TD Bank Loan Underwriter IV (US) in Mount Laurel, New Jersey
Loan Underwriter IV (US)
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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 .
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The Underwriter IV underwrites and evaluates the most complex conventional, FHA, VA, and CRA Residential Mortgage applications in compliance with bank policies and procedures. This job also underwrites and evaluates Home Equity and Consumer Loans.
4 Year Degree or equivalent experience preferred
5-7 Years of related experience
Strong knowledge of local market sector and industry trends
Ability to understand and interpret real estate appraisals
Ability to identify, analyze and mitigate project risks
Advanced written and verbal communication skill
General knowledge of Microsoft Office Suite
Strong interpersonal and negotiation skills
Strong Focus on documentation and risk management
Demonstrated ability to complete complex tax return analysis to determine cash flow income
History of underwriting complex jumbo loans in addition to thorough knowledge of agency guidelines Hours: M - F Job Description:
Underwrites complex residential mortgage loans and evaluates risk while ensuring the quality of each loan submitted
Senior level loan decision authority, reviews and underwrites most complex portfolio loans – CEMA, Med/Pro, Construction, Jumbo and Wealth
Approves loans, issues alternative options, or adverse action accordingly using sound judgment while applying bank policies and procedures within risk tolerance
Independently considers, recommends and discusses alternative structures and overall assessments
Evaluates all documents and conditions loan accordingly
Identifies loans for exceptions while ensuring proper procedures are followed for approval and documentation; clears or resolves any issues
Escalates integrity issues as appropriate 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.
Indirect supervisory authority; coaches and mentors junior underwriters; assists with training and assesses analysis prepared for accuracy and compliance with policy, guidelines and procedures in all prepared loan recommendations to arrive at an appropriate credit decision
Obtains and reviews financial information and provide in-depth credit analysis practices
Acts as a subject matter expert in the most complex lanes or work 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 their potential.If you are a candidate with a disability and need an accommodation to complete the application process, email the TD Bank US Workplace Accommodations Program at USWAPTDO@td.com . Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity. Province/State: New Jersey City: Mount Laurel Work Location: Mount Laurel - 12000 Horizon Way Business Line: TD Bank AMCB Job Category - Primary: Operations & Underwriting Job Category(s): Operations & Underwriting **Province/State (Primary): New Jersey City (Primary): Mount Laurel Job Family: Credit Underwriting / Adjudication and Support Time Type: Full Time Employment Type: Regular Hours/Availability Detail: 40 Work Remotely: Statewide
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