Residential Loan Underwriter I

Description

SUMMARY OF POSITION:

Responsible for administering the underwriting and processing of a high volume of retail loans. While not making lending determinations, the incumbent will utilize a basic knowledge of underwriting procedures to perform necessary functions to assist the lending department during the underwriting process. Depending on the loan volume, the incumbent may perform other duties associated with lending department functions in order to facilitate the smooth operations of the department. 

Essential Functions:

• Underwrite residential loan requests according to Bank-established policies and procedures as needed under the direction of the Underwriter and CCO
• Ensure loan documentation is complete, accurate and compliant. (May review documents submitted by the Underwriting Administrator and other staff members.)
• Respond to incomplete and/or inaccurate data submitted with the loan application 
• Maintain current knowledge of underwriting best practices and all appropriate governing Federal consumer regulations related to residential lending
• Participate in the training of Bank employees and retail lending staff as needed
• Act as a brand ambassador, representing the Bank in the community and making appropriate referrals regarding new business
• Provide support to loan officers (payoff requests, account inquiries, etc.) as needed
• Complete special reports, projects, and tasks as assigned by the Underwriter or CCO
• Other duties may be assigned as necessary

Marginal Functions:

• Back-up to staff members within the residential lending department
• Assist with other underwriting department functions as required

Requirements

KNOWLEDGE, SKILL, AND ABILITY REQUIREMENTS:

Education and/or Experience:

Associates or Bachelor’s Degree or equivalent combination of training, education and work history with three to five years in retail banking with two years of experience in residential lending. Must possess a basic knowledge of mortgage and loan products and services and a complete understanding of all appropriate regulatory compliance is also required.

A strong ability to prioritize work load and meet deadlines is essential in this role.

Compliance Knowledge:

Ability to demonstrate general knowledge of the Bank Secrecy Act/USA Patriot Act, Privacy laws and regulations, as well as consumer protection lending laws and regulations; including, but not limited to, Fair Lending laws and regulations (Equal Credit Opportunity Act, Regulation B, Community Reinvestment Act, and Home Mortgage Disclosure Act), Truth-in-Lending Act, Real Estate Settlement Procedures Act, and Flood Disaster Protection Act. 

General knowledge of information security is required. This includes understanding the importance of safekeeping confidential customer information, understanding and acknowledgement of Bank policies in relation to information security, and maintaining safety in the Bank’s network.

Language Skills:

Ability to read and interpret documents such as safety rules, instructions, and procedure manuals. Must handle both positive and negative correspondence effectively and professionally.  

Ability to communicate with employees and customers of the bank and demonstrate strong interpersonal skills; effectively and tactfully interacting with many sources, both internal and external. 

Equipment/Tools Skills:

Ability to use standard office equipment.  

Strong knowledge of various computer programs: Sound Origination system, Microsoft Office (Word/Excel/Outlook) and other Bank approved software, as required. 

Mathematical Skills:

Ability to add, subtract, multiply, and divide using whole numbers, common fractions and decimals. Must have the ability to balance and make mathematical computations with accuracy.

Reasoning Ability:

Ability to solve practical problems and deal with a variety of concrete variables in situations where limited standardization exists.

Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule form.

Strong analytical skills are necessary with an ability to demonstrate a high level of decision making.  

Physical Demands:

While performing the duties of this job, the employee is frequently required to sit, stand, walk, talk, hear and to use hands to finger, handle or touch. 

The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision and the ability to adjust focus. 

This class specification should not be interpreted as all-inclusive. It is intended to identify the essential functions and requirements of this job. Individuals may be requested to perform job-related responsibilities and tasks other than those stated in this specification. Any essential function or requirement of this class will be evaluated as necessary should an individual be unable to perform the function or requirement due to a disability as defined by the Americans with Disabilities Act (ADA). Reasonable accommodation for the specific disability will be made for the individual when possible. 

Marquette Savings Bank is a 115-year-old financial institution headquartered in Erie, PA with branch offices throughout Erie and Crawford Counties. Marquette is an Equal Opportunity Employer, and we actively recruit, and seek to hire, retain, and promote a diverse workforce; we are an equal opportunity employer of protected veterans and individuals with disabilities.