SENIOR UNDERWRITER

Develop and maintain processing and underwriting of 1-4 family residential and construction loan transactions in compliance with FNMA, FHLMC, MHFA, State and Federal Requirements.  Actively support sales efforts to promote the bank’s services and products.

Special Requirements:  3-5 years experience as Sr. Underwriter; DU/LP, LOS competency

ESSENTIAL ELEMENTS

• Review mortgage applications received from originators for completeness and accuracy.  Pre-Screen loan files for qualifications consistent with appropriate underwriting guidelines.  Assist others in resolving problems and respond to questions related to residential loans.
• Review submitted documentation for completeness and consistency with original information as indicated on the loan application.  Coordinate and communicate loan criteria and requirements to appropriate parties.
• Perform credit and appraisal analysis and approve residential loan originations ensuring compliance with investor criteria, including PMI companies; Bank regulators and Bank’s Board of Investment.       
• Contact vendors to check status of credit reports, appraisals, flood certification companies and attorneys.  
• Prepare commitment letters and/or adverse action letters.
• Update information as received and review approved loan conditions to ensure all conditions are satisfied in accordance to investor guidelines before forwarding to the Closing Department.
• Manage loan pipeline efficiently to ensure compliance with 30 day action required date, Purchase & Sales Agreement close date and Rate Lock expiration date.
• Review all HMDA information to ensure accuracy. Review GFE, TIL, ARM information, application dates and request revised disclosures, if applicable.
• Understands and underwrites broker loan submissions for investors, including non QM and FHA loans.

SECONDARY ELEMENTS

• Attend seminars, classes and staff meetings necessary to improve knowledge of banking.
• Participate in community events sponsored by the bank.
• Perform other related duties as required or directed.
• Ability to lift 25 lb. boxes of loan files as needed.

The Bank of Canton is an Equal Opportunity Employer of protected veterans and individuals with disabilities/Affirmative Action Employer

09/2025

You are required to adhere to all State, Federal, FDIC, and industry regulatory requirements, laws, regulations, as well as Bank of Canton policies and procedures

Salary : $26 - $44