Underwriter

Genesee Regional Bank; City of Rochester (NY); On-site; USD 80,093 - 89,920; Full time

Job summary

Genesee Regional Bank is seeking an experienced Mortgage Underwriter to evaluate residential mortgage loans for sale in the secondary market and for the bank's portfolio. The role includes underwriting conventional, FHA/USDA/VA, and construction loans, with an emphasis on timely, accurate decisions and compliance.

Ideal candidates possess a Bachelor’s degree in business and at least five years in underwriting or credit analysis, with strong knowledge of secondary market guidelines and investor

Qualifications

• Bachelor’s degree with minimum 5 years’ underwriting mortgage loans and retail lending credit analysis.

Responsibilities

• Underwrite Conventional mortgage loans per secondary market guidelines.
• Underwrite residential portfolio loans.
• Underwrite home equity loans/lines with timely approvals.
• Underwrite FHA, USDA, VA and construction loans after transition period.
• Maintain knowledge base of underwriting requirements of investors.
• Build relationships with loan originators, sales staff and processors.
• Update lending policies and procedures as needed.
• Maintain accurate Credit and Legal Documentation Files.
• Ensure compliance with residential lending laws and bank policies.
• Prepare and issue commitment letters for Loan Officers.
• Demonstrate GRB Experience behaviors.

Skills

Underwriting mortgage loans

FHA/USDA/VA underwriting

Secondary market knowledge

Client experience

Teamwork & collaboration

PC literacy

Education

Bachelor’s degree in business or related field

CHUMS# required (may be obtained after training)

SAR ID# and SONYMA experience preferred

FHA regulations & underwriting guidelines knowledge

Secondary market experience

Fannie Mae DU / Freddie Mac LP / GUS knowledge

Job description

Primary Responsibility

Underwrite residential mortgage loans for sale in the secondary market, as well as portfolio mortgages, home equity loans/lines.

Salary Range:

$38.46 - $43.25/ hr.

Primary Responsibility

Underwrite residential mortgage loans for sale in the secondary market, as well as portfolio mortgages, home equity loans/lines.

Essential Functions

• Underwrite Conventional mortgage loans pursuant to secondary market guidelines.
• Underwrite residential portfolio loans.
• Underwrite home equity loans and lines, providing approvals within stipulated time frames.
• Underwrite FHA, USDA, VA and residential construction loans (after satisfactory transition period)
• Develop and maintain expert knowledge base related to underwriting requirements of correspondent lending partners (investors).
• Develop and maintain good working relationships with bank loan originators, sales staff and processors.
• Update retail lending policies and operating procedures when necessary.
• Assure proper maintenance of information in Credit and Legal Documentation Files.
• Ensure the bank is meeting compliance requirements for the residential lending business.
• Maintain strong knowledge base on Bank Policies, Laws and Regulations that govern residential mortgage lending.
• Prepare and issue commitment letters and provide to Loan Officers.
• Active participation in demonstrating the behaviors outlined in the GRB Experience.

Education And Experience

Bachelor’s degree, preferably in a business-related discipline plus a minimum of 5 years’ experience underwriting mortgage loans and retail lending credit analysis, or the equivalent combination of education and experience.

• Active CHUMS # required (may be obtained after satisfactory training/ transition period)
• SAR ID# and SONYMA experience preferred.
• Expert knowledge with FHA regulations and underwriting guidelines.
• Knowledge and experience in the secondary market arena.
• Knowledge of Fannie Mae DU, Freddie Mac LP, and GUS.

Competencies

• Provide a remarkable client experience. Greet clients with warmth, genuine interest and a smile.
• Lead by example. Identify current or potential problems, take ownership and see them through to resolution.
• Act as a unified team. Possess strong interpersonal skills including the ability to proactively communicate with and help others, within and across departments.
• Ability to work independently. Seek and incorporate feedback on your performance from management, coworkers and clients.
• Ability to work in a fast-paced, deadline driven environment.
• Demonstrated PC literacy.

Physical Demands

While performing the duties of this job, the employee is regularly required to use hands or fingers, handle, or feel and reach with hands and arms. The employee frequently is required to stand, sit, and talk or hear. Specific vision abilities required by this job include close vision, distance vision, and ability to adjust focus.

Work Environment

The work environment is indoor and climate-controlled office setting.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Genesee Regional Bank is an equal opportunity organization

We recruit, employ, train, compensate, and promote without regard to race, religion, color, national origin, age, sex, disability, veteran status, or any other basis protected by applicable federal, state or local law.

THIS JOB DESCRIPTION IS SUBJECT TO CHANGE AT ANY TIME.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.