Junior Residential Loan Underwriter

Job Details: Job Location: Gig Harbor 40 - Gig Harbor, WA, Position Type: Full Time, Education Level: High School, Salary Range: $23.09 - $33.96Hourly, Job Category: Banking, Junior Residential Loan Underwriter Department/Location: Loan Department / TBD Employee Reports to: Residential Loan Manager FLSA: Hourly; Non-Exempt position Status: Full-Time 76-80 Hours - We offer flexible hours for this role with part-time schedules available. Rate of Pay: Grade 16 / $23.09 - $33.96 per hour Summary/Objective: This position will be in training to learn how to evaluate and analyze residential loan applications to ensure compliance with company policies and regulatory requirements. The Junior Residential Loan Underwriter will learn how to review creditworthiness, income, assets and collateral to determine the level of risk. The junior underwriter will work directly with the Residential Loan Manager, Assistant Manager and Underwriting Supervisor during the training process. Upon completion of training the junior underwriter will work closely with loan officers, processors, and other team members to deliver timely, accurate decisions while maintaining excellent customer service standards. This position will have no loan approval authority. Essential Job Functions: Review and analyze loan applications and supporting documentation Analyze financial documentation, asset statements, credit-related documents and collateral documentation Assist with evaluating loan risk and making recommendations Verify accuracy and completion of all required loan documentation using compliance and underwriting guidelines Communicate with internal teams regarding application status and needed documentation Provide general administrative and operational support as needed Maintain and stay up to date on knowledge of all applicable regulations, bank policies, secondary market guidelines, and industry changes Other related tasks as assigned Qualifications: Requirements: High school diploma or equivalent Prior underwriting, finance, banking or administrative experience is a plus, but not required Strong attention to detail and organizational skills Excellent written and verbal communication skills Intermediate proficiency in Microsoft Office, especially Excel Ability to multitask and work efficiently in a team environment Strong analytical and problem solving skills Knowledge, Skills & Abilities: Ability to communicate and listen effectively. Creative thinking Ability to maintain confidentiality Able to work under deadlines and fluctuating workloads. Ability and knowledge to detect red flags that may point to fraud Ability to manage time effectively and prioritize loan files Ability to read and understand asset and loan bank statements Physical Demands: To successfully perform the essential duties of this position, an individual must be able to meet the physical demands listed below. While some absences may be protected by federal, state and/or local laws, regular attendance is an essential function of the job. Reasonable accommodation may be provided to assist individuals with disabilities to perform essential job functions. Work Environment: The duties of the job are performed on premises and in an office setting. What We Offer: Based on eligibility, Timberland Bank offers a comprehensive benefits package including medical, dental, vision, 401k, vacation/paid sick leave and other great benefits with employee only. Timberland Bank is a family-friendly employer. Our employees enjoy competitive compensation and an excellent benefits package including: Medical, Vision and Dental Insurance Paid vacation and holidays Paid Birthday Day Off Bi-weekly pay periods Paid sick leave 401k and employee stock ownership plans Paid training and advancement opportunities Numerous employees only banking benefits Disclaimer: This job description is intended to describe the general nature and level of work being performed by employees assigned to this classification. They are not intended to be construed, as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified.