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Peoples Security Bank & Trust · 4 weeks ago

Mortgage Loan Underwriter

Bethlehem,PA,US

Full-time

Onsite

Senior Level

5+ years exp

Peoples Security Bank & Trust is a financial institution seeking a Mortgage Loan Underwriter. The role involves performing administrative and underwriting duties to support the mortgage loan function, ensuring compliance with lending guidelines, and assessing borrower credit worthiness.

BankingFinancial ServicesInsurance

Responsibilities

Responsible for performing administrative and underwriting duties to support the mortgage loan function; acquiring intricate knowledge of underwriting and selling guidelines, especially those associated with the secondary market; achieving goals as established in the Bank’s business objectives; coordinating work within the department, as well as with other departments; complying with operating policies and procedures established for the mortgage loan function; communicating with appropriate personnel; maintaining appropriate records and providing assigned reports

Performs administrative and underwriting duties to support the mortgage loan function of which the following are illustrative:

Assists with pre-qualification underwriting and loan structuring

Performs of due diligence and underwriting once loans are under application

Verifies and reviews financial loan documents

Assesses borrower(s) credit worthiness

Processes and issues all required disclosures

Communicates changes in loan terms as necessary

Prepares recommendations for credit review committee or loan originators

Reviews loan documents for completeness

Assembles loan documents in loan file, including acceptance or denial and returns file to origination mortgage loan office

Notifies all required personnel of disposition of underwriting results

Performs credit analysis and approves mortgage loans within established lending authority

Maintains knowledge of FHA, VA, and USDA lending guidelines

Perform Administrative Compliance Reviews of subject property appraisals for completeness, accuracy, adequacy and validity in accordance with financial institution policy

Maintains intricate knowledge of underwriting and selling guidelines, especially those associated with the secondary market

Performs tasks which are supportive in nature to the essential functions of the job, but which may be altered or re-designed depending upon individual circumstances

Qualification

Mortgage underwritingFHA lending guidelinesVA lending guidelinesUSDA lending guidelinesCredit analysisLoan structuringAdministrative skillsCommunication skillsAttention to detail

Required

Associates Degree or equivalent knowledge normally required; specialized bank education/training related to mortgage lending

A minimum of five (5) years of related mortgage loan experience normally required

Maintains knowledge of FHA, VA, and USDA lending guidelines

Performs credit analysis and approves mortgage loans within established lending authority

Verifies and reviews financial loan documents

Assesses borrower(s) credit worthiness

Processes and issues all required disclosures

Communicates changes in loan terms as necessary

Prepares recommendations for credit review committee or loan originators

Reviews loan documents for completeness

Assembles loan documents in loan file, including acceptance or denial and returns file to origination mortgage loan office

Notifies all required personnel of disposition of underwriting results

Performs due diligence and underwriting once loans are under application

Assists with pre-qualification underwriting and loan structuring

Maintains intricate knowledge of underwriting and selling guidelines, especially those associated with the secondary market

Performs Administrative Compliance Reviews of subject property appraisals for completeness, accuracy, adequacy and validity in accordance with financial institution policy

Company

Peoples Security Bank & Trust

Peoples Security Bank & Trust has become one of the largest independent community banks in eastern Pennsylvania with a footprint stretching through Pennsylvania, New York, and New Jersey.

Founded in 1905

Scranton, Pennsylvania, USA

201-500 employees