Sr Mortgage Underwriter- Job at Sandy Spring Bank, Olney, MD

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  • Sandy Spring Bank
  • Olney, MD

Job Description

About Us Are you someone who seeks opportunity and has a true desire to grow your career with an organization that has enriched the lives of its clients and communities in the Greater Washington region for more than 150 years? If so, Sandy Spring Bank may be the perfect fit for you! Sandy Spring Bank is a growing financial services company focused on creating real experiences for our employees, clients, shareholders and communities. We are proud to have been certified as A Great Place To Work , recognized by The Washington Post and the Baltimore Sun as a Top Workplace, by Forbes magazine as the #1 Bank in Maryland. It is our employees who play an integral role in shaping who we are as a company and upholding what matters most to us: people and relationships. To help us attract the highest quality individuals, we offer a comprehensive benefits package to those who qualify. We offer competitive market salaries, paid time off, multiple retirement savings options, full health care options, life insurance, health care and dependent care flexible spending accounts, career development opportunities, tuition assistance and volunteer opportunities. We are proud to offer those, and so much more, making Sandy Spring Bank a remarkable place to work and build a career. About the Job About the Job: Sandy Spring Bank is currently recruiting for a Senior Mortgage Underwriter. This role requires an in-depth and thorough knowledge of the Bank's mortgage processing, underwriting, and settlement functions. Underwrites and evaluates Retail and Correspondent residential mortgage applications originated by the Bank that will be held in the bank’s portfolio and sold to investors through the secondary market.

MAJOR JOB ACCOUNTABILITIES:

1. UNDERWRITING OF LOANS

Demonstrates exceptional underwriting skills with new retail and correspondent mortgage loan requests. Performs a financial analysis on more difficult/complex residential mortgage requests and determines strengths and weaknesses. Approves or denies mortgage loans based upon established guidelines. Prepares and presents requests for approval over authority limit. Assists in resolving problems that may arise during credit analysis, providing solutions including any possible counter-offers to the original loan request.

2. PROJECT REVIEW

Completes detailed reviews of Condominium project documentation as they relate to residential mortgage loans to assure the project and related documents meet Bank and secondary market investor requirements. Reviews may include budgets, financial statements, by-laws, covenants, conditions and restrictions, insurance and questionnaires. Reviews Affordable Dwelling projects and Inclusionary Zone projects to assure the project represents an acceptable credit risk for the bank. Communicates project status to appropriate individuals and maintains a database of all project reviews and outcome.

2. LOAN QUALITY

Assists in quality control reviews and audits from both internal and external sources, which may require research, investigation, and written response. Documents exceptions to policy with regard to underwriting guidelines and compliance of the submitted applications for review. Reviews loan submissions for compliance with all regulations. May prepare and administer various department risk management reports.

3. TECHNICAL RESOURCE

Functions as a technical resource to members of the Mortgage team, to include junior underwriters, loan processors and mortgage bankers. Responds to questions and requests promptly. Works in cooperation with management to resolve questions, complaints, and or errors.

4. CLIENT COMMUNICATION

Provides remarkable client service by effectively communicating and cooperating with all internal and external partners. Maintains an open line of communication with the processor and the mortgage banker, assisting with questions and providing any additional information required. The nature of the communication activities involve distributing and exchanging information; working with confidential information, following up with clients, and composing correspondence. Works to resolve any client issues proactively and diplomatically. 5. Other duties as may be assigned. Required Skills

KNOWLEDGE, SKILLS, AND ABILITIES:

Work requires a broad level of professional experience in mortgage banking to include thorough knowledge of mortgage underwriting guidelines and related regulations. A minimum of five years of mortgage underwriting experience is required. Intermediate PC skills are necessary. Advanced problem-solving skills are needed to find solutions to problems that are technically complex and require the collection, interpretation and analysis of data from diverse sources Analytical ability is required in researching problems and providing possible solutions. Must be able to evaluate alternative courses of action and their consequences on the organization. Work requires regular internal and external contact in furnishing and obtaining information. Tact and discretion in obtaining cooperation and understanding is needed. Appropriate interpersonal skills needed to maintain a positive rapport with customers and co-workers. Work is under minimal supervision requiring independent judgment and assessment of risk. Holds FHA and VA underwriter designations.

SPECIFIC PHYSICAL REQUIREMENTS:

Work requires reasonable mobility in and around the work area. Ability to use standard computer and phone systems is required

WORKING CONDITIONS:

Normal office environment where there is almost no discomfort due to temperature, dust, noise, or other disagreeable elements. Work includes little or no potential exposure to hazardous conditions. Must be able to travel to remote company and/or client locations. The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified. Compensation Information At Sandy Spring Bank, compensation is one part of our total rewards package. Compensation within the range will depend on your skills, qualifications, education, experience, and location. Additionally, full-time and part-time positions may be eligible to participate in department or company-wide incentive plans. Additional Information Sandy Spring Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training. If you require a reasonable accommodation to apply for a position, please call our job line at 1-800-399-5919 and select option 5. Requests are considered on a case-by-case basis. Sandy Spring Bank partners with various job boards to advertise our openings. Please visit our website, to confirm the validity of the job posting to avoid any potential fraudulent activity. We encourage and recommend all candidates to apply via our website. #J-18808-Ljbffr

Job Tags

Full time, Part time, Local area, Flexible hours,

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