Unity Bank
Position Summary
Responsible for underwriting and approving mortgage loan applications that maximize organizational profit and minimize risk. The position supports the branches, sales and operations functions of the Bank through accurate, timely and professional communication and rendering of sound credit decisions.
Essential Functions
Underwrite and approve Residential Mortgage loans, Construction loans, and Consumer loans and evaluate credit risk
Conduct loan-level due diligence and ensure each loan conforms to bank underwriting and/or investor guidelines.
Manage a pipeline of loans submitted for closing
Interact with other areas of the bank, including processing, sales, and the closing / funding teams, as well as servicing and secondary sales teams.
Perform a thorough review and analysis of all loan applicants in rendering a sound credit decision on all loans to ensure the Bank's ability to sell the loan on the secondary market or retain as a performing asset in its portfolio
Review and analyze credit, income, assets and collateral to ensure compliance FNMA, investor or Bank portfolio guidelines
Collaborate with team members and Management to identify or recommend potential solutions/exceptions for non-sellable or denied loan files
Examine all loan documentation to ensure accuracy and compliance with all state and federal policies and regulations
Communicate with mortgage sales, operations and branches to maintain a high level of customer service
Serve as a leader/trainer/mentor to processors and less experienced Operations staff
Maintain a high level of efficiency to ensure excellent turnaround times
Maintain current knowledge of all industry and bank program changes, policies and procedures
Communicates with Management on a loan by loan basis in recommending exceptions to policy
Additional Functions
Assist with loan delivery and servicing in resolving any port-closing/delivery issues with FNMA or investor
Assist Loan Officers by reviewing loan scenarios to ensure loan is placed in correct program
Education and Experience
BA/BS
7 years conventional underwriting experience required
FHA processing or underwriting experience a plus
Ability to analyze title reports, tax returns and appraisals is required
Detailed knowledge of FNMA/FHLMC guidelines is required
Extensive knowledge of Automated Underwriting Systems LP/DU is required
Excellent communication skills, both written and verbal, are required
Excellent proficiency with MS Word Suite
Knowledge, Skills, and Abilities
Ability, familiarity and competence to perform all aspects of a loan transaction, from opening through closing
Ability to analyze credit, income, assets, appraisals
Ability to calculate figures and amounts
Ability to read, analyze and interpret legal documents, government regulations and professional publications
Ability to effectively present information and respond to inquiries from Senior Management, attorneys, vendors, government agents and the general public
Ability to create and generate reports
Ability to work independently with little supervision
All qualified applicants will receive consideration for employment without regard to race, color, age, religion, gender, sexual orientation, gender identity, national origin, protected veteran status or disability. This job description is not an employment agreement or contract, implied or otherwise. Unity Bank maintains "at will" employment. This document describes the position currently available. It is intended to convey information essential to understanding the scope of the position and is not an exhaustive list of skills, efforts, duties, responsibilities, or working conditions associated with it. Unity Bank reserves the right to modify duties or job descriptions at any time. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities at any time. Individuals may perform other duties as assigned, including work in other functional areas to cover absences or relief, to equalize peak work periods, or otherwise balance the workload.
Unity Bank is committed to the principles of equal employment opportunity and prohibits discrimination in hiring, promotion and terms and conditions of employment on the basis of race, creed, color, national origin/nationality, ancestry, religion/religious practices or observances, age, sex, gender identity or expression, affectional or sexual orientation, marital status, civil union status, domestic partnership status, disability or perceived disability, atypical hereditary cellular or blood trait, genetic information, and status as a veteran or disabled veteran of, or liability for service in, the Armed Forces of the United States.
Unity Bank commits to making reasonable accommodation to the known physical or mental limitations of qualified individuals with disabilities and qualified disabled veterans provided the individual is able to perform the essential functions of the job, unless such accommodation would impose an undue hardship upon Unity Bank. A qualified employee or job applicant with a disability may request a reasonable accommodation by contacting Unity Bank's human resources department.
#J-18808-Ljbffr
Essential Functions
Underwrite and approve Residential Mortgage loans, Construction loans, and Consumer loans and evaluate credit risk
Conduct loan-level due diligence and ensure each loan conforms to bank underwriting and/or investor guidelines.
Manage a pipeline of loans submitted for closing
Interact with other areas of the bank, including processing, sales, and the closing / funding teams, as well as servicing and secondary sales teams.
Perform a thorough review and analysis of all loan applicants in rendering a sound credit decision on all loans to ensure the Bank's ability to sell the loan on the secondary market or retain as a performing asset in its portfolio
Review and analyze credit, income, assets and collateral to ensure compliance FNMA, investor or Bank portfolio guidelines
Collaborate with team members and Management to identify or recommend potential solutions/exceptions for non-sellable or denied loan files
Examine all loan documentation to ensure accuracy and compliance with all state and federal policies and regulations
Communicate with mortgage sales, operations and branches to maintain a high level of customer service
Serve as a leader/trainer/mentor to processors and less experienced Operations staff
Maintain a high level of efficiency to ensure excellent turnaround times
Maintain current knowledge of all industry and bank program changes, policies and procedures
Communicates with Management on a loan by loan basis in recommending exceptions to policy
Additional Functions
Assist with loan delivery and servicing in resolving any port-closing/delivery issues with FNMA or investor
Assist Loan Officers by reviewing loan scenarios to ensure loan is placed in correct program
Education and Experience
BA/BS
7 years conventional underwriting experience required
FHA processing or underwriting experience a plus
Ability to analyze title reports, tax returns and appraisals is required
Detailed knowledge of FNMA/FHLMC guidelines is required
Extensive knowledge of Automated Underwriting Systems LP/DU is required
Excellent communication skills, both written and verbal, are required
Excellent proficiency with MS Word Suite
Knowledge, Skills, and Abilities
Ability, familiarity and competence to perform all aspects of a loan transaction, from opening through closing
Ability to analyze credit, income, assets, appraisals
Ability to calculate figures and amounts
Ability to read, analyze and interpret legal documents, government regulations and professional publications
Ability to effectively present information and respond to inquiries from Senior Management, attorneys, vendors, government agents and the general public
Ability to create and generate reports
Ability to work independently with little supervision
All qualified applicants will receive consideration for employment without regard to race, color, age, religion, gender, sexual orientation, gender identity, national origin, protected veteran status or disability. This job description is not an employment agreement or contract, implied or otherwise. Unity Bank maintains "at will" employment. This document describes the position currently available. It is intended to convey information essential to understanding the scope of the position and is not an exhaustive list of skills, efforts, duties, responsibilities, or working conditions associated with it. Unity Bank reserves the right to modify duties or job descriptions at any time. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities at any time. Individuals may perform other duties as assigned, including work in other functional areas to cover absences or relief, to equalize peak work periods, or otherwise balance the workload.
Unity Bank is committed to the principles of equal employment opportunity and prohibits discrimination in hiring, promotion and terms and conditions of employment on the basis of race, creed, color, national origin/nationality, ancestry, religion/religious practices or observances, age, sex, gender identity or expression, affectional or sexual orientation, marital status, civil union status, domestic partnership status, disability or perceived disability, atypical hereditary cellular or blood trait, genetic information, and status as a veteran or disabled veteran of, or liability for service in, the Armed Forces of the United States.
Unity Bank commits to making reasonable accommodation to the known physical or mental limitations of qualified individuals with disabilities and qualified disabled veterans provided the individual is able to perform the essential functions of the job, unless such accommodation would impose an undue hardship upon Unity Bank. A qualified employee or job applicant with a disability may request a reasonable accommodation by contacting Unity Bank's human resources department.
#J-18808-Ljbffr