Underwriter

PREMIUM MORTGAGE CORPORATION
Buffalo, NY Full Time
POSTED ON 3/23/2024

The Underwriter is responsible for evaluating risk and making loan decisions based on existing underwriting guidelines and information and documentation provided in the loan file.

Job Duties:

The Underwriter will be responsible for completing the following job duties. Reviews conditions on files within posted turn times

  • Completes underwrite on files submitted to underwriting for approval within posted turn times
  • Provides feedback on loan quality to the Underwriting Manager
  • Mentors and develops processing staff and loan officers
  • Maintains a unified voice with fellow underwriters on underwriting guidance
  • Escalates files issues not covered in our guidelines to Underwriting Manager for guidance
  • Communicates decisions to all internal parties
  • Works jointly with co-workers to respond to concerns of quality on files, such as QC, PETR, NOR or audit/clarification requests from different managers or departments
  • Stays up to date on changing rules and regulations pertaining to conventional and government-insured mortgages
  • Meets the required KPI standards for the position (6 units per day based on weighted scale)
  • Training as needed


This job description reflects management’s assignment of essential functions; and nothing in this herein restricts management’s right to assign or reassign duties and responsibilities to this job at any time.

Qualifications:

The following qualification are required of the Underwriter.

Education:

  • A college degree with two years related experience and/or training. A combination of equivalent education and experience is acceptable.


Experience:

  • Previous experience in the mortgage industry with understanding of underwriting

Skills:

  • Customer service
  • Time management
  • Written communication
  • Verbal communication
  • Team player
  • Able to multi-task
  • Detail orientated
  • Organizational
  • Problem solving
  • Independent Judgement

Salary.com Estimation for Underwriter in Buffalo, NY
$90,638 to $127,448
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