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First National Bank - Pittsburgh, PA
posted 2 months ago
About the position
The Retail Lending Loan Underwriter position at First National Bank involves analyzing and underwriting loan applications for Direct, Indirect, or Small Business Lending. The role is crucial for assessing risk and ensuring compliance with bank policies and regulations, ultimately contributing to the bank's long-term goals. The underwriter will work closely with loan processors and branch personnel to enhance customer satisfaction and maintain relationships with loan originators.
Responsibilities
- Reviews loan applications from consumers and small businesses to evaluate risk and determine acceptance.
- Verifies application information for accuracy and completeness by validating loan data against provided documentation.
- Orders documentation appropriately to mitigate potential risk of loss, considering credit-related information.
- Ensures compliance with bank policies and procedures for underwriting loans based on assignment.
- Complies with regulations regarding declinations and ensures notifications are sent within specified time frames.
- Develops partnerships with loan processors and bank branch personnel to improve customer satisfaction.
- Maintains customer relationships developed by loan originators and business development personnel.
- Performs tax return analysis to assess self-employed borrowers' income.
- Obtains and compiles applicants' credit histories, financial statements, tax returns, and collateral valuations.
- Reviews appraisal reports for accuracy and completeness.
- Takes responsibility for final approval of loan documents.
- Educates bank personnel on policy, credit risk tolerance, and regulatory factors related to loans.
- Stays updated on new loan types and financial services to better meet customer needs.
- Approves loans up to a specified loan authority.
- Performs other related duties and projects as assigned.
Requirements
- Bachelor's degree (BA or BS) required.
- Minimum of 3 years of experience in loan underwriting.
Nice-to-haves
- Excellent project management skills
- Excellent written and verbal communication skills
- Strong organizational, analytical, and interpersonal skills
- Exceptional customer service skills
- Proficiency in MS Word (Basic Level)
- Proficiency in MS Excel (Intermediate Level)
- Proficiency in MS PowerPoint (Basic Level)
