Full-Time Underwriter

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Residential Underwriter Residential Full-Time Exempt Miami, FL, US

The Residential Underwriter is responsible for evaluating, analyzing, and assessing consumer mortgage loan applications to determine creditworthiness and approve loans in accordance with Banesco USA’s residential lending guidelines. Operating in a manual underwriting environment, this newly created role requires a "complex solutions solver" who can think outside the box to structure residential portfolio loans. The Underwriter plays a critical role in supporting the Residential Lending Credit unit and the Sales team, rendering sound credit decisions, conducting thorough appraisal reviews, and proactively managing internal stakeholder relationships to ensure a smooth, compliant, and efficient lending process.

Review and manually analyze complete residential credit packages, including borrower credit profiles, income documentation, complex personal/business tax returns, and asset statements to evaluate the willingness and ability to repay.

Perform comprehensive reviews of property appraisals and act as a subject matter expert for appraisal evaluations, collateral risk, and complex property scenarios.

Manually underwrite and approve residential portfolio loans including domestic, foreign national, and niche products without reliance on automated underwriting systems (AUS).

Utilize the Encompass Loan Origination System (LOS) to confidently navigate loan files, apply underwriting guidelines, and structure wholesale and retail lending scenarios.

Render sound credit decisions (approval, counteroffer, suspension, or denial) and clearly document underwriting conditions and approvals within regulatory timelines.

Maintain open lines of communication with the sales team to educate them on credit guidelines and help pipeline momentum.

Responsible for completing annual training program assigned.

Education: High School Diploma or equivalent experience required. (Bachelor’s degree in Finance, Business, or related field is a plus).

Experience: Minimum of two (2) years of direct experience in residential mortgage underwriting.

Strong working knowledge of wholesale lending platforms, pipelines, and residential credit guidelines.

Advanced computer skills including but not limited to proficiency in Encompass Loan Origination System (LOS) and Microsoft Office (Word, Excel, etc.).

Must be bilingual in both English and Spanish. Ability to fluently speak, understand, read and write both languages.

Strong attention to detail, accuracy, and analytical skills to serve as a complex problem solver.

Ability to understand and comprehend instructions, procedures and policies ensuring compliance with the Bank’s policies and procedures.

Banesco USA is part of Banesco International, a worldwide group of financial institutions with a presence in 15 countries. As a corporation in continuous evolution, we promote the ongoing professional and personal development of our employees, by embracing challenges and adapting to the changing environment of today’s world. Our actions are rooted in our Values: Reliability, Responsibility, Quality, and Innovation. At Banesco USA, one of our most valued assets is our enthusiastic team, which strives every day to create a world-class organization in an ever-changing world.