Senior Underwriter

Page Mechanical Group, Inc.; Northern (KY); Hybrid; USD 68,000 - 73,000; Full time

Benefits offered by this job

Paid Time Off (PTO)

Floating Holiday

Paid Parental Leave

Medical

Dental

Vision

Life & Disability

FSA/HSA

Fidelity 401(k) with employer match

Job summary

Page Mechanical Group, Inc. is seeking an experienced Underwriter to evaluate complex loan applications, analyze borrower credit, and determine risk.

The role partners with mortgage originators, processors and closers to qualify loans and clear closings while ensuring adherence to underwriting guidelines. The candidate will provide clear explanations of underwriting actions, support senior guidance, and maintain thorough decision records for investor requirements.

Qualifications

• Bachelor's degree in Business, Finance or related field (or equivalent combination of years of experience with High School diploma/GED)
• 5+ years' experience in mortgage loan underwriting
• 5+ years' experience in customer service
• Experience underwriting complex mortgage, residential investment or property financing loan transactions
• Demonstrated ability to evaluate credit risk, collateral risk, borrower financial strength and compensating factors
• Extensive knowledge of generally acceptable underwriting and lending practices
• Strong skills in MS Word, Excel and PowerPoint

Responsibilities

• Evaluate and analyze complex loan applications and financial documents to determine borrower creditworthiness.
• Assess property values, collateral characteristics and risk factors in accordance with underwriting guidelines.
• Ensure all mortgages are investment quality acceptable for sale to the Company's secondary market conduits.
• Make informed decisions on loan approvals, conditions, escalations or denials based on thorough analysis.
• Identify and describe compensating factors when communicating loan exception requests when warranted.
• Produce detailed Credit Memorandums addressed to the Loan Approval and Credit Committee.
• Partner with mortgage originators and processors to decision mortgage applications, including complex or escalated scenarios.
• Partner with the processors and closers to clear closing conditions and resolve complex underwriting matters.
• Resolve various inquiries through clear and detailed explanations and sound underwriting rationale.
• Serve as a liaison between sales and operations management team and as a senior resource for underwriting guidance.
• Perform other duties and responsibilities as assigned.

Skills

Credit analysis

Collateral risk

Underwriting guidelines

MS Office

Communication

Team collaboration

Time management

Education

Bachelor's degree in Business/Finance

Tools

MS Word

Excel

PowerPoint

Job description

Position Overview

Reporting to the Underwriting Manager, this position is responsible for evaluating, analyzing and decisioning the acceptability of risk on complex loan transactions through detailed analysis of a borrower's credit, financial profile, track record and collateral characteristics. This role will ensure credit recommendations and property financing loan approvals conform to the established and defined underwriting guidelines and investor purchasing requirements. This position is a liaison between sales and operations and partners with mortgage originators, processors and closers to qualify mortgage loans, clear closings and support resolution of complex underwriting scenarios.

Additionally, this role will partner with borrowers and stakeholders to identify financing solutions for residential investment projects. This position is responsible for maintaining thorough records of decisions and communications, while providing clear explanations of underwriting actions to stakeholders and serving as a senior resource to support consistent application of underwriting standards.

Core Functions and Responsibilities

• Evaluate and analyze complex loan applications and financial documents to determine borrower creditworthiness.
• Assess property values, collateral characteristics and risk factors in accordance with underwriting guidelines.
• Ensure all mortgages are investment quality acceptable for sale to the Company's secondary market conduits.
• Make informed decisions on loan approvals, conditions, escalations or denials based on thorough analysis.
• Identify and describe compensating factors when communicating loan exception requests when warranted.
• Produce detailed Credit Memorandums addressed to the Loan Approval and Credit Committee.
• Partner with the mortgage originators and processors to decision mortgage applications, including complex or escalated scenarios.
• Partner with the processors and closers to clear closing conditions and resolve complex underwriting matters.
• Resolve various inquiries through clear and detailed explanations and sound underwriting rationale.
• Serve as a liaison between sales and operations management team and as a senior resource for underwriting guidance.
• Perform other duties and responsibilities as assigned.

Qualifications

• Bachelor's degree in Business, Finance or related field (or equivalent combination of years of experience with High School diploma/GED)
• 5+ years' experience in mortgage loan underwriting
• 5+ years' experience in customer service
• Experience underwriting complex mortgage, residential investment or property financing loan transactions
• Demonstrated ability to evaluate credit risk, collateral risk, borrower financial strength and compensating factors
• Extensive knowledge of generally acceptable underwriting and lending practices
• Strong skills in MS Word, Excel and PowerPoint

Skills & Abilities

• Ability to exercise sound independent judgement within established guidelines and risk parameters
• Strong ability to communicate underwriting decisions clearly, professionally and with supporting rationale
• Ability to support and guide peers through complex underwriting questions and scenarios
• Strong interpersonal skills with the ability to develop and maintain effective relationships across the organization
• Collaborative and consultative work style; high team-orientation
• Open to change; agile; high learning agility
• Strong problem-solving abilities coupled with sound judgement
• Ability to analyze and interpret data to identify opportunities and propose solutions
• Strong project management skills
• Strong attention to detail; strong compliance orientation; high quality of work product
• Ability to effectively prioritize under tight deadlines in a fast-paced, dynamic environment; effective time management
• Self-directed; ability to proactively ask questions and surface issues/concerns
• Professional maturity, integrity, ability to maintain confidential data and information
• Strong business acumen; strong fiscal and technical aptitude

Compensation

Hiring Range: $49.00-$53.00 per hour

Compensation within this range may vary based on each candidate's job-related expertise, skills, and experience. Final offers are determined individually, reflecting the unique qualifications of each candidate.

Benefits Include

• Paid Time Off (PTO)
• Floating Holiday
• Paid Parental Leave
• Medical
• Dental
• Vision
• Life & Disability
• FSA/HSA
• Fidelity 401(k) with employer match

Location: Remote