What are the responsibilities and job description for the Sr. Mortgage Underwriter position at CFBank?
About CFBank:
We are a fast-growing, high-achieving organization that thrives on winning. We are proud to be ranked nationally in the top 10 Banks within our asset size peer group based on financial performance. If you are seeking a place where you can have enhanced visibility, add more value, and you thrive in a dynamic and growth-focused environment, you belong at CFBank. We are agile, we work with integrity, and we hustle. For over 130 years we’ve been serving our communities and over the past decade have become a top performer, successfully growing our business and attracting some of the best talent out there. We are a commercial bank that offers a boutique banking experience for personal banking clients. Our unique business model offers direct access to decision-makers, great technology, great products, and competitive pricing that position our teams to go into the market and win business.
About the role:
The Mortgage Underwriter is responsible for assessing clients applying for loans and for underwriting loans and determining the financial risks a potential client could pose to the company and whether a relationship between the two would be lucrative.
What you’ll do:
- Maintain current understanding of policies and guidelines associated with lending.
- Work with lending and operational staff throughout the loan process.
- Review all information in client's application for accuracy and completeness.
- Assess client's income and expenses, including bank accounts, financial statements, and pay stubs.
- Determine client's willingness and ability to repay loan and other possible risk factors.
- Use specific software to analyze the information provided in the applications to verify the probability of a loss for the company.
- Evaluate loan applications in relation to the company's underwriting standards.
- Green light or decline loans based on analysis.
- Develop and enhance company policies related to lending and underwriting guidelines.
- Uphold CFBank’s underwriting standards and exercise professional understanding to approve loans that are profitable to the Bank.
Education and Experience:
- 3-5 Years of experience in a prior underwriting position.
- Ability to perform work with accuracy and attention to detail.
- Thorough understanding of federal and local regulations and laws about lending.
What We Offer:
- Excellent Benefits Package: Top benefits include dependent coverage, generous PTO, Federal Holidays, and Paid Parental Leave for those who qualify for eligibility.
- Professional development opportunities including educational/training opportunities
- “Accelerated” 401k Plan and Employee Match of 50% of the first 8% deferred, available your first full month of employment with a 3-year vesting
- Employee Banking Promos and Direct Deposit of payroll to CFBank Account (over 90% of our employees bank with us!)
- Employee Assistance Program with a wide range of free resources such as estate planning and mental wellness resources
- One of the most collaborative environments you’ll find, with a team of hard-working mutually invested professionals who are excited about shared success