Mortgage Underwriter at Mauch Chunk Trust Company in Jim Thorpe, PA, USA

Job description

• Mauch Chunk Trust Company is seeking an experienced Residential Mortgage & Consumer Loan Underwriter to evaluate and make sound credit decisions on residential mortgage and consumer loan applications.
• This position reviews borrowers' financial information, assesses credit risk, determines loan viability, and approves or denies requests in accordance with Bank policies, secondary-market guidelines, and applicable lending regulations. The successful candidate will combine strong analytical skills with sound judgment and a commitment to providing an efficient, transparent lending experience.

Responsibilities

• Review, analyze, and underwrite residential mortgage and consumer loan applications to ensure credit quality, business value, and compliance with Bank standards and regulatory requirements.
• Evaluate borrowers' financial strength and repayment capacity by analyzing income, assets, liabilities, credit history, debt-to-income ratios, loan-to-value ratios, property valuations, and other relevant factors.
• Conduct cash-flow analysis and review financial information for small-business borrowers.
• Apply current Fannie Mae, Freddie Mac, and MGIC guidelines to loans intended for secondary-market sale or requiring mortgage insurance.
• Determine loan eligibility and establish and document appropriate approval conditions.
• Make approval, denial, counteroffer, and adverse-action decisions within assigned lending authority and loan specifications.
• Identify alternative loan structures or requirements that may allow a request to qualify when the original application cannot be approved.
• Clearly communicate underwriting decisions and outstanding requirements to mortgage loan originators, personal bankers, customers, and other involved parties.
• Contact applicants when necessary to explain denied loan requests professionally and clearly.
• Maintain accuracy and compliance throughout the underwriting and origination process using the Bank's loan origination system.
• Partner closely with mortgage loan originators and personal banking staff to support effective customer communication and efficient application processing.
• Maintain current knowledge of lending laws, regulations, underwriting standards, and the Bank's products and services.
• Identify opportunities to recommend appropriate Bank products and services based on customer needs.
• Participate in educational opportunities and professional organizations to maintain and expand job knowledge.
• Comply with all Bank policies, procedures, and applicable federal regulations, including BSA/AML and OFAC requirements.
• Serve as a project leader for special assignments as needed.
• Assist with administrative responsibilities and perform other related duties as assigned.

Requirements

• Bachelor's degree in finance, accounting, or a related field preferred.
• Three to five years of lending or underwriting experience.
• Knowledge of residential mortgage and consumer lending practices.
• Working knowledge of Fannie Mae, Freddie Mac, and mortgage insurance underwriting guidelines.
• Knowledge of applicable lending laws and regulations.
• Ability to review personal and business tax returns, financial statements, and other financial documentation.
• Strong understanding of accounting principles, personal finance, credit analysis, and cash-flow analysis.
• Excellent analytical, mathematical, problem-solving, verbal, and written communication skills.
• Strong interpersonal skills and the ability to communicate difficult credit decisions professionally.
• Ability to manage multiple priorities and perform accurately in a fast-paced, deadline-driven environment.
• Proficiency with Microsoft Office and lending-related software.
• Experience with Finastra Mortgagebot is preferred.

Skills

Preferred

• Experience with Finastra Mortgagebot