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BCB Bank · 1 month ago

Residential and Consumer Loan Underwriter

Fairfield, NJ

Full-time

Onsite

New Grad, Entry Level

$65K/yr - $85K/yr

BCB Community Bank is seeking a Consumer and Residential Loan Underwriter responsible for evaluating mortgage and consumer loan packages. The role involves gathering and analyzing credit information, conducting risk assessments, and ensuring compliance with lending requirements.

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Responsibilities

Evaluates mortgage and consumer loan packages and provides loan approval with conditions to close or underwrite

Conducts comprehensive risk assessments, analyzing debt-to-income and loan-to-value ratios, credit scores, and property valuations

Performs in-depth analysis of credit reports, appraisals, and supporting documentation to qualify and classify loans according to company and regulatory guidelines

Identifies potential risk issues and fraudulent activity throughout the application process

Ensures all conditions are met and completed before final sign-off on mortgage documents

Maintains knowledge of lending requirements, internal policies and procedures, and compliance and regulatory requirements

Analyze collateral as a secondary repayment source to assess the secured position of the Bank

Qualification

Credit analysisRisk assessmentLoan underwritingRegulatory complianceBasic computer skillsInterpersonal skillsOrganizational skillsCommunication skills