Portfolio Underwriter Job at Valley Bank, Wayne, NJ

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  • Valley Bank
  • Wayne, NJ

Job Description

Summary:

The Portfolio Underwriter will review first mortgage and home equity loans for credit decisions.

Responsibilities include but are not limited to:

  • Comprehensive review of collateral and all property elements.
  • Ensure portfolio and investor compliance.
  • Ensure credit policy and procedures are followed.
  • Generate self employed income through tax return analysis.
  • Clearly document underwriting decision.
  • Prepare customer commitments to be issued detailing additional conditions.

Required Skills:

  • Demonstrated strong knowledge of underwriting self employed individuals.
  • Demonstrate full knowledge of collateral and appraisal understanding and have experience with unique properties.
  • Full knowledge of condominiums and cooperative lending.
  • Ability to prioritize tasks and handle multiple tasks simultaneously.
  • Good verbal and written communication skills. Ability to effectively present information in one-on-one and small group situations.
  • May be required to lift loan files up to 10 pounds.

Required Experience:

  • High School Diploma or GED and a minimum of five years non-conforming/portfolio underwriting experience.
  • Associate's Degree preferred.

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