Underwriter

Job Description

Job Description

Since 1999, Premium Mortgage Corporation has been providing residential mortgages across New York State and beyond, offering competitive interest rates and a wide variety of loan programs to fit the needs of homebuyers. Headquartered in Rochester, NY we have offices throughout New York and Florida, and are licensed in AL, CT, FL, MA, NE, NJ, NY, OH, PA, SC, TN, TX, and VT. As a mortgage lender, our number one goal is for every customer to feel comfortable, informed, and well taken care of. After all, a mortgage isn’t just a transaction to us. It's a partnership for life.

We accomplish this level of customer satisfaction by employing top tier talent—all of whom take part in our employee engagement program called the Premium Experience.  This program allows our team members to live out our core values, while supporting them with opportunities for professional and personal growth. With hundreds of team members living out the Premium Experience every day, they are the driving force in making Premium Mortgage Corporation a leading lender in the communities we serve.

All positions with Premium Mortgage operate on a Hybrid work schedule unless an exception has been granted by Upper Management.

This posting is an evergreen posting. While the posting is open for applications, we may not be actively filling this roll.

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. 

The Underwriter will be responsible for completing the following 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

This job description reflects management’s assignment of essential functions; and nothing in this herein restricts management’s right to assign or reassign duties and responsibilities to this job at any time.

The following qualification are required of the Underwriter.

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:

• Customer service
• Time management
• Written communication
• Verbal communication
• Team player
• Able to multi-task
• Detail orientated
• Organizational
• Problem solving
• Independent Judgement

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

• Computer
• Phone
• Printer/copier/fax machine
• 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

This is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed as assigned.

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.