Mortgage Underwriter I, II, or III
Indiana, PA Indiana, PA Full-time Full-time Estimated:
$38.
7K - $49.
1K a year Estimated:
$38.
7K - $49.
1K a year 13 days ago 13 days ago 13 days ago North Fifth Street - 355 North Fifth Street, Indiana, PA 15701 Plum - 7660 Saltsburg Road, Pittsburgh, PA 15239 West Chester - 2 North Church Street, West Chester PA 19380 Camp Hill Corp - 3314 Market Street, Camp Hill, PA 17011 Independence - 6133 Rockside Road, Suite 103, Independence, OH 44131 Work Days and Expected Hours:
Monday-Friday:
8:
00 AM to 5:
00 PM (Additional hours as necessary to meet the objectives of the department).
Function:
A Retail Mortgage Underwriter is responsible for accurately and efficiently underwriting and proactively managing a pipeline of residential mortgage loans, maintaining routine and thorough communications with internal employees, business partners, as well as timely follow-up and response.
A Retail Mortgage Underwriter underwrites conventional and portfolio loans to ensure compliance with S&T Bank, secondary market investor, regulatory and mortgage insurance guidelines.
An Underwriter must be committed to delivering the highest level of customer service in reviewing loan files and resolving matters which could delay a closing.
All critical and closing dates must be adhered to throughout the mortgage process.
To accomplish this task an Underwriter must consistently communicate with the Mortgage Processor, Mortgage Banker and all other persons involved in the loan transaction.
Duties and
Responsibilities:
Decisions loans within lending authority adhering to bank and investor guidelines and requirements.
Demonstrates a complete understanding and use of Desktop Underwriter for credit decisions on all loans.
Reviews and analyzes DU Findings on all types of loans.
This includes restructuring for possible better findings and applicable pricing.
Acts as primary Underwriter for secondary market and portfolio loans including construction, blanket, self-employed and combo loan applications Maintains knowledge of Portfolio, Investor and private mortgage insurance underwriting guidelines and regulatory requirements.
Communicates with Mortgage Bankers, and occasionally Borrowers, Realtors and Settlement Agents (as necessary) as to the status of a loan.
Reviews assembled loan packages for submission to outside Investors and assure that all documentation is complete and accurate.
Has a thorough knowledge of loan origination system and related vendor services.
Monitors loan packages forwarded to Investors to ensure timely response.
Reviews residential mortgage appraisals for compliance within established guidelines.
Prepare loan proposals and present loans to Chief Credit Officer on loans that exceed residential mortgage lending authority and loans outside of company policies.
Cross-sells other bank products and services.
Maintains a good working relationship with all bank employees.
Demonstrates the ability to work independently.
Works as a team player to contribute to the success of the department and in turn the organization.
Assumes additional duties as required.
Physical Demands 60% of the day is spent operating a keypad device.
5% of the day is spent operating electronic equipment and 5% of the day is spent operating office equipment.
The primary parts of the body involved in performing these tasks are fingers, thumbs, hands, wrists, elbows and upper torso.
This job requires a cycle of body movements which are moderate in speed.
Bending and twisting occurs at a moderate speed.
Standing is required one hour per day.
Sittings is required six hours per day.
Walking is required 30 minutes per day.
Requires the use of manual dexterity skills for typing and data entry up to 40% of the business day.
Specific vision requirements include close vision of 18-20 for computer work.
Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions of the position.
.
Estimated Salary: $20 to $28 per hour based on qualifications.
$38.
7K - $49.
1K a year Estimated:
$38.
7K - $49.
1K a year 13 days ago 13 days ago 13 days ago North Fifth Street - 355 North Fifth Street, Indiana, PA 15701 Plum - 7660 Saltsburg Road, Pittsburgh, PA 15239 West Chester - 2 North Church Street, West Chester PA 19380 Camp Hill Corp - 3314 Market Street, Camp Hill, PA 17011 Independence - 6133 Rockside Road, Suite 103, Independence, OH 44131 Work Days and Expected Hours:
Monday-Friday:
8:
00 AM to 5:
00 PM (Additional hours as necessary to meet the objectives of the department).
Function:
A Retail Mortgage Underwriter is responsible for accurately and efficiently underwriting and proactively managing a pipeline of residential mortgage loans, maintaining routine and thorough communications with internal employees, business partners, as well as timely follow-up and response.
A Retail Mortgage Underwriter underwrites conventional and portfolio loans to ensure compliance with S&T Bank, secondary market investor, regulatory and mortgage insurance guidelines.
An Underwriter must be committed to delivering the highest level of customer service in reviewing loan files and resolving matters which could delay a closing.
All critical and closing dates must be adhered to throughout the mortgage process.
To accomplish this task an Underwriter must consistently communicate with the Mortgage Processor, Mortgage Banker and all other persons involved in the loan transaction.
Duties and
Responsibilities:
Decisions loans within lending authority adhering to bank and investor guidelines and requirements.
Demonstrates a complete understanding and use of Desktop Underwriter for credit decisions on all loans.
Reviews and analyzes DU Findings on all types of loans.
This includes restructuring for possible better findings and applicable pricing.
Acts as primary Underwriter for secondary market and portfolio loans including construction, blanket, self-employed and combo loan applications Maintains knowledge of Portfolio, Investor and private mortgage insurance underwriting guidelines and regulatory requirements.
Communicates with Mortgage Bankers, and occasionally Borrowers, Realtors and Settlement Agents (as necessary) as to the status of a loan.
Reviews assembled loan packages for submission to outside Investors and assure that all documentation is complete and accurate.
Has a thorough knowledge of loan origination system and related vendor services.
Monitors loan packages forwarded to Investors to ensure timely response.
Reviews residential mortgage appraisals for compliance within established guidelines.
Prepare loan proposals and present loans to Chief Credit Officer on loans that exceed residential mortgage lending authority and loans outside of company policies.
Cross-sells other bank products and services.
Maintains a good working relationship with all bank employees.
Demonstrates the ability to work independently.
Works as a team player to contribute to the success of the department and in turn the organization.
Assumes additional duties as required.
Physical Demands 60% of the day is spent operating a keypad device.
5% of the day is spent operating electronic equipment and 5% of the day is spent operating office equipment.
The primary parts of the body involved in performing these tasks are fingers, thumbs, hands, wrists, elbows and upper torso.
This job requires a cycle of body movements which are moderate in speed.
Bending and twisting occurs at a moderate speed.
Standing is required one hour per day.
Sittings is required six hours per day.
Walking is required 30 minutes per day.
Requires the use of manual dexterity skills for typing and data entry up to 40% of the business day.
Specific vision requirements include close vision of 18-20 for computer work.
Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions of the position.
.
Estimated Salary: $20 to $28 per hour based on qualifications.
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