Senior Mortgage Underwriter - Laurel Road National Digital Bank
Bridgeport, CT  / Cleveland, OH  / Buffalo, NY  / New Haven, CT  / Seattle, WA ...View All
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Job Description

Location:

855 Main St. - Bridgeport, Connecticut 06604

Job Brief

The Senior Mortgage Underwriter is responsible for underwriting loans in accordance with Company and Investor guidelines following company's policies and procedures under general supervision. In addition, this position makes sound underwriting decisions and ensures that all decisions meet legal and policy requirements.

ABOUT LAUREL ROAD

Treating members to financial peace of mind.

Laurel Road, a brand of KeyBank National Association, is a part of the rapidly expanding fintech space, providing members with online banking and lending solutions to build a bright financial future. With award-winning service, and over $7 billion in funded loans, and online lending products in all 50 states plus Washington D.C., Laurel Road's expanded services include mortgages, student loan refinancing, personal loans, and new savings and credit products, with a special dedication to serving the healthcare community.

With the launch of Laurel Road for Doctors, a new suite of products and services for doctors, we've expanded our commitment to treating doctors to financial peace of mind. From physician mortgages to new savings and credit products that help them pay down med school loans, we believe those serving others deserve the same level of care from their bank.

Join this dedicated, fast-growing mortgage team, where innovative technology, tailored products, and a commitment to premium service are giving our members the seamless experience, savings, convenience, and peace of mind they need to reach their financial goals.

ABOUT THE POSITION

Essential Job Functions

  • Performs a thorough analysis to ensure the quality of each loan and to determine compliance with Company and Investor guidelines.
  • Performs a thorough analysis of collateral to ensure property meets investor guidelines and the appraisal quality and completeness is acceptable.
  • Applies and interprets company underwriting guidelines and makes sound credit decision.
  • Completes credit, analysis of income, analysis of property, ensures proper audits are completed and verifies consistency of loan file information.
  • Identifies risk factors within each loan and utilizes resources, tools and documentation to detect red flags and clear inconsistencies.
  • Reviews and evaluates credit information on mortgage loan documents to determine acceptability for specific loan programs.
  • Determines any conditions, stipulations or pre-funding requirements.
  • Reviews and clears underwriting conditions, stipulations or pre-funding requirements received.
  • Communicates with clients, sales teams and operations teams to resolve outstanding issues as they arise.
  • Assists departmental support staff when necessary.
  • Resolves and responds to post closing credit exceptions received from investors and auditors when required on loans underwritten.
  • Maintains ongoing knowledge of investor guidelines, updates and trends as applicable to underwriting position.
  • Completes second signature underwriting review on loan files underwritten by junior underwriters and within designated authority as needed.
  • Adheres to compliance procedures and internal/operational risk controls in accordance with any and all applicable regulatory standards, requirements, and policies.

Education/Certifications

  • College degree or equivalent work experience
  • 5 or more years mortgage underwriting experience
  • Paperless Loan Origination System experience
  • FHA Direct Endorsement designation and/or VA SAR designation highly preferred

Experience

  • Strong knowledge of residential mortgage underwriting and secondary market guidelines, particularly for self-employed borrowers.
  • Strong knowledge of Automated Underwriting Systems such as DU/DO and LP.
  • Expertise in interpreting underwriting guidelines, analyzing risk, and communicating with customers and associates.
  • Strong analytical and problem-solving skills, with ability to clearly support a recommendation.
  • Exceptional ability to articulate complex scenarios in written format and create detailed loan-level analyses based on mortgage supporting documentation.
  • Excellent written and verbal communication skills with attention to detail.
  • Ability to work accurately and efficiently in face-paced environment and to maintain production requirements while adhering to quality and service standards.
  • Superior computer skills in internet research, Adobe Acrobat, and Microsoft Word, Excel, and Outlook.
  • Exceptional ability to articulate complex scenarios in written format and create detailed loan-level analyses based on mortgage supporting documentation.
  • Capacity to work both independently and with a team and to transition easily between different projects

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to building a diverse, equitable and inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other protected category.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing .


KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.

 

Job Summary
Company
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Experience
5+ years
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