Associate Retail Underwriter
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Job Location:
Mifflintown, PA - USA
Monthly Salary:
Not Disclosed
Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
About Us
Join Pennian Bank a growing community bank committed to delivering exceptional banking and financial services tailored to meet the evolving needs of our customers. We foster a culture of integrity respect and collaboration empowering our employees to build meaningful relationships and provide outstanding service. If you are passionate about helping others and thrive in a team-oriented environment we invite you to become a vital part of our dedicated team.
Job Summary
As an Associate Retail Underwriter you will be responsible for analyzing and underwriting residential mortgage loans in accordance with Agency investor and program standards. This role requires a strong understanding of lending regulations credit risk analysis and mortgage products along with the ability to manage a high-volume pipeline in a fast-paced environment.
Key Responsibilities
- Underwrite residential mortgage loans including conventional government jumbo portfolio and construction products.
- Analyze borrower income assets credit history title and collateral to determine creditworthiness
- Conduct thorough risk assessments based on financial data and lending guidelines
- Review and validate appraisals inspections flood certifications and title documentation for accuracy and compliance
- Calculate qualifying ratios and ensure adherence to Agency and investor standards
- Communicate underwriting decisions clearly including approvals conditions or denials
- Prepare required documentation such as commitment letters adverse action notices and HMDA-related files
- Collaborate with Mortgage Loan Originators processors and branch staff to ensure efficient loan flow and timely closings
- Update and manage loan files within the loan origination system
- Clear conditions and issue final approvals
- Assist with quality control reviews (pre- and post-closing) and investor conditions
- Support loan packaging and delivery to secondary market investors
- Provide guidance training and mentorship to junior team members
Core Qualifications
- High school diploma or equivalent requires
- Bachelors degree in Business Finance or related field preferred
- In lieu of bachelors degree: 5-7 years of mortgage processing and underwriting experience required
- Strong proficiency in reading writing grammar and mathematics
- Excellent communication interpersonal and consensus-building skills
- Deep knowledge of consumer lending principles policies and regulations
- Ability to evaluate financial data and determine creditworthiness
- Experience with loan origination systems (LOS) required- Encompass preferred
- Proficiency in Microsoft Office Suite
- Experience with FNMA and FHLMC programs
- FHA DE and/or VA SAR designation preferred (not required)
- Strong analytical data interpretation and time management skills
- Detail-oriented with the ability to thrive in a deadline-driven environment
Benefits
We offer competitive benefits and opportunities for advancement supporting our team members in reaching their professional goals. The following benefits are available with this full-time position:
- Medical (including prescription) dental and vision insurance
- Paid life accidental death and long -term disability insurance
- Short-term disability pay
- Voluntary life insurance for employee spouse and dependents
- Accident and cancer insurance
- 401(k) plan with company match
- Employee Stock Ownership Plan (ESOP)
- Paid time off and holidays
- Voluntary Time Off and opportunities to volunteer in the communities we serve
- Consumer loan discount and additional employee services (ex. free personal checking accounts free safe deposit box waivers of certain charges etc.)
- Opportunities for career development and advancement
Apply online at ! Click Careers at the top of the page then View Open Positions which will direct you to our third-party website where you will see the job posting for this position and complete your application.
Location
In-Person Hybrid or Remote
Required Experience:
IC
Key Skills
About Company
Pennian Bank, a community bank in Central Pa. since 1864, offers personal, business, investment, and trust services to Cumberland, Juniata, and Perry Counties.
