Residential Mortgages Underwriter

Description

Connect One Bank proves that putting people first is a better way to do business. At Connect One, we’re builders — of businesses, communities, and equity. Most importantly, we’re building opportunities. Our mission is to ensure our employees feel empowered to make important decisions, reach their potential and truly make an impact.

Connect One is a growth organization by design; it is part of our DNA and we take pride in seeing our employees grow with us. Founded in 2005 by an entrepreneur, we have grown into a high-performing commercial bank, inspiring a new model for our industry’s future. By embracing technology and all the ways it can help us become a world-class service organization, we support small business owners by fueling their mission.

People First is the blueprint for our culture. It is at the foundation of everything we do and the decisions we make. At Connect One, you have the opportunity to be a part of a dynamic culture and team. Develop your forward-thinking skills, thrive in an entrepreneurial setting, and succeed at “a better place to be”.

Connect One Bank is an Equal Housing and Equal Opportunity Lender, and a member of the Federal Deposit Insurance Corporation.

The Residential Mortgages Underwriter is responsible for evaluating, analyzing, and ensuring that all residential mortgage files received from mortgage loan originators and loan processors meet or exceed bank and industry standards for investment quality and acceptable risk.

• Support the Bank’s “People First” focus and rules of engagement. Maintain a professional demeanor, work as an active member of the CNOB team, and provide all clients excellent service while always striving to make CNOB “A Better Place to Be”.
• Review and evaluate loan applications:
  Analyze applications and supporting documentation to determine the applicant's creditworthiness and eligibility for a residential loan.
• Scrutinize financial documents like credit reports, income statements, tax returns, and asset information to verify accuracy and ensure the borrower's capacity to repay the loan.
• Identify and assess potential risks associated with the loan application, including factors related to the borrower's financial history, employment, and the property itself.
• Verify that all loan applications adhere to regulatory standards, internal policies, and investor guidelines, including those set by organizations like Fannie Mae or the FHA.
• Work closely with loan officers, processors, and other team members to gather necessary information, clarify discrepancies, and facilitate the loan approval process.
• Based on the thorough analysis, approve, deny, or recommend conditions for loan approval, effectively communicating the reasons for the decision.

• Strong “People First” interest and ability.
• Knowledge of relevant Federal and State banking regulations.
• Knowledge of CNOB products and Residential and Consumer services preferred.
• Working knowledge of Google applications and products is preferred.
• Familiarity with loan underwriting regulations, including conventional and government loan programs.
• Ability to review and identify issues and make educated recommendations for resolution within their scope of authority.
• Work effectively in a team environment.
• Ability to analyze complex financial information, identify potential risks, and make sound decisions.
• Proactively learn from the expertise of others.
• Confident in making informed lending decisions
• Ability to work extended hours as required.
• Strong time management skills.
• Excellent communication and interpersonal skills.
• Analytical skills to conduct evaluation of documents of varying complexity.
• Attention to detail with ability to prioritize in a high-volume…