Home Equity Underwriter - Associate

F8F Santander Bank N.A.; Southington (CT); On-site; USD 66,000 - 108,000; Full time

Job summary

Santander is seeking a Home Equity Underwriter – Associate in Southington, CT to assess income, assets, and collateral for loan decisions. The role emphasizes thorough analysis, adherence to underwriting standards, and effective communication with borrowers and internal teams.

Requires 5+ years in financial analysis and a Bachelor's degree. You will review tax returns, cash flow and debt ratios, process applications in LOS, and ensure compliance with state and federal regulations.

Qualifications

• 5+ years of financial analysis, structuring, underwriting and portfolio management.
• Organized, self-sufficient, and able to complete projects on time.
• Strong knowledge of underwriting procedures and practices.
• Excellent member service and communication skills, with the ability to present information clearly.
• Detail-oriented with sound judgment and decision-making skills.
• Strong analytical and problem-solving skills, including the ability to gather information, establish facts, and draw valid conclusions.
• Strong mathematical skills, including profitability, percentages, ratios, and basic statistical concepts.
• Systems: Encompass - Preferred.
• Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

Responsibilities

• Underwrites and processes loans meeting department service levels.
• Reviews tax returns, cash flow, debt-ratio calculations, and collateral valuations.
• Analyzes income, assets, liabilities, and property to evaluate risk.
• Communicates with borrowers and internal/external parties to collect information.
• Reviews loan documents and inputs data in LOS.

Skills

Financial analysis

Underwriting

Portfolio management

Analytical skills

Communication skills

Mathematical skills

Encompass (LOS)

Education

Bachelor's degree

Tools

Encompass

Job description

Home Equity Underwriter - Associate

Country: United States of America

Introduction

It Starts With You: Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what's possible. This is more than a strategic shift. It's a chance for driven professionals to grow, learn, and make a real difference.

Role Responsibilities

The Associate, Underwriting underwrites safe and sound loans in an expedient manner through a review process of analyzing and evaluating income, assets, liabilities, and property. The incumbent carefully assesses and evaluates the risk of financing requests within the framework of the organization's credit culture and current economic and industry trends. They review self-employed, corporate and partnership tax returns, profit and loss, as well as financial statements to ascertain borrowers' income; ensures loans are in compliance with the organization's underwriting standards and all applicable state and federal laws, rules and regulations. Receives and reviews incoming loan application requests and supporting documentation delivered through managed electronic lending portals, queues or other avenues of receipt. Underwrites and processes loans depending on department need to meet stated service levels. Utilizes department policies & guidelines, in addition to cognitive thinking, to build profitable, performing secured and unsecured loans. Conducts credit analysis on each loan application including review of tax returns (personal and business), cash flow analysis, debt-ratio calculations, credit-scoring and collateral valuations. Communicates with internal and external parties to ensure all appropriate information has been received from borrowers to best evaluate loan requests and ability to repay as stated. Manages pending applications within Loan Origination System (LOS) queues as directed. Reviews applications and credit. Analyzes collateral, credit and loan risk. Reviews loan documents. Handles data input, reporting, servicing.

What You Bring

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Education: Bachelor's Degree: in related field or equivalent demonstrated through a combination of work experience, training, military service, or education.

Required Qualifications

• 5+ Years Financial analysis, structuring, underwriting and portfolio management.
• Organized, self-sufficient, and able to complete projects on time.
• Strong knowledge of underwriting procedures and practices.
• Excellent member service and communication skills, with the ability to effectively present information and respond to questions from members, managers, and the general public.
• Detail-oriented with sound judgment and decision-making skills.
• Strong analytical and problem-solving skills, including the ability to gather information, establish facts, and draw valid conclusions.
• Strong mathematical skills, including profitability, percentages, ratios, proportions, and basic statistical concepts.
• Systems: Encompass - Preferred.

It Would Be Nice For You To Have

• Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

Work Authorization & Sponsorship

Applicants must be legally authorized to work in the United States on a full-time basis without requiring employer sponsorship to commence employment.

Base Pay Range

Base Pay Range: Minimum: $65,625.00 USD Maximum: $107,500.00 USD

Benefits

We Value Your Impact: Your contribution matters and it's recognized. You can expect a fair and competitive rewards package that reflects the impact you create and the value you deliver. We know rewards go beyond numbers. Offering more than just a paycheck our benefits are designed to support you, your family and your well-being, now and into the future. Santander Benefits - 2026 Santander OnGoing/NH eGuide (foleon.com)

Risk Culture

We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

EEO Statement

At Santander, we value and respect differences in our workforce. We actively encourage everyone to apply. Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.

Working Conditions

Frequent minimal physical effort such as sitting, standing and walking is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required.

Employer Rights

This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate your employment at any time for any reason.