Work Location:

Hours:

Pay Details:

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:

Job Description:

The Loan Underwriter II (Project Underwriter II) underwrites and evaluates condominiums, cooperatives, and PUD projects for Residential Mortgage applications in compliance with GSE/Investor/Portfolio guidelines, bank policies, and procedures.  

Depth & Scope:

• Underwrites all types of income, all product types including ethical and salable residential mortgage loans and consumer loans and evaluates risk while ensuring 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 conditions loan accordingly; informs Processor of any additional items necessary to substantiate loan request
• Demonstrates in-depth knowledge of regulatory, investor and departmental lending policies for underwriting of conventional loan requests
• Identifies loans for exceptions while ensuring proper procedures are followed for approval and documentation; assists in clearing or resolving any issues
• Manages 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
• Coaches and mentors assigned operations staff; assists with training and guidance as assigned

Education & Experience:

• High school diploma or GED required; 2 year degree or equivalent experience preferred
• 2+ years  underwriting experience
• Advanced knowledge of loan underwriting documentation requirements
• Knowledge of Agency DU automated underwriting system; must also be familiar with underwriting larger, more complex and specialty products
• Ability to effectively communicate with all types of personalities and the ability to provide excellent customer service to both internal and external customers
• Superior oral and written communication skills
• Excellent PC skills
• In-depth knowledge of CRA products and industry
• 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

Preferred Qualifications:

• Project Underwriting experience strongly preferred, including condominium, cooperative, and attached PUD project reviews.
• Demonstrated experience performing Established Project Reviews, New Construction, Full Review, Limited Review, and Waiver of Review.
• Strong working knowledge of Fannie Mae, Freddie Mac, FHA and other investor requirements.
• Experience analyzing project financial statements, budgets, reserve studies, insurance policies, legal and governing documents, engineering reports, meeting minutes, and special assessments.
• Ability to identify and assess project risks, including deferred maintenance, structural concerns, reserve funding adequacy, insurance deficiencies, litigation, and special assessments.
• Proven ability to prioritize work and maintain accuracy in a fast-paced, high-pressure environment with competing priorities.
• Strong verbal and written communication skills, with the ability to clearly articulate project eligibility decisions, requirements, and risk considerations to internal and external stakeholders.
• Strong partnership and customer service skills, with the ability to navigate challenging conversations professionally while supporting customer closing timelines and business objectives.
• Prior mortgage credit underwriting experience preferred

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 – Frequent
• Walking – Frequent
• Moving safely in confined spaces – Occasional
• Lifting/Carrying (under 25 lbs.) – Occasional
• Lifting/Carrying (over 25 lbs.) – Never
• Squatting – Never
• Bending – Occasional
• Kneeling – Never
• Crawling – Never
• Climbing – Never
• Reaching overhead – Occasional
• 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 required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.