Loan Underwriter

First Citizens Community Bank; Pennsylvania; On-site; USD 60,000 - 90,000; Full time

Job summary

First Citizens Community Bank in Pennsylvania seeks an experienced Mortgage Underwriter to evaluate consumer and residential loan applications in line with agency, investor, and internal guidelines. You will assess credit risk, review appraisals, title reports and ensure salability for investors.

Responsibilities include supporting senior underwriters, coordinating with processors and loan officers, maintaining lending compliance, and staying current with regulatory changes affecting real estate

Qualifications

• Three-plus years of position-related experience.
• Working knowledge of bank lending and underwriting policies and procedures, as well as loan processing.
• Strong communication skills and ability to multitask.
• Proficient in Microsoft Office Suite and related program software. (Encompass, DU & LPA UW Systems preferred)

Responsibilities

• Underwrite consumer mortgage loans per guidelines and ensure salability to investors.
• Review loans and appraisals for credit quality and adherence to standards.
• Provide back-up support to Senior Mortgage Underwriters and processing staff.
• Communicate with processors and loan officers on issues and denials.
• Ensure lending compliance and stay current on regulatory changes affecting real estate lending programs.

Skills

Underwriting experience

Communication skills

Microsoft Office

Time management

Education

Bachelor’s degree or equivalent

Tools

Encompass

DU/LPA UW Systems

Job description

Description

• Responsible for underwriting consumer mortgage loans according to portfolio, agency and investor guidelines and ensuring the salability to investors, having a good working knowledge of loan underwriting and loan processing. Ensure loans and appraisals are reviewed within credit quality and standards of company, agency, and investor guidelines, as well as review of title reports to ensure no judgments, mortgages, mechanical liens, or any other issues that will affect the bank’s lien position.
• Ensure asset quality standards are maintained in the origination of residential mortgage and consumer portfolio loans and secondary market loans, adhering to all underwriting standards, loan policies and regulations, and documentation requirements.
• Provide back-up support to Senior Mortgage Underwriters including, but not limited to, appraisal, income, asset, investor suspense’s, and quality control reviews. When needed, provide administrative and technical support to other underwriting personnel and support over processing staff and loan officers, when applicable.
• Communicate with processors and loan officers when any issues arise if a favorable decision cannot be made or if loan needs restructuring. Complete denials when the loan cannot be restructured and does not meet agency, bank, and investor guidelines.
• Responsible for lending compliance including mortgage and consumer loan compliance. Work with Processing and the Underwriting Manager to ensure that all policies and procedures meet regulatory lending requirements. Remain current on changes within the legal, regulatory, economic, competitive, and technology environments which may affect real estate lending programs. Keep abreast of current real estate markets in the local area as well as outlying areas and branch service areas.
• Assist underwriting and closing departments in the Construction to Conversion modification process.
• Ensure the adequacy of loan documentation and perfection of security interests.
• Constructively interact with co-workers.

Requirements

• Three-plus years of position-related experience.
• Bachelor’s degree in related field or equivalent professional experience. (preferred)
• Working knowledge of bank lending and underwriting policies and procedures, as well as loan processing.
• General understanding of marketing and lending principles and of bank-related laws and regulations.
• Knowledge of the features and benefits of bank products and services.
• Math and basic accounting skills
• Time management and ability to multitask
• Strong communication skills
• Proficient in Microsoft Office Suite and related program software.
• Proficient with or the ability to quickly learn position-related software. (Knowledge of Encompass, DU & LPA Automated Underwriting Systems preferred)
• Specialized and position related education and training. (preferred)