Salary Grade: 14
SUMMARY:
The Underwriting Assistant II performs a variety of loan processing duties to ensure loans are compliant and meet the standards and documentation required for delivery into the Bank’s portfolio or appropriate secondary market investors. The Underwriting Assistant II coordinates communication between the MLO, customer and Underwriter to ensure the mortgage application process meets all expectations while preparing the application to be underwritten.
ESSENTIAL JOB FUNCTIONS & RESPONSIBILITIES:
- Works independently to coordinate the timely processing of residential mortgage loan applications and ensures critical deadlines are met
- Responsible for processing a variety of loan products levels.
- Orders automated income/asset verification and automated underwriting services
- Analyses necessary disclosures for compliance and reviews support documentation via appropriate checklists
- Orders mortgage services through third party vendors
- Obtains missing documentation and completes the preliminary loan preparation for the Underwriter’s review
- Responds to internal and external customers or vendor inquiries, within scope of authority and expertise via telephone and electronic communication
- Stays current on new developments within the residential lending field and attends relevant courses and seminars
EDUCATION & CERTIFICATIONS:
- Associates degree, or equivalent experience in lending or financial services with lending exposure.
KNOWLEDGE, SKILLS & ABILITIES:
- Minimum of one year of mortgage processing, loan operations, loan origination experience, or National Mortgage Licensing System (NMLS) registration.
- Proven track record of preparing accurate Initial Disclosure Packages preferred
- Knowledge of automated income/asset verification services and automated underwriting services preferred
- Knowledge of mortgage origination process and ability to communicate same to applicants
- Knowledge of mortgage origination systems
- Strong time management and organizational skills
- Ability to work in a team environment under deadline pressure
- Ability to communicate in an effective and efficient manner both verbally and written
- Proficiency with Microsoft Office Suite (Word, Excel, and PowerPoint) products is required
- Tech savvy with ability to learn various web based systems
COMPETENCIES:
- Must have cyber security awareness to protect the digital environment, the Bank, and customers.
- Functional/Technical Skills
- Learning on the Fly
- Organizing
- Problem Solving
- Self-Development
- Time Management
- Approachability
- Customer Focus
- Ethics and Values
- Humor
- Integrity and Trust
- Peer Relationships
- Written Communications
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
Skills Required
- Associate degree or equivalent experience in lending or financial services with lending exposure
- At least one year of mortgage processing, loan operations, or loan origination experience, or NMLS registration
- Knowledge of the mortgage origination process
- Knowledge of mortgage origination systems
- Strong time management and organizational skills
- Ability to work in a team environment under deadline pressure
- Effective verbal and written communication skills
- Proficiency with Microsoft Office Suite, including Word, Excel, and PowerPoint
- Ability to learn various web-based systems
- Proven track record of preparing accurate Initial Disclosure Packages
- Knowledge of automated income and asset verification services and automated underwriting services
What We Do
Cape Cod 5 is a community bank with over $5.7 billion in assets committed to supporting its customers wherever they are – in the world and on their life journey – through its full-service digital offerings or in person at one of its locations throughout Cape Cod, Nantucket, Martha’s Vineyard and Southeastern Massachusetts. Founded in 1855, Cape Cod 5 offers a broad range of financial products and services, including consumer and commercial banking products; residential mortgages; investment management and trust services. We at Cape Cod 5 are deeply committed to the communities we serve. Our dedication to serving our neighbors and local businesses and earning our customers’ trust every day has remained the same since our founding in 1855. We focus on continuously evolving to be our customers’ trusted financial partner in a rapidly changing world, offering sound guidance, accessibility and insight to help support our customers’ financial wellness. Never disclose account information or personal information on LinkedIn. Cape Cod 5 will never ask you for your account information, password, Social Security Number or other identifying information via LinkedIn. This page and Cape Cod 5 links are presented by Cape Cod 5, but the website is controlled by LinkedIn, which established its own privacy and security policies. You are urged to read those polices before processing. Cape Cod 5’s website privacy and security polices do not apply to your activity on LinkedIn.
