presenting residential loan applications, analyzing supporting documentation and making appropriate decision recommendations which comply with operating policies and procedures established for the real estate lending function. This position requires a regular, scheduled presence at our Glens Falls, New York headquarters. The schedule is hybrid optional, but candidates must be able to easily commute to Glens Falls, New York for required office days. This role is not a fully remote opportunity.

ESSENTIAL JOB FUNCTIONS:

> Analyze income and credit worthiness to determine applicant ability and willingness to repay.

> Review and analyze income documentation, appraisal reports and other documentation for adequacy and compliance with Bank, secondary market, regulatory and other third-party guidelines.

> Work directly with other Company personnel, closing attorneys, and real estate appraisers to ensure that files are complete and documented adequately prior to closing.

> Assist with administration of construction loans by making recommendations regarding builder approval, construction advance schedules and draw requests.

> Support other business units for quality control, audit and compliance support as requested, by reviewing pre-closing and/or post-closing residential loan file data and documentation. 

> Prepare, review and reconciles reports as requested.

What you will need to thrive in this role:

In addition to your work and life experiences, as well as your passion and excitement for the profession, you would benefit from having: 

Education/Certifications:

> Bachelor’s degree in a related field or equivalent experience required

> Advanced Degree, certification, or license preferred

> 4 years of mortgage, finance, real estate, legal or general business experience 

Skills/Knowledge:

> Solid problem solving, organizational and analytical skills; ability to extract and interpret information from multiple sources

> Strong communication skills, both written and verbal; comfortable communicating with customers, co-workers, management, and other third parties

> Thorough knowledge of underwriting, all mortgage products, and current lending regulations

> Proficient in Microsoft Office Suite: Word, Excel, Outlook as well as banking-related software

Physical Demands:

> Must be able to sit for prolonged periods of time and walk/stand for brief periods of time.

> Must be able to repetitively use a telephone and computer mouse and keyboard.

> Ability to lift/move up to 15 lbs.

What we will bring to the table:

We believe in investing in our employees and helping them grow their career with us.  We offer a pleasant, inclusive work environment, career development opportunities, and competitive compensation.  Through our total rewards program, we offer a comprehensive benefits package featuring:

>    Competitive compensation including potential bonus and incentives as well as paid vacation, sick time, and holidays

>    Medical, Dental, and Vision Insurance and Flexible Spending Plan

>    Multiple retirement plans including: 401(k), Pension, and Employee Stock Ownership

>    Education and Tuition Reimbursement

>    Employee Assistance Program for our employees and their immediate family members

We are an Equal Opportunity Employer. Our philosophy and practice are to provide equal opportunity to all employees and applicants for employment without regard to race (including traits historically associated with race), color, religion, creed, gender, sex, pregnancy (including childbirth and related conditions), sexual orientation, gender identity or expression, status of being transgender, national origin, age, disability, genetic information, predisposing genetic characteristics or carrier status, marital status, familial status, amnesty, status as a victim of domestic violence, reproductive health decision making, citizenship or immigration status, prior convictions or arrests, military status, status as a protected veteran, known relationship or association with any member of a protected class, or any other federal, state, or local legally protected classes. As a multi-bank holding company, Arrow Financial Corporation has over $4 billion in assets. Through our subsidiaries we provide a broad range of banking and insurance services across northeastern New York, including online and mobile banking, wealth management, money market and deposit accounts, and mortgage, consumer and commercial loans.

We are committed to delivering value for our shareholders, our customers, and our communities. Our conservative business model and strategy of steady growth have resulted in many recognitions from the nation’s leading publications and bank-rating firms.

The salary range for this position is $24.00-$29.00 per hour commensurate with experience and education. Additional compensation may be earned through the Company’s annual bonus program, subject to individual and company performance.

L1-st1