Jr. Underwriter

At Open Bank, we pride ourselves on being different and OPEN to new ideas and opportunities for our clients and employees.

We celebrate innovation, diversity, teamwork, excellence and integrity. We are an equal opportunity employer and offer competitive compensation and benefits package to recruit, retain and reward top talent. We would like to be your partner in success and happiness!

Join our TEAM - Together Everyone Achieves More

Job Title: Jr. Underwriter
Department: Home Loan Center

We are looking for Jr. Underwriter to join our team. The Jr. Underwriter will be responsible for analyzing mortgage loan applications and assessing potential risks based on the provided information. Make recommendations to the Senior Underwriter and/or Operations Manager for loan approval or denial based on the established guidelines and compliance standards.

Key Responsibilities:

• Support the Home Loan Center team in conducting credit analysis, financial spread assessments, and appraisal reviews to evaluate the borrower's capacity to repay the mortgage debt.
• Review mortgage loan applications for accuracy and completeness, validating that all necessary information and supporting documentation match and are in order.
• Verify borrower's ownership in refinance transactions and the seller's ownership in purchase transactions. Ensure there are no unpaid liens or judgments, and that they are addressed through the transaction.
• Support in reviewing appraisals to ensure they meet company guidelines and underwriting requirements.
• Assist in ensuring that all underwriting decisions are following company policies, procedures, and applicable regulations.
• Assist in ensuring all documentation within the loan file is complete and satisfactory for credit approval and condition sign-off.
• Support communication with borrowers, brokers, builders, appraisers, title officers, and escrow officers as needed.

Requirements/Qualifications:

• Bachelor's degree in Business Administration or related field or equivalent experience required.
• Minimum 5 years of experience in banking and/or lending preferred.
• Must be able to work independently without constant supervision.
• Experience in retail/lending sales and customer service functions is a plus.
• Working knowledge of computers, related business programs and banking systems.
• Use of word processing, spreadsheet software applications, core banking process systems, e-mail and on-line banking programs.
• Good written and oral communication skills; ability to communicate effectively and project a professional image when giving and taking information in writing, in person, and over the phone.
• Ability to respond effectively to the most sensitive inquiries or client complaints.
• Present a professional image in dealing with customers, interdepartmental, and external representatives.
• Accurate typing/keyboarding skills; basic computer skills, including the use of word processing, spreadsheet software applications, core banking process systems, e-mail and on-line banking programs.

Employee Benefits & Perks

• Medical, Dental, & Vision: Open Bank offers medical, dental, and vision insurance for all full-time employees and their immediate family members. Employees become eligible for insurance benefits on the first of the month following their hire date.
• Life, Accidental Death & Dismemberment, & Long-Term Disability: Open Bank pays 100% of the cost.
• Flexible Spending Account (FSA): Tax-advantaged financial accounts are offered for employees to pay for eligible out-of-pocket expenses (health, dependent care, transit, and parking) with pre-tax dollars.
• 401(k) Retirement Savings Plan: Open Bank matches 100% of the first 6% of employees' contributions. Employees are eligible to participate on the first of the month following 90 days of employment.
• Paid Time Off (PTO): Employees begin to accrue PTO hours at the time of hire to use for vacation, illness, or other personal reasons.
• Employee Assistance Program (EAP): The EAP offers counseling sessions, online tools and resources, and legal and financial guidance for employees and their family.
• Company Paid Lunch: Open Bank provides company paid lunch twice a week.

To view current job openings, please visit Open Bank Careers Page: https://myopenbank.com/about/#