Job Description

POSITION SUMMARY

The Residential Underwriter I prepares credit analyses and underwrites Residential Mortgage loans, as outlined below.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Review Tax Returns and other financial documents in order to pre-screen the viability of the credit requests
• Prepare credit underwriting reports which include the following: identify and mitigate risk, identify sources of repayment, sensitivity analysis
• Pull credit reports, OFAC and background checks to evaluate and examine credit references for consistency with information provided
• Analyzes borrower’s income and/or business operations, financial condition to determine borrower’s ability to repay loan
• Requests specific information and discusses or resolves issues pertaining to borrower’s financial condition and credit risk
• Confers with Operations Manager in order to resolve problems with application or missing information
• Performs credit underwriting, assess credit risk, complies with the Bank’s Credit Policy and issues recommendations about credit proposals to be reviewed by the Operations Manager
• Participates in special projects related to the bank’s Residential loan portfolio
• Full knowledge and understanding of bank policies, procedures, regulatory and compliance requirements, including but not limited to BSA/AML, CDD, EDD, and others as defined by the Compliance Division and Information Security Division
• Attend and/or complete all required training as assigned
• Ensure compliance with all applicable laws, regulations and policies

ADDITIONAL DUTIES AND RESPONSIBILITIES

• Assist colleagues with projects or tasks when needed
• Communicate effectively with other Departments
• Perform other related duties as required to accomplish the objectives of the position

EDUCATION AND/OR EXPERIENCE

Bachelor's degree (B.A) from qualified college or university or seven years related experience and/or training; or equivalent combination of education and experience.

OTHER SKILLS/QUALIFICATIONS

• Ability to effectively present information and respond to questions
• Excellent ability to communicate in English, verbally and in writing; Portuguese and Spanish highly recommended, and in some departments required
• Excellent proficiency in various computer software and banking applications
• In depth knowledge of all bank policies, procedures and compliance requirements
• Knowledge of accounting and financial analyses
• Must be able to handle large volumes of work, to prioritize and work under time constaints
• Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
• Ability to ensure confidentiality, security and safekeeping of bank and customer information
• Strong analytical and organizational skills with attention to detail and accuracy
• Displays original thinking and creativity; self-starter; generates suggestions for improving work.
• Treats others with respect and consideration regardless of their status or position.
• Is consistently at work and on time; Ensures work responsibilities are covered when absent
• Takes responsibility for own actions; Commits to long hours of work when necessary to reach goals; ability to multitask
• Must be accustomed to professional, business office environment in manner and dress.
• Must demonstrate excellent human relations skills with customers and bank associates.
• Must be willing to participate as a team member and eager to tackle new assignments.

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