Home Equity Underwriter

Citizens Financial; Kentucky; On-site; USD 65,000 - 90,000; Full time

Job summary

Citizens Financial is seeking an experienced Home Equity Underwriter to render quality credit decisions on HELOC applications. You will review required documents to ensure underwriting decisions comply with policy and regulatory guidelines while supporting efficient processing.

Responsibilities include analyzing POI documents and tax returns to verify income, documenting methodologies, and identifying counteroffer opportunities.

Qualifications

• Three to five years related experience.
• Home Equity lending experience preferred.
• Demonstrated knowledge of equity lending policies, procedures, and products, as well as knowledge of secondary market guidelines.
• Must be organized, detail-oriented and have excellent interpersonal, communication and computer skills.
• Experience with automated systems.
• Ability to work well with retail sales and loan officers.
• Demonstrated ability to analyze and evaluate complex income calculations.

Responsibilities

• Analyze and appropriately decision Home Equity Line of Credit applications in accordance with the Consumer Lending credit policy and regulatory guidelines (including the Fair Credit Reporting Act and Equal Credit Opportunity Act).
• Ensure material information captured in the application is accurate and updated as needed based on the documentation provided. Demonstrate sound judgment in the analysis of required documentation while mitigating organization risk through appropriate decision making.
• Meet or exceed productivity levels and credit quality standards as established.
• Analyze and interpret POI documents, including personal tax returns, in order to determine verifiable income in an effort to verify a customer's ability to repay the loan. Clearly document files with the methodology used to calculate the income.
• Analyze all applications for counteroffer opportunities when the original terms requested do not qualify.
• Respond timely to questions and emails to provide superior customer service to both internal and external customers.

Skills

Credit analysis

Regulatory compliance

Income verification

Analytical thinking

Attention to detail

Communication skills

Tools

Underwriting software

Automated systems

Job description

As part of our team, you're made ready for a fulfilling career with exciting new challenges and opportunities to stretch yourself! While in this role, you are responsible for rendering quality credit decisions on new HELOC applications. Additionally, you will review all required documentation deemed necessary to determine the credit decision is valid and in line with underwriting policies. Most importantly, here you'll experience new things, create new opportunities, think beyond your role and make an impact!

Primary responsibilities include

• Analyze and appropriately decision Home Equity Line of Credit applications in accordance with the Consumer Lending credit policy and regulatory guidelines (including the Fair Credit Reporting Act and Equal Credit Opportunity Act).
• Ensure material information captured in the application is accurate and updated as needed based on the documentation provided. Demonstrate sound judgment in the analysis of required documentation while mitigating organization risk through appropriate decision making.
• Meet or exceed productivity levels and credit quality standards as established.
• Analyze and interpret POI documents, including personal tax returns, in order to determine verifiable income in an effort to verify a customer's ability to repay the loan. Clearly document files with the methodology used to calculate the income.
• Analyze all applications for counteroffer opportunities when the original terms requested do not qualify.
• Respond timely to questions and emails to provide superior customer service to both internal and external customers.

Qualifications, Education, Certifications and/or Other Professional Credentials

• Three to five years related experience.
• Home Equity lending and processing experience preferred.
• Demonstrated knowledge of equity lending policies, procedures, and products, as well as knowledge of secondary market guidelines.
• Must be organized, detail-oriented and have excellent interpersonal, communication and computer skills.
• Experience with automated systems.
• Proficiency with the system is essential. Attendance in office during normal business hours (at minimum) may be required in order to effectively coordinate with multiple departments, projects and outside entities.
• Ability to work well with retail sales and loan officers.
• Demonstrated ability to analyze and evaluate complex income calculations.
• Desire to work in a fast-paced production environment.

Hours & Work Schedule

Hours per Week:40

Work Schedule: Monday-Friday, 4 days a week in the office in Mason, OH