Senior Underwriter

Why Work for Quontic? Quontic Bank is a CDFI federally chartered digital community bank. We have a customer-centric culture built around helping our customers and giving back to local communities. We're making homeownership simpler, faster, and most importantly, more accessible for all communities across the United States. Who We are Quontic is the adaptive digital bank that empowers its customers financially while embracing their diverse circumstances. Quontic's mission to break the system for financial empowerment stands in the face of big banks and proves there is a better and more equitable way to put the customer first. We focus on truly understanding and serving the underdogs, entrepreneurs, gig-economy workers, immigrants, and more with a curated banking experience as opposed to a one-size-fits-all banking approach. What We Live By Whatever your role, we are bound by a spirit of collective commitment and excellence in all aspects of our work. As an employee of Quontic, the importance of your contributions cannot be overstated. You are an important part of our team! Your Primary Responsibilities Include: Responsible for leading the evaluation and assessment of complex mortgage loan applications, ensuring alignment with company policies, investor guidelines, and regulatory requirements. Serves as a subject matter expert, providing guidance on risk analysis and underwriting best practices. Job Responsibilities: Thoroughly review and analyze complex loan applications, including borrower creditworthiness, income, assets, and property valuations, applying advanced judgment to mitigate risk. Make high-level underwriting decisions on approvals, counteroffers, or denials based on nuanced risk factors and long-term portfolio impact. Ensure all underwriting activities adhere to company policies, federal and state regulations, and investor requirements, and proactively identify compliance gaps and recommend improvements. Act as a resource for junior underwriters and team members by providing training, guidance, and feedback to enhance underwriting quality and consistency. Communicate effectively with loan officers, processors, and management to resolve complex issues, negotiate conditions, and maintain transparency throughout the loan process. Anticipate and address challenges in the underwriting process by offering innovative solutions that meet business objectives while managing risk. Stay informed on market trends, regulatory changes, and new product developments, and contribute to policy updates and process enhancements. Perform special projects, and additional duties and responsibilities as required. Education and Experience Requirements: Bachelor's degree (or equivalent) in finance, business, or similar; OR associate degree and two (2) years of experience in functional area; OR high school diploma (or equivalent) plus four (4) years of experience in functional area. Additional three (3) years+ of progressive experience in functional area. Additional Job Requirements: Proven skills and experience with mortgage underwriting functions. Advanced understanding of multiple loan products. Proven experience with Microsoft Office 365 and the following technology: Encompass. Willingness to pursue continuing education, certifications, etc. as applicable to advancing in the organization. Analytical and problem-solving skills. Interpersonal and communication skills with the ability to speak confidently. An ability to thrive in a fast-paced environment where priorities change daily, and where employees wear many hats. Detail-oriented with the ability to think "outside the box" and prioritize tasks and decisions in a timely manner. Self-directed, yet effective working as part of a collaborative team. Responsive and customer-focused with a demonstrated use of professional judgment. The above is merely a description. Responsibilities and duties are not limited to the above. Quontic reserves the right to change job descriptions at any time. This role's annual base salary range is $99,000 - $126,000. In addition to a fulfilling career, we offer competitive compensation and a comprehensive benefits package that can fuel your financial milestones & keep you well. Full time employees are eligible for: Health, Dental, Vision, & Life Insurance Financial Wellness Planning & Coaching Counseling Support Services & Resources Paid Parental Leave Pet Insurance 401K Match Employee Bank Accounts with Quontic Generous Paid Time Off