Consumer Real Estate Underwriter (Finance)

SUMMARY: Render credit decisions on consumer loans, primarily real estate loans. Gather and verify supporting documentation according to guidelines and regulatory requirements. Correspond and provide guidance to the consumer real estate originators and lenders regarding loans in process.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Underwrite consumer real estate loans, verifying income and property taxes.
Request and review title searches on properties.
Understanding all regulatory guidelines associated with real estate lending.
Complete cash flows for all consumer loan requests.
Be proficient in using all loan systems including the ability of testing of new processes or products.
Provide assistance to consumer real estate originators for loan application processing.
Attend CREO meetings on a regular basis and work closely with the Consumer Real Estate Manager to train and mentor CREO's.
Ensure compliance with regulatory standards and underwriting guidelines.
Maintain a thorough understanding of credit and ability to review tax and loan documents.
Reviews appraisal/full in-house evaluation/tax assessment evaluation for value of collateral.
Keep up to date on changing regulations and guidelines.
Spends 12 hours minimum a year with consumer real estate originators on the front side to learn and keep updated on the origination side of consumer real estate lending.
Do final underwrite and clear to close prior to sending over to Consumer Real Estate Loan Processor.
Participate in the Consumer Loan Review Group to approve loan exceptions.
Reviews monthly reports and reports to management when needed.
Maintains current knowledge of and adheres to the BSA policy.
Assist and guide Consumer Real Estate Loan Processors with questions for unusual requests.
Understand and support all BSA/AML responsibilities as applicable to the position as well as consistently, accurately, and timely carry out these responsibilities in compliance with the Bank's internal policies.
Other duties may be assigned

SUPERVISORY RESPONSIBILITIES: This job has no supervisory responsibilities.

QUALIFICATIONS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Analysis - collect and research data; use intuition and experience to complement data; design work flows and procedures while considering risks and controls; perform due diligence on systems and vendors.
Customer Service - manage difficult or emotional customer situations; respond promptly to customer needs.
Communication - have and encourage strong verbal and written communication.
Computer Skills - have a strong knowledge of PC skills, including various programs.
Adaptability - naturally identify opportunities for increased efficiency; desire to adapt quickly to emerging technologies and applications.
Decision Making - demonstrate excellent decision making after digesting and understanding complex issues.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed above are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE:
Consumer real estate lending experience is necessary. Bachelors or Associate's degree or equivalent is a plus; or equivalent combination of education and experience. A good understanding of financial institution products and services is also necessary.

COMMUNICATION SKILLS:
Ability to read and interpret documents such as bank policies and procedures, regulatory guidance, and banking industry guidance. Ability to evaluate internal loan reports. Ability to build relationships and facilitate collaboration with team members within and across departments. Ability to effectively present information to management when necessary.

MATHEMATICAL SKILLS: Ability to understand all aspects of consumer lending and how it works and relates to our customer base. i.e. calculation of loan payments as it relates to debt to income etc.

REASONING ABILITY:
Ability to practice critical and innovative thinking. Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral diagram or schedule form.

PHYSICAL DEMANDS:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit; use hands and fingers to operate office equipment, telephones, etc.; and talk or hear. The employee is occasionally required to stand, walk, and reach with hands and arms. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, and ability to adjust focus.

WORK ENVIRONMENT:
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.