Mortgage Underwriter

$48,000 - $100,000/Yr

US Bank - Concord, NH

Full-time - Entry Level

Concord, NH

Credit Intermediation and Related Activities

About the position

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. As a Mortgage Underwriter, you will analyze and evaluate residential loan applications originated by U.S. Bank branch offices in accordance with industry and business unit standards. Your role will involve gathering, analyzing, and interpreting all types of credit information for existing and prospective retail banking customers in order to maximize credit and minimize risk and potential loss. You will develop and maintain a loan underwriting portfolio consistent with the Bank's guidelines for credit quality and standards. This includes approving and/or denying loans within certain limits and making credit structure and loan eligibility decisions. This role has multiple levels, open to candidates with a minimum of one year of mortgage, sales, real estate, or banking experience. The successful candidate will be hired for the level of the position that aligns with their experience. This role is posted as remote; however, candidates who are located near any one of our locations would be required to work on site at least three days per week.

Responsibilities

• Analyze and evaluate residential loan applications originated by U.S. Bank branch offices.
• Gather, analyze, and interpret credit information for existing and prospective retail banking customers.
• Maximize credit and minimize risk and potential loss.
• Develop and maintain a loan underwriting portfolio consistent with the Bank's guidelines for credit quality and standards.
• Approve and/or deny loans within certain limits and make credit structure and loan eligibility decisions.

Requirements

• Bachelor's degree, or equivalent work experience.
• One to two years of experience in credit analysis and/or lending activities.

Nice-to-haves

• Basic understanding of factors affecting real estate values and credit analysis.
• Ability to analyze and interpret credit quality information.
• Basic knowledge in credit analysis, underwriting, administration, policy and procedure.
• Basic knowledge of accounting and finance principles.
• Ability to manage multiple tasks/projects and deadlines simultaneously.
• Proficient computer skills, especially Microsoft Office applications.
• Effective verbal and written communication skills.
• Previous underwriting experience with Mortgage or Consumer Lending.
• Experience in title review, income review and credit review.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law.