Mortgage Underwriter II (Remote with onsite requirements)

About the role

Newtown Savings Bank is seeking an experienced, motivated Underwriter to join our Loan Origination team as a Mortgage Underwriter II. The Underwriter II position offers remote, flexible, full-time employment options.

Responsibilities

• Complete underwriting of a daily list of loans generated by the Mortgage Underwriting Manager, meeting investor expiration dates and adhering to all compliance and investor regulations.
• Place an emphasis on the bank's interest while balancing the needs and expectations of our customers, as we are a local community bank.
• Calculate debt to income ratios based on the client's credit and income analysis, document sufficient assets for closing, and review the appraisal to verify all secondary market guidelines are met.
• Export data from the origination system into FNMA's Desktop Underwriter, Freddie's Loan Prospector or other Investor's automated underwriting system; if applicable.
• Ensure all data integrity on the 1003/1008 and automated system is accurate.
• Review the automated findings report and verify all approval conditions and/or products guidelines of the investor are satisfied.
• Review underwriting conditions and clear in the Loan Operating System.
• Communicate the final approval to the processor in a timely manner.
• Request additional approvals for mortgage insurance loans.
• Make decisions on loans within the appropriate approval level, or review completed loans and make decision recommendations for management approval(s).
• (Borrower’s total exposure over $500,000.)
• Adhere to state and federal laws governing real estate lending transactions.
• Present recommendations and solutions to management on all loan files that are Ineligible or do not meet Secondary Market guidelines.
• Prepare counter offers and adverse actions on all mortgage and home equity files as needed.
• Underwrite simultaneous home equity product, if applicable.
• Perform other duties as necessary.
• Promote the Bank and its services.
• Provide prompt and courteous service to all external and internal customers.

Requirements

• Minimum five years underwriting mortgages experience.
• Understanding of mortgage underwriting guidelines, Secondary Market, and mortgage underwriting analysis.
• FHA/Direct Endorsed Underwriter is preferred.
• Experience encompassing government loans (CHFA, VA) a plus.
• Proficient with LP, DU/DO.
• Detail-oriented.
• Effective written and verbal communication skills.
• Strong analytical skills along with a strong attention to detail.
• Demonstrates a commitment to quality customer service.
• Well organized with the ability to multi-task.
• Strong time management skills with the ability to meet deadlines.
• Ability to adapt to change within working responsibilities, be it internal, market or regulatory driven.

Qualifications

• To perform this job successfully, the individual must be able to perform each essential duty satisfactorily.
• The requirements listed above are representative of the knowledge, skill and/or ability required.
• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Benefits

Full time employees also receive a complete benefit package including a generous 401(k), medical benefits, paid time off, and short- and long-term disability programs.

Pay

Details about pay are not specified in the job posting.

Schedule

The position offers remote, flexible, full-time employment options.