USAmeriBancorp

Portfolio Underwriter

USAmeriBancorp • $70K — $95K *
Wayne, NJ 07470In-Person
Finance & Insurance
5 - 7 years of experience
More than 3 months ago
Job Overview by Ladders

Qualifications

  • Strong knowledge of underwriting for self-employed individuals.
  • Experience with unique properties and understanding of collateral and appraisals.
  • Familiarity with condominium and cooperative lending processes.
  • Proficient in multitasking and prioritizing responsibilities.
  • Excellent verbal and written communication skills for effective presentations.
  • Ability to lift loan files up to 10 pounds.

Responsibilities

  • Conduct comprehensive reviews of collateral and property elements.
  • Ensure compliance with portfolio and investor standards.
  • Adhere to credit policies and procedures in underwriting processes.
  • Analyze tax returns to generate self-employed income assessments.
  • Document underwriting decisions clearly.
  • Prepare customer commitments detailing additional conditions.

Benefits

  • Opportunity for professional growth in a specialized area of underwriting.
  • Work with a diverse portfolio of unique properties.
  • Engage in a dynamic team environment.
  • Develop expertise in compliance and risk management best practices.
Full Job Description
Responsibilities include but are not limited to:
  • Comprehensive review of collateral and all property elements.
  • Ensure portfolio and investor compliance.
  • Ensure credit policy and procedures are followed.
  • Generate self employed income through tax return analysis.
  • Clearly document underwriting decision.
  • Prepare customer commitments to be issued detailing additional conditions.


Required Skills:
  • Demonstrated strong knowledge of underwriting self employed individuals.
  • Demonstrate full knowledge of collateral and appraisal understanding and have experience with unique properties.
  • Full knowledge of condominiums and cooperative lending.
  • Ability to prioritize tasks and handle multiple tasks simultaneously.
  • Good verbal and written communication skills. Ability to effectively present information in one-on-one and small group situations.
  • May be required to lift loan files up to 10 pounds.

Required Experience:
  • High School Diploma or GED and a minimum of five years non-conforming/portfolio underwriting experience.
  • Associate's Degree preferred.

About USAmeriBancorp

Valley National Bancorp, doing business as Valley Bank, is a regional bank holding company headquartered in Wayne, New Jersey with approximately $42 billion in assets. Its principal subsidiary, Valley National Bank, currently operates over 230 branch locations in northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, and Queens, as well as Long Island, Florida, and Alabama. Valley Bank holds approximately $29 billion in assets. ,Valley Bank is one of the largest commercial banks headquartered in New Jersey.
Learn more about USAmeriBancorp
Industry
Legal & Accounting
* Ladders Estimates

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