Mortgage Loan Underwriter

Our Morgage Loan Underwriters are responsible for performing administrative and underwriting duties to support the mortgage loan function; acquiring intricate knowledge of underwriting and selling guidelines, especially those associated with the secondary market; achieving goals as established in the Bank’s business objectives; coordinating work within the department, as well as with other departments; complying with operating policies and procedures established for the mortgage loan function; communicating with appropriate personnel; and maintaining appropriate records and providing assigned reports.

Essential Duties:

• Assists with pre-qualification underwriting and loan structuring.
• Performs due diligence and underwriting once loans are under application.
• Verifies and reviews financial loan documents.
• Assesses borrower(s) credit worthiness.
• Processes and issues all required disclosures.
• Communicates changes in loan terms as necessary.
• Prepares recommendations for credit review committee or loan originators.
• Reviews loan documents for completeness.
• Assembles loan documents in loan file, including acceptance or denial and returns file to origination mortgage loan office.
• Notifies all required personnel of disposition of underwriting results.
• Performs credit analysis and approves mortgage loans within established lending authority.
• Maintains knowledge of FHA, VA, and USDA lending guidelines.
• Perform Administrative Compliance Reviews of subject property appraisals for completeness, accuracy, adequacy and validity in accordance with financial institution policy
• Maintains intricate knowledge of underwriting and selling guidelines, especially those associated with the secondary market.

Benefits Offered to Peoples Security Bank Employees

**Our College Tuition Reimbursement Benefit can help you achieve your long-term career and educational goals**

• Medical Plans
• Dental Plan
• Vision Plan
• Life Insurance
• Disability Insurance
• 401(K) Plan
• ESOP Plan
• Paid Time Off
• Paid Holidays
• Employee Assistance Program
• Banking Classes
• College Tuition Reimbursement
• Internal Advancement Opportunities
• Volunteer Time Off

Company Overview

Since 1905, community has and always will be our purpose. We were founded on the principle to be a bank that people can trust. We would not be where we are today without the dedication that our employees have had since we first opened our doors. Our values still hold true to this day and we are making strides to continue to grow with our amazing team.

• Integrity - it is our foundation, the basis of everything we do. We strive to be professional, honest, trustworthy, confidential, and respectful at all times.
• Excellence – to do things better, exceeding expectations
• Teamwork - working together for a common good, engaging our customers, coworkers, and partners
• Efficient – we will strive to manage our expenses
  

We believe our team is what makes our organization successful. Hearing their stories show a path of growth and enrichment in their careers. Every single team member truly makes a difference within our company and we're grateful for each employee who chooses to work with us.

Peoples Security Bank and Trust Company is an Equal Opportunity Employer

Education/Training: Associates Degree or equivalent knowledge normally required; specialized bank education/training related to mortgage lending.

Skill(s): Must demonstrate strong communication skills; proficient interpersonal relations skills; moderate analytical skills; demonstrated organizational skills; proficient PC skills, including knowledge of loan related software; proficient knowledge of underwriting, including credit and compliance calculation and testing; proficient knowledge of applicable lending laws and regulations, i.e., Reg B, Reg Z, and Fair Credit Reporting Act; knowledge of HUD-1 and closing documents.

Experience: A minimum of five (5) years of related mortgage loan experience normally required.

Physical Requirements: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the essential job functions of this position, the employee is regularly required to sit, stand, talk, hear, walk, use hands and fingers, handle or feel objects, and reach with hands and arms. At times required to stoop, kneel, bend, crouch and lift up to 25 pounds. This position requires regular use of a computer.