Home Equity Underwriter

Job Description

Job Description

Conducts comprehensive reviews and evaluations of Home Equity loan files to determine creditworthiness, risk exposure, and compliance with federal lending regulations, Real Estate Mortgage Lending policy, and internal underwriting guidelines. Exercises sound judgment in approving, countering, or denying applications, ensuring decisions are well-documented and aligned with organizational risk tolerance and regulatory standards.

Major Duties and Responsibilities

Weight

Description

Essential

50%

Receives and reviews loan files for sufficient documentation to make an informed loan decision based on the product description and standard underwriting guidelines.

20%

Analyzes borrower financials, credit history, and property valuations to ensure qualification and compliance. If there is insufficient information to adequately decision the file requests additional information or documentation from the originator.

15%

Provides effective and timely communication with team members to meet deadlines.

10%

Reviews and assigns new incoming online applications to Loan Officers.

5%

Produces Commitment Letters for approved loans. Submits files recommended for denial to appropriate party for dual review. Produces Adverse Action Notice.

Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

Knowledge and Skills Experience

Three years to five years of similar or related experience, including preparatory experience.

Education/Certifications/Licenses

A high school degree or equivalent. College degree preferred.

Interpersonal Skills

A significant level of trust, credibility and diplomacy is required. In-depth dialogue, conversations and explanations with customers, direct and indirect reports and outside vendors can be of a sensitive and/or highly confidential nature. Communications may involve motivating, influencing, educating and/or advising others on matters of significance. Typically includes subject matter experts as well as first level to middle managers.

Other Skills

COMPETENCIES: Must be at least 18 years of age. Favorable Background, Credit, Criminal, Bondability, and Reference Checks required. (Motor Vehicle check dependent on position.) Travel to other branches or locations may be required depending on position.

ADA Requirements Physical Requirements

Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 10 lbs. Must be capable of climbing / descending stairs in emergency situation. Must be able to operate routine office equipment including telephone, copier, facsimile, and calculator. Must be able to routinely perform work on computer for an average of 6-8 hours per day, when necessary. Must be able to work extended hours whenever required or requested by management. Must be capable of regular, reliable and timely attendance.

Working Conditions

Must be able to routinely perform work indoors in climate-controlled shared work area with minimal noise.

Mental and/or Emotional Requirements

Must be able to perform job functions independently or with limited supervision and work effectively either on own or as part of a team. Must be able to read and carry out various written instructions and follow oral instructions. Must be able to speak clearly and deliver information in a logical and understandable sequence. Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public. Must be able to perform responsibilities with composure under the stress of deadlines / requirements for extreme accuracy and quality and/or fast pace. Must be able to effectively handle multiple, simultaneous, and changing priorities. Must be capable of exercising highest level of discretion on both internal and external confidential matters.