Underwriter

ESSENTIAL DUTIES AND RESPONSIBILITIES
 

• Reviews all loan application documents to ensure completeness, accuracy and compliance to Bank or Secondary Market guidelines. Ensures that required follow up activities are conducted in connection with team member(s).

• Thoroughly reviews and analyzes various applicant documents, e.g. final reports, tax returns, credit reports, etc., to determine loan eligibility. Exercises approval/declination authority within defined organizational and regulatory lending guidelines.

• Works closely with a variety of lending related professionals, e.g. Loan Officers, Borrowers and Mortgage Operations team, to ensure that all phases of lending procedures are completed in accordance with service standards and adherence with pertinent regulations, established lending policies as well as procedures.

• Acts as information source to appropriate personnel, e.g. Loan Officers, Loan Analysts and Closers, etc., in various underwriting and related principles and procedures.

• Determines and implements daily pipeline workflow and priorities.

• Manage to the SFMC’s standards, Borrowers and Loan Officers expectations the mortgage application process with an emphasis on exceeding the standards as set forth by SFMC’s service level standards.

• Maintains an up-to-date knowledge of secondary market underwriting policies and procedures and the Mortgage Company and Bank’s loan products and policies.

• Makes preliminary recommendation for loans exceeding lending authority for presentation to designated individuals with higher lending authority.

• Assists in resolution of post-closing issues as necessary.

• Performs related processing, underwriting and administrative duties as may be assigned or required.

• Responds promptly and professionally to all internal and external communications.

• Provides second signature approvals/declinations on delegated loans.

• Responsible for the integrity of HMDA information.

• Demonstrates compliance with banking business laws and regulations as defined in company policies and procedures pertinent to the position.

• Regular attendance is essential to this position.

• Assumes additional responsibilities as requested.

 SUPERVISORY RESPONSIBILITIES
This job has no supervisory responsibilities.
 
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below 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.
 
Word, Excel and mortgage loan processing software skills required; strong time management and organizational skills required; excellence in customer service and communication skills required; ability to work in a team oriented service driven environment; mortgage lending knowledge DU/LP, DE certification; FNMA/FHA/VA and State Housing and 4-7 years underwriting experience with sign-off authority.
 
EDUCATION and/or EXPERIENCE
Bachelor's degree (B. A.) from four-year college or university; or 4 to 7 years related experience and/or training; or equivalent combination of education and experience.
 
Competencies                                                  
To perform the job successfully, an individual should demonstrate the following competencies:
 
Organizational Support - Follows policies and procedures; completes administrative tasks correctly and on time; supports organization's goals and core values; benefits organization through outside activities; supports affirmative action and respects diversity.
 
Interpersonal Skills – A strong collaborator with customers and co-workers; focuses on responding to customer inquiries; maintains confidentiality; keeps emotions under control; remains open to others' ideas and tries new things.
 
Oral & Written Communication - Speaks clearly and persuasively in positive or negative situations; listens and gets clarification; responds well to questions; demonstrates group presentation skills; participates in meetings; writes clearly and informatively; varies writing style to meet needs; presents numerical data effectively.
 
Teamwork - Balances team and individual responsibilities; exhibits objectivity and openness to others' views; gives and welcomes feedback; contributes to building a positive team spirit; able to build morale and group commitments to goals and objectives.
 
Quality Management - Looks for ways to improve and promote quality; demonstrates accuracy and thoroughness.
 
Business Acumen - Understands basics of the business and related implications of decisions
 
Cost Consciousness - Works within approved budget; conserves organizational resources.
 
Ethics - Treats people with respect; works with integrity and ethics; upholds organizational values.
 
Analytical – Has the ability to organize data, both financial and systemic information, and to make assessments that will be used to optimize systems or financial performance.
 
Problem Solving - Identifies and resolves problems in a timely manner; develops alternative solutions; works well in group problem solving situations; uses reason even when dealing with emotional topics.
 
 
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
 
While performing the duties of this job, the employee is frequently required to sit; use hands to finger, handle, or feel; and talk or hear. The employee is occasionally required to stand, walk, and reach with hands and arms. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision.
 
WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
 
The noise level in the work environment is usually moderate.
 
With a rich history and a strong reputation for growth, service and innovation, Salem Five offers employees a sense of stability and pride. Salem Five also offers a comprehensive salary and benefit package including health insurance and matching 401k plan. Qualified candidates may submit a resume and application online at salemfive.com/careers 

Banks come in all sizes. Tiny, local banks will always know their customers’ names, but lack the resources to offer a full suite of services at competitive rates. In contrast, huge corporations can leverage powerful resources, but lack commitment to community and a personal touch.

Salem Five is just the right size. With over 160 years of service to the greater Boston area, 36 local stores, and assets in excess of $5 billion, we offer a full suite of products and services at the best rates around—and, when you come into your branch, we’ll still know your name and how you take your coffee.

Through our subsidiaries, Salem Five Mortgage Company, LLC and Salem Five Insurance Agency, LLC, we meet the diverse financial needs of individual consumers, small businesses, and middle market companies throughout our region.