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Ballston Spa National Bank · 23 hours ago

Underwriter

Latham,NY,US

Full-time

Onsite

Entry, Mid Level

$25/hr - $33/hr

2+ years exp

Ballston Spa National Bank is a nationally recognized bank and a capital region Best Place to Work. They are seeking an experienced customer-focused individual to join their Retail Lending Department as an Underwriter, responsible for the central underwriting of various loan types and assisting customers and branch staff with loan applications.

BankingCommunitiesInsuranceVenture Capital

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

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

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 search for creative solutions

Perform closing of home equity loans as volume or coverage needs dictate

Qualification

Underwriting experienceFNMA guidelines knowledgeFHLMC guidelines knowledgeDO/DU familiarityLPA familiarityConsumer lending regulationsLoan documentation knowledgeCustomer service experienceComputer literacyCredit report analysisIncome calculation knowledgeReg Z knowledgeAttention to detailOrganizational skillsSelf-starter

Required

A.S. degree preferred; two years related underwriting experience in the consumer and residential lending arenas; or equivalent combination of education and experience required

Demonstrated knowledge of FNMA and FHLMC underwriting guidelines 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, including ability to analyze credit reports and working knowledge of income calculations to determine credit worthiness

Knowledge of Reg Z and other regulatory requirements required