Residential Mortgages Underwriter

Socket.dev; Melville (NY); Hybrid; USD 75,000 - 105,000; Full time

Benefits offered by this job

World class health, vision, and dental

401k with employer match

Hybrid work from home (depending on角色)

Job summary

ConnectOne Bank in Melville, NY is seeking a Residential Mortgages Underwriter to evaluate mortgage files from originators and processors, ensuring they meet standards for investment quality and risk.

You will review applications, verify documents, assess borrower creditworthiness, and collaborate with loan officers to move loans through underwriting while adhering to investor guidelines.

Qualifications

• Bachelor's degree in finance, accounting, business, or related field preferred.
• Experience reviewing mortgage applications and supporting documentation.
• Knowledge of federal and state banking regulations is required.
• Ability to analyze complex financial information and assess risk.

Responsibilities

• Support CNOB's People First focus and provide excellent service to clients.
• Review and evaluate loan applications to determine creditworthiness and eligibility.
• Scrutinize credit reports, income statements, tax returns, and assets for accuracy.
• Identify risks related to borrower history, employment, and property.
• Ensure compliance with regulatory standards and investor guidelines (Fannie Mae/FHA).
• Collaborate with loan officers and processors to gather information and resolve discrepancies.
• Approve, deny, or condition loan approvals with clear, documented reasoning.

Skills

People First

Regulatory knowledge

Credit analysis

Team collaboration

Attention to detail

Analytical thinking

Time management

Communication skills

Education

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

Tools

Google Workspace

Microsoft Office

Job description

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.