Underwriting Assistant II

The Cape Cod Five Cents Savings Bank; Barnstable Village (MA); On-site; USD 55,000 - 75,000; Full time

Job summary

The Cape Cod Five Cents Savings Bank is seeking an Underwriting Assistant II to coordinate timely residential mortgage loan processing and ensure documentation readiness for underwriter review. You will liaise between the MLO, customer, and underwriter to meet expectations and prepare applications for underwriting.

Education requires an Associates degree or equivalent lending experience; a year of mortgage processing or NMLS exposure is preferred, with strong Microsoft Office skills and ability

Qualifications

• Associates degree, or equivalent experience in lending or financial services with lending exposure.
• Minimum of one year of mortgage processing, loan operations, loan origination experience, or NMLS registration.
• Knowledge of automated income/asset verification services and automated underwriting services preferred
• Knowledge of mortgage origination process and ability to communicate same to applicants
• Knowledge of mortgage origination systems
• Strong time management and organizational skills
• Ability to communicate in an effective and efficient manner both verbally and written
• Proficiency with Microsoft Office Suite (Word, Excel, and PowerPoint) products is required
• Tech savvy with ability to learn various web based systems

Responsibilities

• Works independently to coordinate the timely processing of residential mortgage loan applications and ensures critical deadlines are met
• Responsible for processing a variety of loan products levels.
• Orders automated income/asset verification and automated underwriting services
• Analyses necessary disclosures for compliance and reviews support documentation via appropriate checklists
• Orders mortgage services through third party vendors
• Obtains missing documentation and completes the preliminary loan preparation for the Underwriter's review
• Responds to internal and external customers or vendor inquiries, within scope of authority and expertise via telephone and electronic communication
• Stays current on new developments within the residential lending field and attends relevant courses and seminars

Skills

Mortgage processing

Loan operations

Loan origination

NMLS registration

Time management

Microsoft Office

Verbal & written communication

Education

Associates degree

Job description

Salary Grade: 14

SUMMARY:

The Underwriting Assistant II performs a variety of loan processing duties to ensure loans are compliant and meet the standards and documentation required for delivery into the Bank's portfolio or appropriate secondary market investors. The Underwriting Assistant II coordinates communication between the MLO, customer and Underwriter to ensure the mortgage application process meets all expectations while preparing the application to be underwritten.

ESSENTIAL JOB FUNCTIONS & RESPONSIBILITIES:

1. Works independently to coordinate the timely processing of residential mortgage loan applications and ensures critical deadlines are met
2. Responsible for processing a variety of loan products levels.
3. Orders automated income/asset verification and automated underwriting services
4. Analyses necessary disclosures for compliance and reviews support documentation via appropriate checklists
5. Orders mortgage services through third party vendors
6. Obtains missing documentation and completes the preliminary loan preparation for the Underwriter's review
7. Responds to internal and external customers or vendor inquiries, within scope of authority and expertise via telephone and electronic communication
8. Stays current on new developments within the residential lending field and attends relevant courses and seminars

EDUCATION & CERTIFICATIONS:

• Associates degree, or equivalent experience in lending or financial services with lending exposure.

KNOWLEDGE, SKILLS & ABILITIES:

• Minimum of one year of mortgage processing, loan operations, loan origination experience, or National Mortgage Licensing System (NMLS) registration.
• Proven track record of preparing accurate Initial Disclosure Packages preferred
• Knowledge of automated income/asset verification services and automated underwriting services preferred
• Knowledge of mortgage origination process and ability to communicate same to applicants
• Knowledge of mortgage origination systems
• Strong time management and organizational skills
• Ability to work in a team environment under deadline pressure
• Ability to communicate in an effective and efficient manner both verbally and written
• Proficiency with Microsoft Office Suite (Word, Excel, and PowerPoint) products is required
• Tech savvy with ability to learn various web based systems

COMPETENCIES:

• Must have cyber security awareness to protect the digital environment, the Bank, and customers.
• Functional/Technical Skills
• Learning on the Fly
• Organizing
• Problem Solving
• Self-Development
• Time Management
• Approachability
• Customer Focus
• Ethics and Values
• Humor
• Integrity and Trust
• Peer Relationships
• Written Communications

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.