Remote Mortgage Underwriter II — Flexible, Full-Time

Newtown Savings Bank; Newtown (CT); Hybrid; USD 85,000 - 110,000; Full time

Job summary

Newtown Savings Bank is seeking an experienced Mortgage Underwriter II to join our Loan Origination team. The role offers remote, flexible, full-time employment with onsite requirements for training and meetings.

You will underwrite daily loan files, ensure alignment with investor guidelines, and generate approvals for residential mortgage and home equity products. Candidate must live within commuting distance to Newtown, CT and be prepared to visit the office as needed.

Qualifications

• Minimum five years underwriting mortgages experience.
• Understanding of mortgage underwriting guidelines, Secondary Market, and mortgage underwriting analysis.
• FHA/Direct Endorsed Underwriter is preferred.
• Knowledge of Government Loans (CHFA, VA).
• Must be proficient with LP, DU/DO.
• Detail Oriented.
• Effective written and verbal communication skills.
• Strong analytical skills with a strong attention to detail.
• Demonstrates a commitment to quality customer service.
• Well organized with the ability to multi-task.
• Demonstrates strong time management skills with the ability to meet deadlines.
• Ability to adapt to change within working responsibilities, be it internal, market or regulatory driven.

Responsibilities

• Underwriters are required to complete underwriting of a daily list of loans generated by the Mortgage Underwriting Manager, meeting investor expiration dates and adhering to all compliance and investor regulations.
• Calculate debt to income ratios based on the client’s credit and income analysis, documenting sufficient assets for closing, review of the appraisal and verify all secondary market guidelines are met.
• Export data from the origination system into FNMA’s Desktop Underwriter, Freddie’s Loan Prospector or other Investor’s automated underwriting system; if applicable.
• Review the automated findings report and verify all approval conditions and/or products guidelines of the investor are satisfied.
• Review underwriting conditions and clear in the Loan Operating System. Communicate the final approval to the processor in a timely manner.
• Request additional approvals for mortgage insurance loans.
• Decision loans within the appropriate approval level, or review completed loans and make decision recommendations for management approval(s).
• Adhere to state and federal laws governing real estate lending transactions.
• Present recommendations and solutions to management on all loan files that are Ineligible or do not meet Secondary Market guidelines.
• Prepare counter offers and adverse actions on all mortgage and home equity files as needed.
• Underwrite simultaneous home equity product, if applicable.
• Perform other duties as necessary.
• Promotes the Bank and Bank’s services. Provides prompt and courteous service to all external and internal customers.

Skills

Mortgage underwriting

Underwriting guidelines

Analytical skills

Communication skills

Time management

Tools

LP/DU/DO

Job description

Newtown Savings Bank is seeking an experienced Mortgage Underwriter II to join our Loan Origination team. The role offers remote, flexible, full-time employment with onsite requirements for training and meetings.

You will underwrite daily loan files, ensure alignment with investor guidelines, and generate approvals for residential mortgage and home equity products. Candidate must live within commuting distance to Newtown, CT and be prepared to visit the office as needed.