Underwriter

Premium Mortgage Corporation; City of Albany (NY); On-site; USD 75,000 - 90,000; Full time

Job summary

Premium Mortgage Corporation in Albany, NY, is seeking a Full-Time Underwriter to evaluate loan risks and make decisions based on existing guidelines. Responsibilities include reviewing files, providing feedback on loan quality, and mentoring staff. Candidates should have a college degree and relevant experience in the mortgage industry. Skills in time management, problem-solving, and detail orientation are essential. The salary ranges between $75,000 and $90,000 annually, with additional compensation components based on skills and experience.

Qualifications

• Requires previous experience in the mortgage industry with understanding of underwriting.

Responsibilities

• Evaluate risk and make loan decisions based on existing underwriting guidelines.
• Review conditions on files and complete underwriting within posted turn times.
• Provide feedback on loan quality and mentor processing staff.

Skills

Time management

Verbal communication

Team player

Able to multi-task

Detail oriented

Organizational

Problem solving

Education

College degree with two years related experience or training

Tools

Computer

Excel

Word processing programs

Encompass software

Job description

Full Time Professional Albany, Latham, NY, US

Salary Range: $72,000.00 To $90,000.00 Annually

30+ days ago Requisition ID: 1043

The Underwriter is responsible for evaluating risk and making loan decisions based on existing underwriting guidelines and information and documentation provided in the loan file.

Job Duties

• Reviews conditions on files within posted turn times
• Completes underwrite on files submitted to underwriting for approval within posted turn times
• Provides feedback on loan quality to the Underwriting Manager
• Mentors and develops processing staff and loan officers
• Maintains a unified voice with fellow underwriters on underwriting guidance
• Escalates files issues not covered in our guidelines to Underwriting Manager for guidance
• Communicates decisions to all internal parties
• Works jointly with co-workers to respond to concerns of quality on files, such as QC, PETR, NOR or audit/clarification requests from different managers or departments
• Stays up to date on changing rules and regulations pertaining to conventional and government‑insured mortgages
• Meets the required KPI standards for the position (6 units per day based on weighted scale)
• Training as needed

Qualifications

Education

• A college degree with two years related experience and/or training. A combination of equivalent education and experience is acceptable.

Experience:

• Previous experience in the mortgage industry with understanding of underwriting

Skills

• Time management
• Verbal communication
• Team player
• Able to multi‑task
• Detail oriented
• Organizational
• Problem solving

The following equipment is used daily by the Underwriter and provided by Premium Mortgage.

• Computer
• Phone
• Excel and word programs
• Encompass software

The Underwriter is primarily in an office setting and may be exposed to outdoor conditions.

The working conditions are classified as sedentary work:

• Sedentary work – Exerting up to 10 pounds of force occasionally, and/or a negligible amount of force frequently or constantly to lift, carry, push, pull or otherwise move objects, including the human body. Sedentary work involves sitting most of the time.

The following is a description of the physical requirements on a daily basis for the Underwriter. While performing the duties of the job the employee is regularly expected to:

• Stand
• Sit
• Hear
• Walk
• Talk
• Stoop or kneel
• Repetitive motion

Premium Mortgage Corporation provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression or any other characteristic protected by federal, state, or local laws.

The starting base salary range for this position is $75,000 - $90,000, yearly. This is the range of the base pay only, it does not include other components that make up the total compensation package of the position. If offered a position, your total compensation package will be determined by experience, location, skills and/or education which may result in a total compensation package that falls outside the provided range.