Loan Underwriter

About this role

• **REPORTS TO:** Assistant Vice President of Lending - Underwriting **LOCATION:** Corporate/Hybrid **DATE:** October 21, 2026 **JOB DESCRIPTION** Analyze and evaluate 1-4 family residential mortgage loans, as well as the supporting documentation to assess a borrower's creditworthiness, willingness and ability to repay while ensuring compliance with Federal, company and secondary market compliance and guidelines.
• **Responsibilities / Essential Functions:** * Perform mortgage credit analysis, with or without the assistance of an automated underwriting system to determine borrower's willingness and ability to repay the mortgage debt.
• * Review application packages to ensure loans meet company standards for sale to investors * Examine overall loan documentation to ensure accuracy and completeness.
• Run, review and interpret automated underwriting system (AUS) findings, when applicable.
• * Review and specify loan conditions as necessary.
• * Recommend approval, denial or counteroffer of credit applications and provide written and verbal decision documentation to support the lending decision.
• Communicate with processing and loan originators to provide updates, clarification on outstanding conditions and deficiencies identified on loans, and assist in interpreting underwriting guidelines.
• * Manage team and individual pipelines on a daily basis by completing new underwriting reviews, condition reviews, and other underwriting tasks within established turn times.
• * Ensure AUS, 1003 and 1008 align and match underwriting conditions.
• * Assist in providing training for, and mentoring of, newly hired team members.
• * Maintain confidentiality of all loan application information.
• * Keep abreast of regulatory changes that affect the underwriting process.
• * Assist Management with audit and examination responses.
• * Complete all assigned compliance training in a timely manner.
• * Participate in ongoing training programs as required.
• * Assist with the preparation of lending reports.
• * Assist in critiquing of loan policies during the annual review process.
• * Attend and participate in loan committee meetings.
• * Compliance with all government regulations including the Bank Secrecy Act and related regulations.
• **Desired Characteristics:** * Current DE and LAPP/ SAR certifications * Experience underwriting conventional, VA, FHA and USDA loans.
• * Experience underwriting Construction and Renovation loans **Competencies:** * Knowledge of Secondary Market documentation and general guidelines and standards.
• Ability to evaluate and analyze complex income tax returns to establish qualifying income.
• * Strong decision making, analytical and investigative abilities with attention to detail and accuracy.
• * Good working knowledge of the mortgage loan process; from application to closing.
• * Good analytical, organizational and communication skills.
• * Computer skills include word processing and spreadsheets.
• * Ethical Practice - Being in accordance with the rules or standards for right conduct or practice; following processes, procedures, policies, laws and regulations that govern the Bank; moral uprightness; honesty.
• * Integrity - o Behavioral: Doing the right thing; acknowledge mistakes and demonstrate accountability for actions; o Job based: Ensuring accurate data throughout the organization.
• * Communication - o Delivering messages: Ability to deliver clear and accurate messages across a variety of mediums to audiences of all sizes and backgrounds.
• Ensures that the delivered message is clear and understood by the listener.
• o Listening: Understands the information provided by others.
• Listen actively and to others' views and concerns.
• Seeks further information to clarify ambiguity.
• * Teamwork - Positively, respectfully and openly participates in the collaborative effort of a group to achieve a common goal.
• Be committed to building an encouraging, caring and supportive environment.
• Provide mutual support; be open minded to others' suggestions and contributions.
• **Required Education and Experience:** * Degree in business, banking, finance or a related field.
• * Minimum of two (2) years of underwriting experience; four (4) years without a degree.
• * Knowledge of state and federal regulations is required as well as a solid understanding of: ECOA, FHAct, FCRA, FACTA, HMDA, HPA, RESPA, Servicemembers Civil Relief Act and Regulation Z.
• * Experience with automated underwriting systems.
• * Proficient in Microsoft Office Suite (Word, Excel, Outlook) and the ability to learn and use job specific applications.
• **Position Type:** This is a full-time position.
• Business hours of operation and scheduled workday may include Saturday.
• Must be willing to adjust work hours based on loan volume, including working overtime as needed.
• **Travel:** * As required **Physical Demands:** The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
• The employee must occasionally lift or move office products and supplies up to 20 pounds.
• **Other Duties:** Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job.
• Duties, responsibilities and activities may change at any time with or without notice.
• **AAP/EEO Statement:** First Federal Savings of Lorain is an Equal Opportunity Employer Disabled/Vet

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