Home Equity Underwriter
On-siteRhode Island, United States
Job Summary
Analyze and make credit decisions on complicated Home Equity Line of Credit applications using data analysis and knowledge of Consumer Lending policies and regulatory guidelines. Review required documentation to ensure accuracy and validate that credit decisions align with underwriting policies while mitigating organization risk. Interpret personal and business tax returns, including K1s, to verify income and document calculation methodologies. Identify counteroffer opportunities when original terms do not qualify and maintain productivity levels and credit quality standards. Work Monday through Friday in Johnston, RI, coordinating with retail sales and loan officers in a fast-paced production environment.
Required Qualifications
- 2 years Mortgage, Home Equity lending, Home Equity processing or junior underwriting experience preferred
- Demonstrated knowledge of equity lending policies, procedures, and products, as well as knowledge of secondary market guidelines
- Must be organized, detail-oriented and have excellent interpersonal, communication and computer skills
- Experience with automated systems
- Proficiency with the system is essential
- Attendance in office during normal business hours (at minimum) may be required in order to effectively coordinate with multiple departments, projects and outside entities
- Ability to work well with retail sales and loan officers
- Demonstrated ability to analyze and evaluate complex income calculations
- Desire to work in a fast-paced production environment
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