Senior Consumer Loan Underwriter at New Horizon Bank - National Association

Description

New Horizon is not just another bank; we are a dynamic, forward-thinking financial institution committed to redefining the banking relationship through our relentless high-touch customer services. We have a long-term mindset focused on boundless creativity and unwavering dedication to innovation. Our entire team is comprised of passionate individuals who are constantly seeking new ways to enhance our services and create exceptional experiences for our customers. From developing groundbreaking financial products to implementing cutting-edge technologies, we are committed to finding creative solutions that address the evolving needs of our clients in today's integrated and fast-paced world. Join us on our adventure as we continue to explore new horizons, challenge conventions, and redefine the future of banking. 

General Job Summary:

The Senior Consumer Loan Underwriter is a senior-level role that supports both the bank’s loan growth and asset-quality goals. This position ensures that consumer loans are underwritten and approved within bank or investor guidelines while maintaining operational efficiency. The incumbent underwrites all consumer product types with a strong focus on mortgages, both portfolio and secondary market, as well as home equity loans and lines of credit.

Essential Duties and Responsibilities:

• Ensure credit policies and procedures are followed.
• Provide support, answer inquiries, and coordinate approval requirements and file status with Bankers, Closers, and Borrowers.
• Review, analyze, and make final determinations on loan submissions using manual underwriting guidelines.
• Verify borrower financial capacity and assess credit, income, assets, DTI, and LTV ratios.
• Complete thorough analysis of files for accuracy and compliance with portfolio, investor, or government guidelines.
• Render credit decisions on mortgage loans consistent with internal and investor standards.
• Set clear, concise conditions for missing documentation and communicate underwriting decisions.
• Monitor suspended files and ensure timely resolution.
• Mentor junior underwriters and serve as a subject-matter expert for complex scenarios.

Requirements

•   Expert-level understanding of mortgage and consumer underwriting principles.
• Strong analytical, decision-making, and interpersonal skills.
• Ability to work independently while contributing to a collaborative team environment.

Education and Experience:

• 7+ years of consumer underwriting or credit review experience.
• 5+ years underwriting mortgage loans.
• FHA, FNMA, FHLMC, and/or VA underwriting experience preferred.
• Proven ability to analyze and decision complex loan requests.
• Technical knowledge of secondary-market lending.
• Proficiency with loan origination systems (LOS) and related technology platforms.