Residential Mortgage Underwriter — Risk & Compliance Expert

Mauch Chunk Trust Company; Jim Thorpe (PA); On-site; USD 65,000 - 95,000; Full time

Job summary

Mauch Chunk Trust Company seeks an experienced Residential Mortgage & Consumer Loan Underwriter to evaluate and decide on mortgage and consumer loan applications. This role analyzes income, assets, liabilities, credit history, and property values to ensure credit quality and regulatory compliance.

The successful candidate will apply Fannie Mae, Freddie Mac, and mortgage insurance guidelines, determine eligibility, and communicate decisions clearly to originators and customers.

Qualifications

• Bachelor's degree in finance, accounting, or a related field preferred.
• Three to five years of lending or underwriting experience.
• Knowledge of residential mortgage and consumer lending practices.
• Working knowledge of Fannie Mae, Freddie Mac, and mortgage insurance underwriting guidelines.
• Knowledge of applicable lending laws and regulations.
• Ability to review personal and business tax returns, financial statements, and other financial documentation.
• Strong understanding of accounting principles, personal finance, credit analysis, and cash-flow analysis.
• Excellent analytical, mathematical, problem-solving, verbal, and written communication skills.
• Strong interpersonal skills and the ability to communicate difficult credit decisions professionally.
• Ability to manage multiple priorities in a fast-paced environment.
• Proficiency with Microsoft Office and lending-related software.
• Experience with Finastra Mortgagebot is preferred.

Responsibilities

• Review, analyze, and underwrite residential mortgage and consumer loan applications to ensure credit quality and regulatory compliance.
• Evaluate borrowers' financial strength and repayment capacity by analyzing income, assets, liabilities, credit history, DTI, LTV, and other factors.
• Conduct cash-flow analysis and review financial information for small-business borrowers.
• Apply Fannie Mae, Freddie Mac, and mortgage insurance guidelines for loans.
• Determine loan eligibility and document approval conditions.
• Make approval/denial/adverse-action decisions within lending authority.
• Identify alternative loan structures to help applications qualify.
• Communicate underwriting decisions and outstanding requirements to stakeholders.
• Contact applicants to explain denied loan requests professionally and clearly.
• Maintain accuracy and compliance in the origination process using the LOS.
• Partner with mortgage loan originators and personal banking staff to ensure efficient processing.
• Maintain knowledge of lending laws and Bank products; identify opportunities to cross-sell.
• Participate in educational opportunities and professional organizations to expand knowledge.
• Comply with Bank policies and federal regulations including BSA/AML and OFAC.
• Serve as a project leader for special assignments and duties.

Skills

Analytical skills

Credit analysis

Financial statement analysis

Cash-flow analysis

Communication skills

Interpersonal skills

Multi-tasking

Microsoft Office

Education

Bachelor's degree in finance, accounting, or related field

Tools

Finastra Mortgagebot

Microsoft Office

Job description

Mauch Chunk Trust Company seeks an experienced Residential Mortgage & Consumer Loan Underwriter to evaluate and decide on mortgage and consumer loan applications. This role analyzes income, assets, liabilities, credit history, and property values to ensure credit quality and regulatory compliance.

The successful candidate will apply Fannie Mae, Freddie Mac, and mortgage insurance guidelines, determine eligibility, and communicate decisions clearly to originators and customers.