About TD Bank, America's Most Convenient Bank®
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.tdbank.com. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US .
TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit www.td.com . Department Overview This position is in the HELOC Renewal department. Job Description
The position of Loan Underwriter is primarily responsible for: Mortgage Operations - Underwriting and evaluating conventional, FHA, VA, and CRA Residential Mortgage applications in compliance with bank policies and procedures or Consumer Operations - Underwriting and evaluating Home Equity and Consumer Loans.
Job Requirements •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
#LI-HB1 Qualifications •High school diploma or GED required
•1-2 years underwriting experience and/or 2 + years of loan processing experience.
•5+ years of loan processing experience preferred.
•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.
This position falls within the definition of Loan Originator as defined under Regulation Z of the Truth in Lending Act, 12 CFR Part 1026.36, and the definition of Mortgage Loan Originator as defined under the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act), 12 U.S.C. •• 5102 et seq., and its implementing regulations, 12 CFR Part 1007.
• Must be eligible for employment with a covered financial institution under the standards established by Regulation Z of the Truth in Lending Act, 12 CFR Part 1026.36.
• Must be eligible for registration as a registered mortgage loan originator with the NMLS (Nationwide Mortgage Licensing System and Registry) in accordance with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act), 12 U.S.C. •• 5102 et seq., and its implementing regulations, 12 CFR Part 1007.
• A satisfactory criminal background check, credit report, and statements from job applicant regarding administrative, civil, or criminal findings by any government agency are required by federal law for this position. Hours 830 am - 500 pm Inclusiveness
At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live in and serve, and creating an environment where every employee has the opportunity to reach her/his potential.
If you have a disability that requires an accommodation to complete the application process, please e-mail TD Bank's HR Compliance Department at email@example.com. Please include your full name, contact information and details about your request within the e-mail.
EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.
**Province/State (Primary) New Jersey City (Primary) Mount Laurel
A little about us:
TD Bank is creating and sustaining a diverse and inclusive workplace that reflects the people, cultures and languages of the communities we serve.