Senior Residential & Consumer Mortgage Underwriter

First Commerce Bank; New Jersey; On-site; USD 80,000 - 110,000; Full time

Job summary

First Commerce Bank is seeking an experienced Underwriter Residential and Consumer Lending in Lakewood, NJ. This role reviews loan files for adherence to FNMA/FHLMC and bank guidelines, underwriting consumer products including Home Equities and personal loans, with a focus on accuracy and compliance.

The candidate will recommend decisions to the Loan Committee, resolve documentation issues with investors, and ensure timely submission of files to secondary market investors.

Qualifications

• High School Diploma or equivalent required.
• 5–7 years of progressive experience in residential underwriting.
• Knowledge of FNMA/FHLMC underwriting guidelines and Dodd-Frank regulations.
• Ability to learn guidelines for secondary market investors and portfolio loans.

Responsibilities

• Recommend portfolio underwriting decisions to Chief Residential Loan Officer and/or Loan Committees.
• Examine loan documentation for accuracy and completeness.
• Resolve mortgage application issues with investors and vendors.
• Establish and clear approval conditions, review AUS findings, present files to investors and senior management.
• Ensure adherence to compliance, investor and federal regulations (Dodd-Frank) and bank policies.
• Prepare and submit files to secondary market investors if applicable.

Skills

English proficiency

Time management

MS Office

Bank products knowledge

Multitasking

Analytical skills

Origination systems Encompass 360

Education

High School Diploma or equivalent

Residential underwriting 5–7 years

Tools

Encompass 360

Job description

First Commerce Bank is seeking an experienced Underwriter Residential and Consumer Lending in Lakewood, NJ. This role reviews loan files for adherence to FNMA/FHLMC and bank guidelines, underwriting consumer products including Home Equities and personal loans, with a focus on accuracy and compliance.

The candidate will recommend decisions to the Loan Committee, resolve documentation issues with investors, and ensure timely submission of files to secondary market investors.