Consumer Loan & Residential Mortgage Underwriter

Seneca Falls, NY

About the Role

Underwrites and credit decisions the bank’s consumer loans, purchase loans, and home equity loans & lines of credit products. Maintains a sound portfolio risk profile by employing bank, regulatory and credit policy underwriting practices. Act as a backup Residential Mortgage Underwriter.

Major Duties and Responsibilities:

Reviews direct consumer loans, purchase loans and home equity loans & lines of credit applications packages for completeness and adherence to bank requirements prior to underwriting.
Underwrites and credit decision requests according to bank established criteria rendering a credit decision, as well as all regulatory, third part agency/investor and bank requirements. Communicates the credit decision to applicable bank personnel or agency/investor personnel. Ensures proper approval level is obtained.
Maintains complete compliance for governing regulatory requirements such as; Fair Lending, Regulation Z, TRID, Reg B and other applicable disclosures and requirements. Also, responsible for compliance with regulations including, but not limited to, Anti-Money Laundering, U.S. PATRIOT Act, Bank Secrecy Act, OFAC, Fraud Protection, Security Procedures, and Privacy/Confidentiality requirements.
Assist in addressing findings from internal compliance, audit and outside audit and regulatory parties.
As assigned, manages and reconciles assigned general ledger accounts, prepares and provide management reports.
For approvals, declinations, withdrawals and counter offers, ensures applicable data is entered into systems for tracking and regulatory purposes. Prepares applicable Regulation B letters, declination letters and/ or counter offer letters and returns to processor for handling when applicable.
Handles other credit requests, such as, student loans.
As needed, underwrites and credit decisions residential mortgages applications.
Other tasks as assigned.

Requirements:

Educational Requirements: Two year degree in a related field; or equivalent work experience.
Experience Required: A minimum of two years of consumer loan underwriting experience with credit authority.

Qualifications:

Proficient PC skills including, Microsoft suite and the ability to learn other bank systems and software applications.
Must possess leadership capabilities and a willingness to accept responsibility.
Strong ability to interpret and extract pertinent insights from submitted applications and documentation.
Excellent interpersonal, customer service, written and oral communication skills. Possess the ability to communicate professionally with all levels of employees, staff, management, vendors and customers/prospects.
Detail-oriented and efficient, with strong organizational and time management skills, ability to multi-task and manage deadlines
Contribute to building a positive company spirit, display passion and optimism, inspire respect and trust, and uphold the company values.
Ability to maintain confidentiality at all times.

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