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Junior Mortgage Loan Underwriter

Because Seamen’s remains a relatively small community bank, it is expected that all employees will contribute above and beyond the duties that are listed in any “job description” or “posting”.  In addition to the duties listed below, all employees are expected to perform any function necessary within the scope of expertise and authority to provide the highest level of customer service and to increase the productivity of the Bank. It is expected that all employees will continually strive to improve, by educational resources made available, especially in regard to security and compliance procedures.

Summary: Review loan application packages and make recommendations for approval or denial based on underwriting criteria.

Essential Duties and Responsibilities include the following:

  • Verify documents in loan files such as credit reports, loan applications, title, insurance policies, appraisals, and financial statements are current and accurate.
  • Serve as a liaison for the Underwriter and Processing Teams, and Mortgage Loan Officers.
  • Review loan applications and disclosures for discrepancies and regulatory and compliance guidelines.
  • Prioritize, track, and coordinate the loan underwriting process in order to meet deadlines and ensure timely submission to the underwriting team.
  • Perform credit analysis and determine repayment probability using risk management matrices.
  • Sign off on underwriting loan conditions according to underwriting guidelines
  • Proactively participate in on-going formal and informal training to learn the Bank’s residential lending policies and underwriting guidelines.
  • Review loan documentation for completeness and accuracy. Follow up with applicable parties as needed. Obtain, copy and scan pertinent information and documents.
  • Enter information into DU to determine whether a loan is eligible for delivery to Fannie Mae.
  • Analyze all documentation related to the applicant(s) ability to repay to determine if the applicant(s) meets all underwriting requirements as required by the loan policy (Portfolio); or the Selling Guide (Fannie Mae).
  • Make recommendation for approval or denial based on underwriting criteria.
  • Follow procedures and workflow in an efficient, timely, and accurate manner.
  • Assist in documenting department procedures as they relate to underwriting and workflows.
  • Assist in maintaining and providing documentation as may be needed for internal and external audits.

Qualifications and/or Educational Experience:  To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Bachelor’s Degree in business or related field and two or more years of relevant work experience, or equivalent combination of education and experience
  • Knowledge of general mortgage lending terminology, concepts and principals is a plus
  • Basic working knowledge of consumer lending compliance, documents and calculations a plus
  • Ability to read, analyze, and interpret financial reports/statements
  • Requisite mathematical skills, communication skills (verbal and written), computer skills, reasoning ability, and problem-solving capabilities expected of a mortgage underwriter
  • Ability to learn quickly and use independent judgement to apply new concepts.
  • Ability to handle confidential information
  • Ability to use Microsoft applications (Word, Excel and Outlook)
  • Strong organizational and verbal/written communication skills
  • Professional demeanor

Supervisory Responsibilities:  This job has no supervisory responsibilities.

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. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee must have the ability to sit at a computer for long periods of time and be able to place and retrieve information in and from file cabinets.

To apply, please send cover letter and resume to the attention of: hr@seamensbank.com

Seamen’s Bank is an Equal Opportunity Employer

Credit Analyst

Because Seamen’s remains a relatively small community bank, it is expected that all employees will contribute above and beyond the duties that are listed in any “job description” or “posting”.  In addition to the duties listed below, all employees are expected to perform any function necessary within the scope of expertise and authority to provide the highest level of customer service and to increase the productivity of the Bank. It is expected that all employees will continually strive to improve, by educational resources made available, especially in regard to security and compliance procedures.

Summary: The Credit Analyst contributes to the achievement of the Commercial Loan Department’s goals as it relates to revenue and portfolio growth, asset quality and compliance.

Specifically, the Credit Analyst will work closely with the commercial lenders to manage the credit risk and quality of the commercial loan portfolio.  Primary responsibility is to provide credit analysis of new and existing loans by researching and gathering information in order to prepare a loan approval memorandum, conducting financial analysis of business entities and individuals, and assigning and verifying the appropriate risk rating for new and existing borrowers.  All duties and responsibilities will be performed while adhering to Seamen’s Bank policies and procedures, and all applicable laws and regulations. Note: Training provided for right candidate.

Essential Duties and Responsibilities include the following:

  • Conduct in-depth analysis of company financial statements and tax returns to determine credit strengths and weaknesses of existing and potential borrowers.  The analysis includes, but is not limited to, business and global cash flow analysis, trend analysis, collateral valuation, guarantor analysis, and interest rate sensitivity analysis.
  • Review, analyze and interpret credit reports, personal financial statements, and tax returns.  Spread financial information utilizing financial statement spreading software.
  • Prepare credit memorandum for new loan requests, renewals, reviews, modifications, and extensions.
  • Accurately identify loan policy exceptions and mitigating factors.
  • Confer with the Senior Vice President of Commercial Lending to ensure relationships are appropriately risk rated.
  • Work with loan officers and other staff to follow-up on missing financial information and other documents necessary for the credit analysis process. 
  • Maintain a tracking mechanism for the receipt of financial information and other loan covenant requirements from borrowers and for the completion of annual reviews.
  • Coordinate with loan officers to annually request current financial information from borrowers with lines of credit and/or with larger borrowing relationships, including preparing request letters for the loan officers.
  • Provide assistance in the general administration of the commercial loan portfolio.
  • Assist with the development of in-house real estate evaluations.
  • Understand and maintain a thorough knowledge of the bank’s credit policies and compliance requirements. 
  • Maintain knowledge of State Laws and lending regulations as they pertain to commercial loans.
  • Provide other support as needed.

Qualifications and/or Educational Experience:  To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.  

  • A Bachelor’s degree (BS/BA) from a 4-year college or university which includes at least 18 credit hours of accounting/finance courses, and with 2-4 years of bank-related experience or training; or the equivalent combination of education and credit/accounting related experience.

Required Skills:

  • Ability to read, analyze, and interpret financial statements, tax returns, business periodicals, professional journals, technical procedures, laws and governmental regulations. 
  • Ability to write reports, business correspondence, and other forms of written communications as may be assigned.  
  • Effective verbal skills and the ability to present information and respond to questions from managers, customers, and the general public.  
  • Adept analytical and reasoning ability and problem-solving capabilities.
  • Detailed-oriented, with strong organizational and time management skills, and a positive attitude and commitment to outstanding service. 
  • Responsible and independent worker with strong interpersonal skills that interacts well with other employees, customers, and the general public.   
  • Ability to prioritize and multi-task.
  • Ability to handle sensitive and confidential situations and documentation.
  • Proficient computer skills

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.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee must have the ability to sit at a computer for long periods of time and be able to place and retrieve information in and from file cabinets.

To apply, please send cover letter and resume to the attention of: hr@seamensbank.com

 

 


AAP/EEO STATEMENT: Seamen’s Bank is committed to a firm policy in favor of equal employment opportunity and will abide by all applicable state and federal regulations by not discriminating against any applicant or employee on the basis of race, religion, color, creed, sex, age, national origin, citizenship status, marital status, sexual orientation, gender identity and expression, disability or veteran status.

Our commitment to equal employment opportunities shall include employment, upgrading, promotion, demotion, transfer, leaves or other absences from work, layoff, compensation and benefits, selection for training or other education, professional opportunities and conflict resolution.

It is also the policy of Seamen’s Bank to take affirmative action to employ and to advance in employment, all persons regardless of their status as woman, minority or individuals with disabilities or protected veterans, and to base all employment decisions only on valid job requirements. Please inform us of any necessary accommodations required during the application process and/or at any time during employment.

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Seamen's Bank
NMLS ID# 419878
Routing# 211373461