Job Information
OceanFirst Bank Underwriter Residential and Consumer Lending (Hybrid) in Toms River, New Jersey
Position : Underwriter Residential and Consumer Lending (Hybrid)
Location : Toms River, NJ
Requisition ID: : 4114
At OceanFirst Bank, each one of our employees plays an important role in fulfilling the mission and taking responsibility to execute daily tasks in alignment with our core values. Together we foster an environment of respect, professionalism and diversity that makes OceanFirst a great place to work and do business.
Great benefits include: on-site fitness facility at Red Bank and Toms River headquarter offices, hybrid schedule after initial onboarding has been completed (3 days in office, 2 days remote), employee perks & discount programs, tuition assistance, incentive compensation program, professional development opportunities, and more! Apply today to #BecomeOceanFirst and make an impact in the local community!
PRIMARY PURPOSE:
Responsible for providing quality customer service by efficiently and accurately underwriting residential mortgage applications.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Monitor underwriting queue daily with a focused effort to render decisions Based on established Key Performance indicator (KPI) targets.
Underwrite and render credit decision to approve or deny one to four family mortgage consumer loans in accordance with Bank policy for portfolio and for sale in the secondary market, including conventional, FHA, and VA loan programs.
Review loan documentation required to complete the application process.
a. Analyze tax returns for self-employed borrowers in accordance with Bank and Investor guidelines.
b. Analyze condominium project documents to assure Bank and Investor warrantability.
c. Review appraisals to ensure compliance with Bank and Investor appraisal policies.
Through the Department Manager, respond to quality control exceptions and recommend improvements to minimize future exceptions.
Accountable for meeting established Key Performance Indicator (KPI) targets.
Understands compliance with all regulations governing the banking industry, as well as agency guidelines and organization policies.
Understands the compliance requirements for Loan Operations to ensure files are maintained in accordance with regulations.
JOB SPECIFICATIONS:
Knowledge, Skills & Abilities
Ability to use prudent decision-making skills.
Ability to be diplomatic.
Excellent interpersonal, oral and written communication skills.
Thorough knowledge of FNMA/FHLMC and Consumer Loan underwriting requirements and polices.
Ability to review, analyze, and provide feedback regarding underwriting results.
Proficiency in MS Office Suite and banking software applications.
Ability to organize time, resources and set priorities to accomplish multiple duties.
Experience & Education
Associates Degree with an emphasis on Finance, Accounting, plus specialized courses in mortgage underwriting and appraisal review.
Minimum of three years underwriting experience.
Internal and External Contacts
External contact with customers, attorneys and real estate professionals.
Internal contacts involve departmental coordination.
Working Conditions/Physical Requirements
Office environment. Ability to operate computer. Ability to communicate in order to exchange simple to complex information with individuals and groups. Ability to travel throughout Bank footprint.