Work Location:
Lewiston, Maine, United States of America
Hours:
40
Pay Details:
$29.75 - $47.75 USD
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:
Credit Management
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.
Who We Are:
TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we strive to make every interaction, product, and experience remarkably human and refreshingly simple for over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience. TD is deeply committed to being a leader in client experience, that is why we believe that all colleagues, no matter where they work, are client facing. Together, we are reimagining what banking can be for our clients, colleagues and communities.
Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition. Learn more
Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.
Colleague Development
If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.
If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.
We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.
Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.
Interview Process
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.
Accommodation
TD Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law.
If you are an applicant with a disability and need accommodations to complete the application process, please email TD Bank US Workplace Accommodations Program at [email protected] . Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.
