Loan Underwriter I - Home Equity

• *Work Location:** Mount Laurel, New Jersey, United States of America

• *Hours**

40

• *Pay Details**

$25.75 - $38.50 USD TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs. As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

• *Line Of Business**

Credit Management

• *Job Description**

The Loan Underwriter I is primarily responsible for: Mortgage Operations: Underwriting and evaluating conventional, FHA, VA, and CRA Residential Mortgage applications in compliance with bank policies and procedures. Consumer Operations: Underwriting and evaluating Home Equity and Consumer Loans

• *Depth & Scope**

• Underwrites ethical and salable residential mortgage and consumer loans and evaluate risk while insuring the quality of each loan submitted

• Approves loans, issues alternative options, or adverse action accordingly using sound judgment while applying bank policies and procedures
• Validates the data entry to the appropriate Loan Operating System and evaluates all applicable documentation as required by job function and condition
• Demonstrates In-depth knowledge of regulatory, investor and departmental lending policies for underwriting of conventional loan requests
• Evaluates all documents and condition loan accordingly.

Inform Processor of any additional items necessary to substantiate loan request

• Identifies loans for exceptions while ensuring proper procedures are followed for approval and documentation and assists in clearing or resolving any issues
• Notifies Management of integrity issues and ensures files are compliant to internal guidelines and external regulatory requirements
• Maintains knowledge of loan product guidelines, internal policies and procedures, and regulatory requirements
• May coach and mentor assigned operations staff and assists with training and guidance as assigned by Underwriting Manager
• *Education & Experience
• High school diploma or GED required
• 1-2 years underwriting experience and/or 2 + years of loan processing experience
• Working knowledge of loan underwriting and documentation requirements
• Knowledge of Agency Guidelines and DU automated underwriting system and the ability to provide excellent customer service to both internal and external customers
• Excellent oral and written communication skills
• Solid PC skills
• Knowledge of regulatory, investor and departmental lending policies for underwriting
• Knowledge of CRA products and industry
• Detail oriented, possessing excellent organizational, analytical and decision making skills
• Ability to communicate with multiple business partners in the organization
• Ability to handle heavy workload, multitask and meet stringent deadlines
• *Physical Requirements

Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%

• Domestic Travel – Occasional
• International Travel – Never
• Performing sedentary work – Continuous
• Performing multiple tasks – Continuous
• Operating standard office equipment - Continuous
• Responding quickly to sounds – Occasional
• Sitting – Continuous
• Standing – Occasional
• Walking – Occasional
• Moving safely in confined spaces – Occasional
• Lifting/Carrying (under 25 lbs.) – Occasional
• Lifting/Carrying (over 25 lbs.) – Never
• Squatting – Occasional
• Bending – Occasional
• Kneeling – Never
• Crawling – Never
• Climbing – Never
• Reaching overhead – Never
• Reaching forward – Occasional
• Pushing – Never
• Pulling – Never
• Twisting – Never
• Concentrating for long periods of time – Continuous
• Applying common sense to deal with problems involving standardized situations – Continuous
• Reading, writing and comprehending instructions – Continuous
• Adding, subtracting, multiplying and dividing – Continuous The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills req

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