Retail Lending Underwriter III
Bangor Savings Bank, Portsmouth, NH, United States
Underwriting Position
Working under the direction and guidelines established by the Underwriting Manager(s), underwrites residential mortgage and consumer applications to secondary market/investor requirements, bank policy and procedures as well as all mortgage and consumer regulations. Reviews and analyzes all relevant data and documentation to determine overall risk profile in order to make solid credit decisions. Accountabilities: Perform a detailed review of the residential mortgage and consumer loan application and documentation as submitted to determine services, disclosures and actions needed to prepare for the processing and underwriting. Register applicable loans with Federal Housing Administration or Veteran Administration. Assign credit, income and property documents in the proper folder. Responsible for effectively communicating and documenting the loan files with any missing information and questionable findings. Make consumer credit decisions within set limits and communicate results to the lending officer. Develop and maintain knowledge of multiple loan product guidelines. Serves as a subject matter expert and back-up for mortgage and consumer analysts and administrative functions in operations. Duties and Responsibilities: Ensure loans meet applicable agency, bank and regulatory requirements as it relates to documentation and disclosures. Prepares the mortgage and consumer file with all needed documentation and services from internal systems and income/asset vendor providers. Completes all required initial regulatory documentation and electronically sends to the customer(s). Completes clerical work for the underwriting department including but not limited to pre-qualification denials, withdrawn, reporting, etc. Document any discrepancies, missing information, etc. for the underwriting team preventing duplication of review and/or errors. Proficient at running, reading and interpreting fraud results in order to clear the conditions or alert the underwriter of the issues. Complete all required inputs to Encompass and ACTion as well as any ancillary systems. Review all documents to ensure they are needed and park in the appropriate area. Process consumer employee benefit loans that are approved through our human resources department. Keep informed of current and acceptable practices via AllRegs and investor bulletins and websites. Consistently meet or exceed established minimum productivity and quality goals. Works with management in creating efficiencies, developing new ideas and making the department more effective. Bangor Savings Bank provides equal employment opportunities to all applicants and employees without regard to race, color, religion, gender, sexual orientation, age, national origin or any other class protected under state or federal law and affirmatively seeks to advance the principals of equal employment opportunity. In addition, the bank is committed to providing equal employment opportunities to qualified persons with disability, veterans, and/or disabled veterans.
Working under the direction and guidelines established by the Underwriting Manager(s), underwrites residential mortgage and consumer applications to secondary market/investor requirements, bank policy and procedures as well as all mortgage and consumer regulations. Reviews and analyzes all relevant data and documentation to determine overall risk profile in order to make solid credit decisions. Accountabilities: Perform a detailed review of the residential mortgage and consumer loan application and documentation as submitted to determine services, disclosures and actions needed to prepare for the processing and underwriting. Register applicable loans with Federal Housing Administration or Veteran Administration. Assign credit, income and property documents in the proper folder. Responsible for effectively communicating and documenting the loan files with any missing information and questionable findings. Make consumer credit decisions within set limits and communicate results to the lending officer. Develop and maintain knowledge of multiple loan product guidelines. Serves as a subject matter expert and back-up for mortgage and consumer analysts and administrative functions in operations. Duties and Responsibilities: Ensure loans meet applicable agency, bank and regulatory requirements as it relates to documentation and disclosures. Prepares the mortgage and consumer file with all needed documentation and services from internal systems and income/asset vendor providers. Completes all required initial regulatory documentation and electronically sends to the customer(s). Completes clerical work for the underwriting department including but not limited to pre-qualification denials, withdrawn, reporting, etc. Document any discrepancies, missing information, etc. for the underwriting team preventing duplication of review and/or errors. Proficient at running, reading and interpreting fraud results in order to clear the conditions or alert the underwriter of the issues. Complete all required inputs to Encompass and ACTion as well as any ancillary systems. Review all documents to ensure they are needed and park in the appropriate area. Process consumer employee benefit loans that are approved through our human resources department. Keep informed of current and acceptable practices via AllRegs and investor bulletins and websites. Consistently meet or exceed established minimum productivity and quality goals. Works with management in creating efficiencies, developing new ideas and making the department more effective. Bangor Savings Bank provides equal employment opportunities to all applicants and employees without regard to race, color, religion, gender, sexual orientation, age, national origin or any other class protected under state or federal law and affirmatively seeks to advance the principals of equal employment opportunity. In addition, the bank is committed to providing equal employment opportunities to qualified persons with disability, veterans, and/or disabled veterans.