Residential Underwriting Specialist

Residential Underwriting Specialist

The Residential Underwriting Specialist assumes responsibility for underwriting residential loans based on requirements included in loan policy, residential lending, and secondary market guidelines. Responsibilities include analyzing the integrity of the mortgage file and using discretion for appropriate underwriting practices and exceptions. Calculates income from various sources and complies with underwriting guidelines. Reviews loan parameters in the Encompass system and remits through Loan Prospector Advisor for automated underwriting decision. Underwrites per Loan Prospector Advisor feedback, CFPB Appendix Q, and bank loan policy guidelines. Approves loans within permitted loan authority level. Formulates, affects, interprets bank policies and operational procedures. Enthusiastically supports the bank's guiding principles and brand behaviors. Adhere to federal regulatory requirements, such as the Anti-Money Laundering and Bank Secrecy Acts, and all established policies and procedures. Uses discretion and independent judgement when analyzing the mortgage application file to determine credit risk to the bank. Resolves internal and external customer problems. Reviews and manages cancelled, withdrawn and denied loans files in compliance within lending guidelines and the Home Mortgage Disclosure Act (HMDA). Perform other duties as requested.

Required Education & Experience :

• Minimum of a high school degree or the equivalent.
• 1 to 3 years of underwriting experience preferred.
• At least two years of a college education preferred.
• Knowledge of bank lending policies and secondary market underwriting guidelines.
• Experience with Encompass, Jack Henry, and Synergy preferred.

Physical Demands and Work Environment :

Schedule Expectations :

Required Travel :

AAP / EEO Statement : Bar Harbor Bank & Trust is an Equal Opportunity Employer, Minority / Female / Disability and Protected Veteran. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.