TD Securities
Loan Underwriter IV (US)
– TD Securities
Work Location Windham, Maine, United States of America
Hours 40 hours per week
Pay Details $43.75 - $70.00 USD per hour
TD is committed to providing fair and equitable compensation opportunities, with salary ranges designed to allow progression over time based on skills and experience.
Line Of Business Credit Management
Job Description The Underwriter IV underwrites and evaluates the most complex conventional, FHA, VA, and CRA Residential Mortgage applications in compliance with bank policies and procedures. This job also underwrites and evaluates Home Equity and Consumer Loans.
Responsibilities
Underwrites complex residential mortgage loans and evaluates risk while ensuring the quality of each loan submitted.
Senior level loan decision authority, reviews and underwrites most complex portfolio loans – CEMA, Med/Pro, Construction, Jumbo and Wealth.
Approves loans, issues alternative options, or takes adverse action accordingly using sound judgment while applying bank policies and procedures within risk tolerance.
Independently considers, recommends and discusses alternative structures and overall assessments.
Evaluates all documents and conditions to determine loan eligibility.
Identifies loans for exceptions while ensuring proper procedures are followed for approval and documentation; clears or resolves any issues.
Escalates integrity issues as appropriate and ensures files are compliant to internal guidelines and external regulatory requirements.
Maintains knowledge of loan product guidelines, internal policies and procedures, and regulatory requirements.
Provides indirect supervisory authority; coaches and mentors junior underwriters; assists with training and assesses analysis prepared for accuracy and compliance with policy, guidelines and procedures in all prepared loan recommendations to arrive at an appropriate credit decision.
Obtains and reviews financial information and performs in-depth credit analysis practices.
Acts as a subject matter expert in the most complex lanes or work.
Qualifications
4 year degree or equivalent experience preferred.
5‑7 years of related experience.
Strong knowledge of local market sector and industry trends.
Ability to understand and interpret real estate appraisals.
Ability to identify, analyze and mitigate project risks.
Advanced written and verbal communication skills.
General knowledge of Microsoft Office Suite.
Strong interpersonal and negotiation skills.
Strong focus on documentation and risk management.
Demonstrated ability to complete complex tax return analysis to determine cash flow income.
History of underwriting complex jumbo loans in addition to thorough knowledge of agency guidelines.
Physical Requirements Never: 0%; Occasional: 1‑33%; Frequent: 34‑66%; Continuous: 67‑100%.
Domestic Travel – Occasional
International Travel – Never
Performing sedentary work – Continuous
Performing multiple tasks – Continuous
Operating standard office equipment – Continuous
Responding quickly to sounds – Occasional
Sitting – Continuous
Standing – Occasional
Walking – Occasional
Moving safely in confined spaces – Occasional
Lifting/Carrying (under 25 lbs.) – Occasional
Lifting/Carrying (over 25 lbs.) – Never
Squatting – Occasional
Bending – Occasional
Kneeling – Never
Crawling – Never
Climbing – Never
Reaching overhead – Never
Reaching forward – Occasional
Pushing – Never
Pulling – Never
Twisting – Never
Concentrating for long periods of time – Continuous
Applying common sense to deal with problems involving standardized situations – Continuous
Reading, writing and comprehending instructions – Continuous
Adding, subtracting, multiplying and dividing – Continuous
Equal Employment Opportunity TD Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law.
If you are an applicant with a disability and need accommodations to complete the application process, please email TD Bank US Workplace Accommodations Program at USWAPTDO@td.com. Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.
Additional Information Referrals increase your chances of interviewing at TD Securities by 2x.
Get notified about new Loan Underwriter jobs in
Windham, ME .
#J-18808-Ljbffr
– TD Securities
Work Location Windham, Maine, United States of America
Hours 40 hours per week
Pay Details $43.75 - $70.00 USD per hour
TD is committed to providing fair and equitable compensation opportunities, with salary ranges designed to allow progression over time based on skills and experience.
Line Of Business Credit Management
Job Description The Underwriter IV underwrites and evaluates the most complex conventional, FHA, VA, and CRA Residential Mortgage applications in compliance with bank policies and procedures. This job also underwrites and evaluates Home Equity and Consumer Loans.
Responsibilities
Underwrites complex residential mortgage loans and evaluates risk while ensuring the quality of each loan submitted.
Senior level loan decision authority, reviews and underwrites most complex portfolio loans – CEMA, Med/Pro, Construction, Jumbo and Wealth.
Approves loans, issues alternative options, or takes adverse action accordingly using sound judgment while applying bank policies and procedures within risk tolerance.
Independently considers, recommends and discusses alternative structures and overall assessments.
Evaluates all documents and conditions to determine loan eligibility.
Identifies loans for exceptions while ensuring proper procedures are followed for approval and documentation; clears or resolves any issues.
Escalates integrity issues as appropriate and ensures files are compliant to internal guidelines and external regulatory requirements.
Maintains knowledge of loan product guidelines, internal policies and procedures, and regulatory requirements.
Provides indirect supervisory authority; coaches and mentors junior underwriters; assists with training and assesses analysis prepared for accuracy and compliance with policy, guidelines and procedures in all prepared loan recommendations to arrive at an appropriate credit decision.
Obtains and reviews financial information and performs in-depth credit analysis practices.
Acts as a subject matter expert in the most complex lanes or work.
Qualifications
4 year degree or equivalent experience preferred.
5‑7 years of related experience.
Strong knowledge of local market sector and industry trends.
Ability to understand and interpret real estate appraisals.
Ability to identify, analyze and mitigate project risks.
Advanced written and verbal communication skills.
General knowledge of Microsoft Office Suite.
Strong interpersonal and negotiation skills.
Strong focus on documentation and risk management.
Demonstrated ability to complete complex tax return analysis to determine cash flow income.
History of underwriting complex jumbo loans in addition to thorough knowledge of agency guidelines.
Physical Requirements Never: 0%; Occasional: 1‑33%; Frequent: 34‑66%; Continuous: 67‑100%.
Domestic Travel – Occasional
International Travel – Never
Performing sedentary work – Continuous
Performing multiple tasks – Continuous
Operating standard office equipment – Continuous
Responding quickly to sounds – Occasional
Sitting – Continuous
Standing – Occasional
Walking – Occasional
Moving safely in confined spaces – Occasional
Lifting/Carrying (under 25 lbs.) – Occasional
Lifting/Carrying (over 25 lbs.) – Never
Squatting – Occasional
Bending – Occasional
Kneeling – Never
Crawling – Never
Climbing – Never
Reaching overhead – Never
Reaching forward – Occasional
Pushing – Never
Pulling – Never
Twisting – Never
Concentrating for long periods of time – Continuous
Applying common sense to deal with problems involving standardized situations – Continuous
Reading, writing and comprehending instructions – Continuous
Adding, subtracting, multiplying and dividing – Continuous
Equal Employment Opportunity TD Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law.
If you are an applicant with a disability and need accommodations to complete the application process, please email TD Bank US Workplace Accommodations Program at USWAPTDO@td.com. Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.
Additional Information Referrals increase your chances of interviewing at TD Securities by 2x.
Get notified about new Loan Underwriter jobs in
Windham, ME .
#J-18808-Ljbffr