The Residential Real Estate Mortgage Underwriter role is an opportunity for a talented experienced individual to join a fast paced, strategic growth environment within Citi Private Bank. An important role within the Residential mortgage lending team within the organisation. You will be part of a forward thinking team who provide solutions to clients on their residential property financing needs. You will be an experienced professional with comprehensive knowledge of the mortgage lifecycle and will work closely with internal and external business partners in order to drive business, whilst considering the risk and return for the Bank.
Responsibilities:
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Citi Private Bank Residential Real Estate Mortgage Underwriter will serve as the primary client contact for the mortgage throughout process, from initiation of inquiry to closing, maintaining proactive communication with client, Transactor and Private Banker at all times.
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Includes preparation, maintenance and communication of pipeline.
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Primary point of client contact for obtaining credit documents and clearing underwriting conditions.
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Serve as "product champion" for assigned business and as the primary resource to accumulate and communicate product information.
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Provide regular input to the Private Bankers, Associate Bankers and management in terms of MIS, competitive feedback, key client status reports, promotional opportunities, etc.
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Being responsible for all activities from registering applications through underwriting submission.
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Reviewing and following up on a frequent basis to process trailing documents as needed.
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Ability to obtain relevant information from clients, realtors, builder, title companies, appraisers, bankers, accountants or anyone associated with the origination process.
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Functioning as part of a deal team that requires effective participation and contribution. The position requires the individual to independently exert leadership and effectively orchestrate the assigned portion of the mortgage process.
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Excellent understanding of all aspects of loan programs and internal and external guidelines.
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Meet assigned qualitative and quantitative MBO's, as determined by line and product management jointly.
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Support, on specified basis, back-up needs for Loan Officer colleagues from other businesses / regions.
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Working knowledge ability to understand and interpret complex tax returns and cash flow statements to determine income.
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Understanding of complex mortgage structuring
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Attending regular Global Manager and Region Manager meetings and present product detail to Bankers.
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Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
Qualifications:
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A good track record of experience in a similar role.
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Previous experience as an underwriter in the mortgage industry with a proven successful track history of results, Familiarity with all aspects of the mortgage origination process, including processing, underwriting, and closing.
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Familiarity with all aspects of the mortgage origination process, including processing, underwriting, and closing.
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Excellent written and verbal communication skills; and a high level of interpersonal and consultative skills.
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Strong team, client and service orientation.
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Problem solving ability / basic credit analysis skills.
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High level of mortgage product knowledge
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Certificate in Mortgage Advice and Practice (CeMAP) Level 3
Education:
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Bachelor's/University degree, Master's degree preferred
Candidates applying for this role must be aware that it is a Certified Role, subject to the Certification Regime. The Certification Regime is one element of the Individual Accountability Regime which has come into effect on 7 March 2016. Under the Certification Regime, certain Citi entities must ensure that employees working in certain roles categorised as specified significant harm functions (Certified Roles) are assessed as fit and proper to carry out their role.
Under the guidance provided by the FCA and PRA, firms should have regard to the following when assessing fitness and propriety:
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Honesty, integrity and reputation
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Financial soundness
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Competence and capability
In order to comply with the requirements of the Certification Regime, certain Citi entities must take reasonable care to ensure that an employee does not perform a Certified Role without first being certified as Fit and Proper. For this reason, you will be assessed for this role against the Fit and Proper requirements, as described above. This assessment will be carried out through extensive interviews, self-disclosures, permitted criminal record checks, reference checks, credit checks and other background checks. If hired for this role, you will also be required to complete an annual declaration regarding your Fitness and Propriety.
By submitting your application, you acknowledge that you have read the information above and that you are applying for a Certified Role. You also agree to Citi carrying out any additional screening required, including permitted criminal record checks, reference checks, credit checks and any other background checks.
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Job Family Group:
Private Client Product Services
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Job Family:
RRE Mortgage Sales
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Time Type:
Full time
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Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
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