Residential Loan Processor/Underwriter

Job Summary We are seeking a dynamic and detail-oriented Residential Loan Processor/Underwriter to join our dedicated team. In this pivotal role, you will evaluate, process, and underwrite residential mortgage loan applications, ensuring compliance with lending standards and regulatory requirements. Your expertise will help facilitate smooth loan approvals, support clients through the mortgage journey, and uphold the integrity of our lending operations. Duties Review and verify all loan application documentation, including income, employment, credit reports, and asset statements to ensure completeness and accuracy. Conduct thorough risk analysis and credit assessments utilizing financial concepts such as cash flow analysis, debt-to-income ratios, and credit scoring models. Underwrite loans by evaluating borrower financial data, performing quantitative research, and applying underwriting guidelines to determine loan eligibility. Collaborate with loan officers, clients, and third-party vendors to gather additional information or clarification as needed during the processing phase. Utilize advanced financial software for data collection, loan processing, and financial modeling to streamline workflows and enhance decision-making accuracy. Requirements Experience in mortgage servicing, loan origination, or underwriting within financial services or banking sectors. Strong understanding of financial analysis techniques including cash flow analysis, risk assessment, and credit analysis. Proficiency with financial software tools used for data collection, quantitative analysis, and loan processing systems. Excellent math skills. Familiarity with fraud prevention and detection practices related to mortgage lending processes.

Pay:

$23.00 - $34.50 per hour

Benefits:

401(k) 5% Match Dental insurance Employee assistance program Flexible spending account Health insurance Health savings account Life insurance Paid time off Profit sharing Tuition reimbursement Vision insurance

Work Location:

In person