Brentwood Bank is Hiring a Residential Mortgage Underwriter Near Bethel, PA
- Will maintain a NMLS number in order to originate applications.
- Review mortgage loans to ensure accuracy and completeness, validate findings to verity that all information matches. Work with team to address any deficiencies found to eliminate future issues and provide training and education on any deficiencies found.
- Ensure that all fair lending and compliance policies are followed both in dealings with customers, as well as the underwriting decisions that are made.
- Will be knowledgeable in regulations/ATR (ability to repay) during the underwriting process.
- Will verify employment along with income information, provide reviews on credit history and compute the borrower’s assets and collateral.
- Ensure that the specifications of properties and terms of loans meet the requirements of the financial institution and with the government regulations.
- Assist branch staff with loan applications.
- Communicates with branch staff and loan officer to ensure application information is complete and accurate.
- Obtains and analyzes credit, employment profile, credit strength, property characteristics, and all other information pertinent to the credit decision on each mortgage application.
- Select required conditions on each deal to be satisfied prior to funding and input information into the system.
- Verify accuracy of supporting employment, down payment, appraisal, and financial documentation received.
- Review documentation for compliance with internal and regulatory guidelines.
- Correspond with processors to get outstanding documentation needed to complete requirements per the commitment.
- Prioritize deals in Workflow queue in order to minimize turnaround time.
- Calculates debt-to-income and loan-to-value ratios.
- Must maintain working knowledge of Encompass loan system functionalities.
- Prepares commitment letter or adverse action notice based on loan decision.
- Provide a superior customer experience to all internal and external customers.
- Represent and promote favorable image and uphold the reputation through involvement in community activities.
- PREFERRED BUT NOT REQUIED: Experience and knowledge of underwriting secondary market residential loans
- Knowledge of underwriting secondary market residential loans in compliance with Agency guidelines, regulations and bank policies and procedures. This includes reviewing loan applications, analyzing applicants’ financial status, credit reports, title insurance commitments, property appraisals and applicable legal documents.
- Monitor all secondary investors, government, and MI guideline changes and determining effect on current and future loans ensuring compliance for all functions for the bank with examiners, auditors, secondary market.
- Work with secondary market investors on any post-closing issues or audits.
- Other duties as assigned.
- Bachelor’s degree in business, banking, finance, or any related field is preferred.
- Three to five years previous underwriting experience; mortgage lending; conventional, purchase and construction preferred.
- Prior experience and knowledge of Encompass Loan Origination System.
- Proven analytical skills, report writing skills and thorough attention to detail.
- Strong verbal and written communication and analytical skills.
- Demonstrated ability to resolve complicated issues as they arise.
- Proven organizational skills and demonstrated ability to prioritize and multi-task.
- Self-directed. Ability to work autonomously, to prioritize work and to meet deadlines.
- Strong MS Office Suite, and Mortgage Origination Systems.
- Job requires the ability to see fine print on printed material as well as small lettering on a computer screen.
- Job requires the ability to hear and listen to customers in person and on the telephone and clearly communicate with the customer.
- Job requires; keystroke finger abilities, bending or stretching for short periods of time and general minimal lifting to 30 lbs.
- Job may require working evenings and Saturdays. Job may require local travel between branches or offsite travel for training.
Job Summary
Full Time
$77k-101k (estimate)
06/24/2023
05/22/2024
brentwoodbank.com
PITTSBURGH, PA
50 - 100
1922
JOHN SLOANE
$10M - $50M
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About Brentwood Bank
Brentwood Bank is a full service Community Bank in the South Hills communities of Pittsburgh, as well as Beaver County. For more than 95 years, we've operated on the principal that banking is a people business. We take pride in maintaining longstanding traditions of strength, service and trust.
The job skills required for Residential Mortgage Underwriter include Underwriting, Mortgage Loans, Commitment, Written Communication, Attention to Detail, Professional Development, etc. Having related job skills and expertise will give you an advantage when applying to be a Residential Mortgage Underwriter. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Residential Mortgage Underwriter. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Residential Mortgage Underwriter positions, which can be used as a reference in future career path planning. As a Residential Mortgage Underwriter, it can be promoted into senior positions as a Mortgage Credit Supervisor that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Residential Mortgage Underwriter. You can explore the career advancement for a Residential Mortgage Underwriter below and select your interested title to get hiring information.
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