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Consumer Loan Underwriter
Ref No.: 18-00003
Location: Middletown, New York
Position Type:Direct Placement
Start Date: 01/11/2018
Our client, a financial institution located in Middletown, NY is looking for a Consumer Loan Underwriter.

The Consumer Loan Underwriter will be responsible for loans and processing various loan applications. Will gather background information and analyze loan applicant's credit history, as well as approve or deny loan applications based on analysis. 

  • Maintain a thorough understanding of the organization Policy Manual and underwrite loans that fall within those parameters.
  • Gather background information on loan applicants by obtaining credit bureau reports and contacting loan applicants when necessary.
  • Assist Financial Service Representatives with the loan application process to ensure completeness of information.
  • Pull credit reports for all accounts, verify debts, and estimate monthly payments for outstanding debts not listed and add them to debts on application.
  • Calculate debt-to-income ratios on loan applicants and how much of a loan applicant's debt is secured or unsecured.
  • Determine collateral needs and payment plans for members applying for loans.
  • Approve or deny loan applications.
  • Explain reasons for declines and provide counter offers whenever possible.
  • Process adverse action notices for declined loans
  • Verify the accuracy of loan amounts and repayment terms on approved loan applications.
2 year college degree preferred plus two to three years of experience in Mortgage/Home Equity underwriting; or a comparable combination of education and experience.
Knowledge of accounting principles, underwriting and compliance guidelines, and good communication skills.
Experience using P.C. based software including Microsoft Word and Excel.

If you or someone you know has the experience required please email:

Andrea Diaz

*Knapp Consultants is an Equal Opportunity Employer - Minority/Female/Disability/Veteran/Current Unemployment Status. EEO is the Law

About Knapp:
Knapp Consultants Inc., established in 1985, is a leading national recruitment firm headquartered in Rock Tavern, New York with a branch office in Virginia. The firm has an established presence in several major markets throughout the United States as well as specific global markets. 
Our commitment to integrity and quality has earned Knapp a distinguished reputation.  Knapp holds a New York State license, a rigorous and voluntary program. 
Our extensive industry associations give us insight to a broad range of industries and services, enabling our recruiters to best meet your recruiting needs.
The vision of Knapp Consultants, a Human Resources Company, is to offer superior recruitment, and contract staffing, and Human Resources services to meet the ever-changing needs of our clients.