USAmeriBancorp

Portfolio Underwriter

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

Qualifications

  • 5 years of underwriting experience, specifically in non-conforming or portfolio markets.
  • Strong understanding of self-employed income verification through tax returns.
  • Expert knowledge of collateral evaluation including unique properties.
  • Experience in condominium and cooperative lending practices.
  • Excellent prioritization skills for managing multiple tasks.
  • Strong verbal and written communication skills.

Responsibilities

  • Conduct thorough review of all property elements and collateral documentation.
  • Ensure compliance with portfolio and investor requirements.
  • Adhere to credit policies and procedures in underwriting processes.
  • Analyze tax returns to determine self-employed income.
  • Document underwriting decisions clearly and comprehensively.
  • Prepare customer commitment documents with necessary conditions.

Benefits

  • Support for continuing education and professional development.
  • Opportunities for career advancement within the company.
  • Flexible work environment that promotes work-life balance.
  • Collaborative team culture with a focus on innovation.
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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