Residential Loan Underwriter I chez Hanover Community Bank

Description

Location: Garden City Park, NY

About Us:

Hanover Bank– When you love your work and the people you work with, careers are made!

Embracing diversity, valuing inclusion and showing respect are the foundation upon which we build our team. At Hanover Bank, inclusion means respecting personal beliefs and appreciating that we all have perspectives that matter. We are stronger together as we move toward a shared vision of personal and corporate growth.

Whether you are just starting out or a seasoned professional, working for Hanover Bank can launch you on a path to success. With a passion for excellence, we strive to deliver exceptional service to our clients, foster a positive impact in the communities in which we work and live and help our team members achieve their professional goals. 

When you work with us you are empowered, engaged and encouraged to collaborate because every voice matters, every person counts!

Job Summary

Hanover Bank is looking for a full-time Residential Underwriter to join our team.  The Residential Underwriter is responsible for the evaluation and approval of residential mortgage loan applications in accordance with Bank credit policies, investor guidelines, and regulatory requirements. This position supports both conforming and non-conforming loan products, including non-QM, investment property, and owner-occupied programs. The incumbent ensures that all loan files are complete, accurate, and meet established underwriting and documentation standards.

Essential Job Duties and Responsibilities

• To support a non-conforming and conforming loan product with standard loan package requirements.
• Must be cognizant of Bank Credit Policy and investors' requirements related to all residential loan products.
• Ensure that the loan file fully conforms to the bank's underwriting and document requirements prior to approval.
• Knowledge of Non-QM investment properties and Owner-Occupied loan programs.
• Ensure compliance with all regulations, policies, and procedures, as applicable.
• Maintain required daily job assignments.
• Review and analyze mortgage applications.
• Answer inquiries and questions from processors and loan officers. Assist team members when necessary.
• Examine loan transactions and documents to ensure accuracy and completeness within the compliance requirements.
• Maintain consistent turn time with new and resubmitted loan submissions promptly to meet scheduled closing dates.
• Analyze title and appraisal reports for residential properties, including one to four family, condo, PUD, and co-op to identify zoning classification, building’s structure, violations, and property type to ensure the health and safety, soundness, or structural integrity of the properties. 

Education and Experience

• Bachelor’s degree preferred but not required
• At least 2 years of underwriting residential mortgage experience
• Knowledge of Loan Origination Software preferred

Skills and Abilities

• Capable of working in a fast-paced environment
• Ability to manage multiple tasks
• Strong verbal and written communication skills

Our Benefits: 

Health & Wellness Benefits

· Medical, Dental, and Vision insurance (with HSA, FSA, and Commuter Benefits options)

· Company-paid Life Insurance and Accidental Death & Dismemberment (AD&D)

· Company-paid Long-Term Disability Insurance

Voluntary Benefits

· Additional Life and AD&D Insurance for employee, spouse, and dependents

· Voluntary Short-Term Disability Insurance

· Pet Insurance

· Legal Services Plan

· Accident Insurance

· Hospital Indemnity Insurance

· Cancer Care Insurance

Retirement

· 401(k) Plan with Company Match

Time Off & Recognition

· Paid Personal Time Off (PTO)

· Paid Company Holidays

· Annual Performance Bonuses

· Annual Salary Increases

Employee Engagement

· Company-sponsored Events

· Employee Contests and Recognition Programs

Hourly Wage: $36.00 - $44.00; placement within this range will vary based on experience and skill level.

Hanover Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.