Loan Underwriter

Title Loan Underwriter Reports To Assistant Vice President of Lending - Underwriting Location Corporate/Hybrid Date Posted October 21, 2026 Job Description Analyze and evaluate 1-4 family residential mortgage loans, as well as the supporting documentation to assess a borrower’s creditworthiness, willingness and ability to repay while ensuring compliance with Federal, company and secondary market compliance and guidelines. Responsibilities / Essential Functions Perform mortgage credit analysis, with or without the assistance of an automated underwriting system to determine borrower’s willingness and ability to repay the mortgage debt. Review application packages to ensure loans meet company standards for sale to investors Examine overall loan documentation to ensure accuracy and completeness. Run, review and interpret automated underwriting system (AUS) findings, when applicable. Review and specify loan conditions as necessary. Recommend approval, denial or counteroffer of credit applications and provide written and verbal decision documentation to support the lending decision. Communicate with processing and loan originators to provide updates, clarification on outstanding conditions and deficiencies identified on loans, and assist in interpreting underwriting guidelines. Manage team and individual pipelines on a daily basis by completing new underwriting reviews, condition reviews, and other underwriting tasks within established turn times. Ensure AUS, 1003 and 1008 align and match underwriting conditions. Assist in providing training for, and mentoring of, newly hired team members. Maintain confidentiality of all loan application information. Keep abreast of regulatory changes that affect the underwriting process. Assist Management with audit and examination responses. Complete all assigned compliance training in a timely manner. Participate in ongoing training programs as required. Assist with the preparation of lending reports. Assist in critiquing of loan policies during the annual review process. Attend and participate in loan committee meetings. Compliance with all government regulations including the Bank Secrecy Act and related regulations. Desired Characteristics Current DE and LAPP/ SAR certifications Experience underwriting conventional, VA, FHA and USDA loans. Experience underwriting Construction and Renovation loans Competencies Knowledge of Secondary Market documentation and general guidelines and standards.Ability to evaluate and analyze complex income tax returns to establish qualifying income. Strong decision making, analytical and investigative abilities with attention to detail and accuracy. Good working knowledge of the mortgage loan process; from application to closing. Good analytical, organizational and communication skills. Computer skills include word processing and spreadsheets. Ethical Practice – Being in accordance with the rules or standards for right conduct or practice; following processes, procedures, policies, laws and regulations that govern the Bank; moral uprightness; honesty. Integrity – Behavioral: Doing the right thing; acknowledge mistakes and demonstrate accountability for actions; Job based: Ensuring accurate data throughout the organization. Delivering messages: Ability to deliver clear and accurate messages across a variety of mediums to audiences of all sizes and backgrounds. Ensures that the delivered message is clear and understood by the listener. Required Education and Experience Degree in business, banking, finance or a related field. Minimum of two (2) years of underwriting experience; four (4) years without a degree. Knowledge of state and federal regulations is required as well as a solid understanding of:ECOA, FHAct, FCRA, FACTA, HMDA, HPA, RESPA, Servicemembers Civil Relief Act and Regulation Z. Experience with automated underwriting systems. Proficient in Microsoft Office Suite (Word, Excel, Outlook) and the ability to learn and use job specific applications. Position Type This is a full-time position. Business hours of operation and scheduled workday may include Saturday. Must be willing to adjust work hours based on loan volume, including working overtime as needed. As requiredPhysical Demands:The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. The employee must occasionally lift or move office products and supplies up to 20 pounds. Other Duties:Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.AAP/EEO Statement:First Federal Savings of Lorain is an Equal Opportunity Employer Disabled/Vet #J-18808-Ljbffr FIRST FEDERAL SAVINGS OF LORAIN