Residential Mortgages Underwriter

Connectone-Bank; Melville (NY); Presencial; USD 85.000 - 120.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Health benefits

401k match

Hybrid work

Team events

EAP

Wellness programs

Tuition reimbursement

Employee discounts

Community service

Descripción de la vacante

ConnectOne Bank is seeking a Residential Mortgages Underwriter in Melville, NY to evaluate and analyze loan files to ensure they meet bank and investor standards for risk and quality. You will review credit reports, income, assets, and regulatory compliance while collaborating with loan officers to gather needed information and resolve discrepancies.

The role requires strong attention to detail, analytical thinking, and the ability to work in a team in a hybrid environment with opportunities for

Formación

• Experience in reviewing loan applications and evaluating borrower creditworthiness.
• Familiarity with Fannie Mae/FHA guidelines and investor requirements.
• Strong analytical skills with ability to assess risk and make lending decisions.

Responsabilidades

• Review and evaluate loan applications and supporting documents to determine creditworthiness.
• Verify income, assets, and employment information; assess borrower repayment capacity.
• Identify risks and ensure adherence to regulatory standards and investor guidelines.
• Collaborate with loan officers and processors to gather needed information and resolve discrepancies.
• Propose approval, denial, or conditions for loan approval with clear rationale.

Conocimientos

People First

Regulatory knowledge

Residential mortgage

Underwriting experience

Team collaboration

Analytical skills

Communication skills

Attention to detail

Microsoft Office

Google Apps

Educación

Bachelor's degree in finance

Finance degree preferred

Herramientas

Excel

Encompass

Descripción del empleo

Description

About us:

ConnectOne Bank proves that putting people first is a better way to do business. At ConnectOne, we’re builders — of businesses, communities, and equity. Most importantly, we’re building opportunities. Our mission is to ensure our employees feel empowered to make important decisions, reach their potential and truly make an impact.

ConnectOne is a growth organization by design; it is part of our DNA and we take pride in seeing our employees grow with us. Founded in 2005 by an entrepreneur, we have grown into a high-performing commercial bank, inspiring a new model for our industry’s future. By embracing technology and all the ways it can help us become a world-class service organization, we support small business owners by fueling their mission.

People First is the blueprint for our culture. It is at the foundation of everything we do and the decisions we make. At ConnectOne, you have the opportunity to be a part of a dynamic culture and team. Develop your forward-thinking skills, thrive in an entrepreneurial setting, and succeed at “a better place to be”.

ConnectOne Bank is an Equal Housing and Equal Opportunity Lender, and a member of the Federal Deposit Insurance Corporation.

About this role:

The Residential Mortgages Underwriter is responsible for evaluating, analyzing, and ensuring that all residential mortgage files received from mortgage loan originators and loan processors meet or exceed bank and industry standards for investment quality and acceptable risk.

In this role you will:

• Support the Bank’s “People First” focus and rules of engagement. Maintain a professional demeanor, work as an active member of the CNOB team, and provide all clients excellent service while always striving to make CNOB “A Better Place to Be”.
• Review and evaluate loan applications: Analyze applications and supporting documentation to determine the applicant's creditworthiness and eligibility for a residential loan.
• Scrutinize financial documents like credit reports, income statements, tax returns, and asset information to verify accuracy and ensure the borrower's capacity to repay the loan.
• Identify and assess potential risks associated with the loan application, including factors related to the borrower's financial history, employment, and the property itself.
• Verify that all loan applications adhere to regulatory standards, internal policies, and investor guidelines, including those set by organizations like Fannie Mae or the FHA.
• Work closely with loan officers, processors, and other team members to gather necessary information, clarify discrepancies, and facilitate the loan approval process.
• Based on the thorough analysis, approve, deny, or recommend conditions for loan approval, effectively communicating the reasons for the decision.

Must haves:

• Strong “People First” interest and ability.
• Knowledge of relevant Federal and State banking regulations.
• Knowledge of CNOB products and Residential and Consumer services preferred.
• Working knowledge of Google applications and products is preferred.
• Familiarity with loan underwriting regulations, including conventional and government loan programs.
• Ability to review and identify issues and make educated recommendations for resolution within their scope of authority.
• Work effectively in a team environment.
• Ability to analyze complex financial information, identify potential risks, and make sound decisions.
• Proactively learn from the expertise of others.
• Confident in making informed lending decisions
• Ability to work extended hours as required.
• Strong time management skills.
• Excellent communication and interpersonal skills.
• Analytical skills to conduct evaluation of documents of varying complexity.
• Attention to detail with ability to prioritize in a high-volume environment.
• Proficiency with Microsoft Office applications is preferred.

Bonus Points For:

• Minimum 5-7 years’ experience as an Underwriter in a financial services or mortgage banking environment preferred.
• Minimum 3 years’ experience in jumbo underwriting to investor guidelines preferred.
• A bachelor’s degree in finance, accounting, business, or a related field is preferred.

Additional information

Benefits:

• World class health, vision, and dental benefits on day one
• 401k with employer match
• Hybrid work from home (depending on role)
• Employee appreciation events (team building, softball games, food truck days, etc..)
• Employee assistance programs (EAP)
• Wellness programs (flu shot, preventive care, health programs and services discounts, etc..)
• Tuition reimbursement
• Employee Discount perks
• CNOB Community Service Events

and much, much more!

Studies have shown that individuals from underrepresented groups, may only apply to roles if they meet 100% of the qualifications. Roles evolve over time, especially with innovation, and you may be just the person we need. We hope you're open to learning new skills and growing with us. We encourage you to apply to continue making us “a better place to be!”

ConnectOne Bank is an equal opportunity employer and does not discriminate with respect to any term, condition or privilege of employment based on race, color, religion, sex, sexual orientation, gender identity or expression, age, disability, military or veteran status, marital status, or status of an individual in any group or class protected by applicable federal, state, or local law.

ConnectOne Bank also provides reasonable accommodations for qualified individuals with disabilities in accordance with the Americans with Disabilities Act and applicable state and local laws. If an accommodation is needed to participate in the job application or interview process, please contact Talent Acquisition.