Arrow Financial Corporation · 6 hours ago
Senior Mortgage Underwriter
Main Office, Glens Falls, NY, US
Full-time
Hybrid
Senior Level
$65K/yr - $75K/yr
6+ years expArrow Financial Corporation is seeking an experienced professional to join their Residential Lending team as a Senior Mortgage Underwriter. This role is responsible for independently underwriting, approving, and presenting complex residential mortgage loan applications while maintaining asset quality and supporting departmental production and risk management goals.
Financial ServicesInsurance
Responsibilities
Analyzes borrower income, creditworthiness, assets, and collateral for complex and higher-risk residential mortgage loan applications
Underwrites applications in accordance with bank policy, regulatory requirements, secondary market guidelines, and other third-party guidelines
Approves, approves with conditions, or denies mortgage applications within assigned authority limits
Reviews and analyzes income, asset, appraisal reports, and other supporting documentation for accuracy, adequacy, and compliance
Identifies, evaluates, and documents compensation factors, layered risk, and policy exceptions as appropriate
Prepares clear, well documented underwriting decisions to support audit, quality control, and regulatory examination requirements
Serves as resource for complex underwriting scenarios providing technical guidance to lending and processing teams
Collaborates with the Underwriting Manager regarding pipeline oversight, loan assignment, reporting, and exception tracking, as requested
Coordinates with internal team members, closing attorneys, and appraisers, and other third parties to ensure loan files are complete and ready for closing
Reviews and provides builder approval recommendations, construction advance schedules and draw requests
Participates in quality control reviews and completes audit and compliance activities for the residential lending portfolio as assigned by management
Maintains knowledge of changes in underwriting guidelines and regulatory requirements to ensure compliance
Qualification
Required
Proven experience in residential mortgage underwriting, including proficiency with Fannie Mac, Fannie Mae, FHA, and/or VA guidelines
Exceptional organizational and analytical skills with a meticulous attention to detail, particularly in reviewing complex financial documentation and borrower profiles
Strong passion for helping people in the community, applying ethical, sound judgement, to help qualified applicants achieve homeownership
Refined communication and customer service skills to clearly convey complex credit decisions and collaborate effectively with loan officers and processors
Bachelor's degree in a related field or equivalent experience required
6 years of mortgage underwriting or related mortgage experience required
Nationwide Multistate Licensing System (NMLS) license or ability to obtain within the first 30 days required
Strong problem solving, organizational and analytical skills; ability to extract and interpret information from multiple sources
Strong communication skills, both written and verbal; comfortable communicating with customers, co-workers, management, and other stakeholders
Thorough knowledge of underwriting, mortgage products, and current lending regulations
Excellent organizational, attention to detail, and time-management skills, with the ability to prioritize multiple tasks and consistently meet established deadlines
Ability to provide thorough income analysis, which includes reviewing self-employment income for all business structures
Preferred
Designations such as Direct Endorsement (DE) and/or U.S. Department of Veterans Affairs Lender Appraisal Processing Program (VA LAPP) preferred
Knowledge of Federal Housing Administration (FHA) and U.S. Department of Veterans Affairs (VA) program guidelines preferred
Proficiency in Microsoft Office applications (Word, Excel, Outlook) as well as department specific systems and software
Benefits
Competitive compensation including potential bonus and incentives as well as paid vacation, sick time, and holidays
Medical, Dental, and Vision Insurance and Flexible Spending Plan
Multiple retirement plans including: 401(k), Pension, and Employee Stock Ownership
Education and Tuition Reimbursement
Employee Assistance Program for our employees and their immediate family members
Company
Arrow Financial Corporation
Arrow Financial Corporation is an insurance company.
501-1000 employees
Funding
Current Stage
Public CompanyTotal Funding
unknown1980-08-15IPO
Leadership Team
David DeMarco
President & CEO
Penko Ivanov
SEVP, CFO & Treasurer
Recent News
2025-12-05
MarketScreener
2025-11-06
2025-11-05
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