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Ballston Spa National Bank · 22 hours ago

Junior Underwriter

Latham,NY,US

Full-time

Onsite

Entry Level

$24/hr - $30/hr

3+ years exp

Ballston Spa National Bank is a nationally recognized bank and a capital region Best Place to Work, seeking a customer-focused individual to join their Retail Lending Department as a Junior Underwriter. The role involves central underwriting of various loan types, assisting customers and branch staff by reviewing and analyzing credit and loan applications to make decisions within Bank guidelines.

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Responsibilities

Upon receipt of application, perform all underwriting requirements for loans that will kept in portfolio, sold on secondary market, or put in REIT and enter into appropriate software systems in a timely manner

Review file for all appropriate disclosures and additional required documentation. If additional items are needed, they are consistently included in the commitment letter

Obtain and review the appraisal and all required documentation from the Branch/Loan Originator to support the AU findings. Complete the URAR Appraisal Desk Review form and ensure any issues on the appraisal are resolved

Work closely with the Loan Originators to provide assistance in regard to product knowledge, pricing and file requirements. Maintain communication with the Loan Originators on loan status in a timely manner

In conjunction with the Senior Underwriter and Underwriters, perform central underwriting of mortgages, direct and indirect consumer loans, home equities, mobile home loans, instant money lines. Insure loan decisions are consistent with policy, and recommend creative solutions for approval as applicable

Qualification

Mortgage processingConsumer lendingLoan documentationCredit report analysisRegulatory complianceCustomer serviceAttention to detailOrganizational skillsSelf-starter

Required

A.S. degree preferred, Bachelor's degree in business or related field preferred

a minimum of three years' related experience in mortgage processing, mortgage origination, HELOC or consumer lending experience; or equivalent combination of education and experience required

Prior experience in a customer service setting required

Computer literacy and a strong attention to detail required

The individual must be highly organized and a self-starter

Knowledge of consumer lending regulatory and compliance guidelines as well as loan documentation required

Ability to analyze credit reports and working knowledge of income calculations to determine credit worthiness required

Knowledge of Reg Z and other regulatory requirements required