Residential Loan Underwriter

Build Your Future Here: Thinking of changing jobs or starting your career at a growing company with an award-winning culture? Well, you are in the right place. Join us on our journey to being the Best Community Bank in America. Our motto is and by joining Peoples Bank, we will work together to help you achieve your career goals, just like we help thousands of clients reach their financial goals. Peoples Bank is one of the largest 150 banks in the United States with 130 full-service bank branches in Ohio, West Virginia, Kentucky, Virginia, Washington D.C. and Maryland. We also have Specialty Finance offices in Minnesota, Missouri and Vermont. Peoples Bank prides itself as a community bank and dedicates its resources to improving our communities. The Peoples Bank Foundation celebrated its 20th anniversary in 2023, donating over $7 million to local organizations since its inception. We are proud to share national accolades that celebrate our company culture and recognize us as a great place to bank: American Banker Best Banks to Work For in 2021, 2022, and 2023 Top Workplaces USA national award in 2022, 2023, and 2024 Newsweek's America's Best Banks 2023, and 2024 U.S. News & World Report's Best Companies to Work For in Banking and in the Midwest At Peoples Bank, we know that there is more to life than work. But we also understand that the quality of the work environment and employee benefits can greatly impact an associate's life. That's why we seek to create a great benefits package for our associates including: 401(k) retirement plan with an employer match, employee stock purchase plan, various education assistance programs such as student loan and tuition paydown/reimbursement, paid vacation and holidays, and much more. For full details of our benefits offerings, please visit: /about-us/find-a-career/ Our associates are each accountable for living the culture and values of the organization. This includes ensuring actions and behaviors create a positive and collaborative work environment, always acting with integrity and professionalism and providing extraordinary customer service. Our goal is for you to be successful; to that end being reliable in terms of ensuring you are at work on time and work your schedule as well as actively pursuing your performance objectives, will be fundamental in your contributing to the teams' success as well as the organization. Job Purpose This position is responsible for verifying and analyzing complex information in order to evaluate and decision 1st and 2nd mortgage applications in accordance with policy and procedure and ensure these applications meet regulatory guidelines. The Underwriter may decline applicants not meeting the guidelines or considered to be high of investment risks. Job Duties Underwrite and decision conventional and non-conforming loans to comply with state and federal regulations. Based on experience and knowledge, may underwrite loans for FHA, VA, USDA, portfolio, Fannie Mae, MI and other investors. Apply independent discretion and decisions when underwriting portfolio QM and non-QM loans. Determine compensating factors when approving portfolio QM and non-QM loans with credit and collateral exceptions. Review and analyze appraisal reports to determine loan to value ratios and acceptable collateral standards for decisions. Verify and analyze W2s, personal and business tax returns, and financial statements to calculate debt to income ratios for decisions. Review and analyze title reports, title policies, surveys and endorsements to determine vesting and lien position for decisions. Apply independent discretion and decisions when determining conditions for loans. Validate processing conditions. Final check of early disclosures to ensure fees were accurately disclosed and within specified timeframes prior to rendering decisions. Restructure

Created: 2024-11-20