Underwriter - Albany, NY

Underwriter

Reports to: Retail Lending Manager

FLSA Status: Non- Exempt | Supervisory Role: No

Why Join Us?

At Trustco Bank, we’re committed to fostering a supportive and inclusive workplace where our employees can grow their careers. We believe that our people are our greatest asset and consider our employees as family. We value each team member’s contribution and offer a supportive, collaborative work environment. Join a reputable financial institution dedicated to fostering professional growth, integrity, and community impact. Be part of a team that values precision, innovation, and customer-centric service.

Ready to make a difference in the world of residential lending? Apply today and help us shape the future of homeownership at Trustco Bank!

We believe that investing in our employees means investing in the future of our company. As a valued team member, you will be eligible for a generous compensation and benefits package that includes: medical, dental and vision insurance, a health savings account with an annual employer contribution, a 401(k)-retirement plan with generous employer match, paid time off plus 11 paid federal holidays, training and professional development programs, tuition reimbursement, reduced fees and rates on certain loan products, and much more!

About The Underwriter Role

At Trustco Bank, we’re seeking a detail-oriented and analytical Residential Underwriter to champion our mortgage lending initiatives. As a key player in our dynamic team, you will meticulously evaluate loan applications, ensuring accuracy, compliance, and sound financial judgment. Your expertise will help empower our customers to achieve their homeownership dreams while maintaining our commitment to excellence and integrity.

Key Responsibilities

• Thorough Evaluation: Scrutinize all loan documentation for accuracy, completeness, and adherence to regulatory standards.
• Financial Analysis: Assess borrower’s cash flow, creditworthiness, and financial stability by reviewing financial statements, credit reports, and relevant ratios.
• Property Appraisal Review: Ensure valuations meet bank policies, guidelines, and industry best practices.
• Timely Decision-Making: Maintain efficient underwriting processes to deliver prompt loan decisions, balancing speed with precision.
• Regulatory Compliance: Stay current with federal and state regulations impacting lending practices, ensuring all underwriting activities are compliant.
• Product Knowledge: Keep abreast of evolving loan products and origination requirements to provide expert evaluations.
• Income Verification: Utilize advanced calculator skills to validate income and supporting documentation accurately.
• Continuous communication with loan processors and the Closing Department.
  
  

This job description is not exhaustive; duties and responsibilities may change at any time with or without notice.

Qualifications

Required

• High School Diploma or equivalent; Associate’s degree or higher in a business-related field preferred.
• Proven underwriting experience, coupled with excellent customer service skills.
• Strong verbal and written communication capabilities.
• Ability to manage multiple tasks efficiently within strict deadlines.
• Working knowledge of Microsoft Office Suite, particularly Excel and Word.
• Demonstrated ability to work autonomously and as part of a team.
• Fluent in English; bilingual a plus
• Access to reliable transportation
  
  

Schedule

Full-time position: Monday – Friday, 8:30 AM – 5:00 PM (occasionally 6:00 PM on Thursdays and Fridays), occasional Saturdays from 9:00 AM – 1:00 PM as job duties demand

Travel: Occasional travel using personal vehicle; valid driver’s license required.

Equal Employment Opportunity Statement

Trustco Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, marital status, genetic information, disability, or protected veteran status. This includes, but is not limited to, the following:

• Hiring, placement, upgrading, transfer, demotion or promotion
• Recruitment, advertising or solicitation for employment
• Treatment during employment
• Rates of pay or other forms of compensation
• Selection for training, including apprenticeship
• Layoff or termination
  
  

It is the policy of Trustco Bank to cooperate to the fullest extent with the applicable regulations of the Civil Rights Act and any legislation on Equal Employment Opportunity.