Sound Community Bank is looking for experienced Residential Loan Underwriter to join our team!

We are a great place to work!

At Sound Community Bank, we pride ourselves on taking as good care of our employees as we do our customers. We're about more than just the bottom line; we maintain a solid reputation as a quality employer.

We operate on the basis of teamwork, with all employees working toward the common goal of quality customer service. We strive to provide effective benefits and programs that allow employees to participate in the success of the bank. We are committed to becoming a learning organization, so that our employees can develop and enhance their skills with the understanding that employees will also accept responsibility for personal development.

 We are a company that:

• Values you as a person
• Offers strong medical and dental benefits
• Has generous incentive programs
• Rewards creative thinking
• Pays competitive salaries

We are interested in hiring top candidates who believe in quality customer service and will take responsibility for their own career path. If this is a work environment that appeals to you, please consider a job opportunity with our company.

Sound Community Bank is committed to providing a safe, warm, and welcoming place for all.  

Diversity, Equity and Inclusion (DE&I) is important to us here at Sound Community Bank. For us, diversity means recognizing, respecting and valuing differences based on ethnicity, gender, color, age, race, religion, disability, national origin, and sexual orientation and identity. Beyond that, it also includes an infinite range of individual unique characteristics and experiences, such as communication style, career path, life experience, educational background, income level, marital status, military experience, parental status and other variables that influence personal perspectives. These life experiences and personal perspectives make us react and think differently, approach challenges and solve problems differently, make suggestions and decisions differently, and see different opportunities. Diversity, then, is also about diversity of thought. The Bank’s goal is to create and sustain an actively inclusive community and culture to promote a welcoming and enriching environment for all.  

Sound Community Bank Corporate Values

 Our employees are our most important asset.

• We act with integrity
• We treat everyone with respect
• We invest in our employees
• We operate with flexibility and fun
• We provide superior service

Results matter.

• We achieve a fair return for all stakeholders
• We use bank resources wisely
• We focus on the achievement of company goals and objectives
• We strive for constant improvement

Community is our heart.

• We serve the needs of our communities
• We make financial contributions
• We volunteer
• We encourage participation

Access and sustainability are critical.

• We make things easy
• We promote and foster sustainability through

              Financial Stewardship

              Excellence in the Workplace

              Environmental Consciousness

              Community Support

POSITION DESCRIPTION

The Residential Loan Underwriter I performs the following duties: underwrites and administers residential real estate loans according to Bank Policy and investor guidelines; and provides superior service to clients, teammates, and vendors. The Residential Loan Underwriter I demonstrates a broad understanding of the residential lending industry. This position requires limited prior experience underwriting to the secondary market, but demonstrated ability to conduct credit and income analysis, compliance knowledge and a risk management aptitude. The position typically maintains a smaller pipeline and underwrites fewer complex applications than more senior underwriting positions. 

POSITION QUALIFICATIONS

A Bachelors’ degree is preferred, plus a minimum of 1 to 3 years of progressively responsible loan processing or underwriting experience. An equivalent combination of education and experience may be considered. A high degree of proficiency in accounting, legal, administrative and computer database skills is required. Skill competencies required include, but not limited to:

• Excellent customer service and interpersonal skills
• Strong critical thinking and analysis skills
• Excellent verbal and written communication skills
• Strong organizational and multi-tasking skills in a fast-paced environment
• Excellent proofreading skills with a strong attention to detail
• Ability to work both independently and as a team player
• Practice flawless ethical behavior and understands the need for confidentiality
• Must be proficient in Microsoft Office Suite (Outlook, Excel, Word, etc.)
• Must have an overall understanding of Bank operations and regulatory compliance, including the Bank Secrecy Act

RELATIONSHIPS AND CONTACTS

Within Organization

The Residential Loan Underwriter I maintains a close working relationship with the Residential Loan Officers, the Residential Loan Processors, the Compliance Officer, the Quality Control Specialist and the Credit Administration Manager. The position will also work cross-departmentally with Secondary Marketing. 

Outside Organization

Position has infrequent contact with third-parties, such as: borrowers, employers, and bank vendors. Infrequently, the Residential Loan Underwriter I will communicate with external auditors. 

POSITION RESPONSIBILITIES

Responsibility #1    Underwrite Loan Submissions    

Expeditiously perform initial underwrite of loan submissions. This includes, but is not limited to:

• Conduct data integrity reviews to ensure the files reflect the supporting documentation
• Reviews files for eligibility with respect to the FNMA Selling Guide,  any investor overlays or to Bank Policy
• Accurately analyzes credit files including but not limited to: Income, assets, debts and credit history.
• Uses established fraud detection systems effectively
• Conducts thorough review of property appraisals and communicates any features that are outside of secondary market guidelines.
• Uses sound judgement when approving or declining loans and does so within policy guidelines.
• Keeps current with industry underwriting changes and make recommendations to the Underwriting Manager as needed.
• Maintains file review turn time according to department expectations.
• Provides excellent customer service to internal and external customers.

Responsibility #2    Customer Service  

Provide superior customer service to the Residential Loan Officers, clients and vendors. This includes, but is not limited to:

• Communicate information to the Residential Loan Officer, Residential Loan Processor or vendor to ensure a loan’s timely and efficient flow through the pipeline.
• Maintains a working knowledge of and ensure compliance with the secondary market requirements and Bank Policy.
• Provides support to staff, clients, branches and other departments with problem resolution and/or recommendations for procedure revisions.
• Manages sustainable processes within residential lending; supports new products, corporate or divisional initiates; responds to changes in the market.

Responsibility #3    General Duties   

Provide general assistance within the Credit Administration Department. Duties may include, but are not limited to the following:

• Attend and participate within Credit Administration and Compliance meetings.
• Consistently follows compliance, security, and internal guidelines to ensure accuracy and quality of each transaction.
• Works with examiners/auditors as needed by answering questions and gathering data.
• Manage and prepare reports on the Residential Loan Pipeline.

Sound Community Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability status, protected veteran status, or any other characteristic protected by law.

EEO is the Law