Western Alliance Bank

Mortgage Underwriter

Req No.
2017-3761
Alliance Association Bank
Category
Other
Type
Regular Full Time
Chandler

Overview

The position of a Mortgage Underwriter is responsible for underwriting and coordinating the closing of residential mortgage loans in accordance with Jumbo, FNMA, FHLMC guidelines and investor standards. The Underwriter will be housed in our Mortgage Warehouse Lending Group--our business unit serving independent mortgage bankers throughout the United States.   Additionally the Mortgage Underwriter promotes business for the Bank by maintaining good customer relations and referring customers to appropriate staff for new services.

Responsibilities

 

  • Underwrites residential mortgage loans in accordance with Jumbo, FNMA, FHLMC guidelines and investor standards.
  • Demonstrates proficiency in automated underwriting applications and ability to assess results.
  • Performs pre-qualification assessment and analysis of financial condition and risk of financing requests by analyzing borrower profiles, credit reports, title reports, income documentation and assets, including complex buisness returns and financials.
  • Structure loans according to lender requirements and credit quality.
  • Review appraisals for accurate property valuation.
  • Gathers and analyzes all information necessary to present a financing request to senior management including marginal loans and providing concise summary of risks and compensating factors.
  • Coordinates processing of approved loans; ensures loans are processed according to agreement, customer needs and conform to Bank lending policies; obtains sufficient information and/or documentation from customers; solves problems relative to processing and servicing of loans within his or her portfolio; provide  updates, clarification on oustanding conditions and deficiencies identified on loans, and assist in interpreting underwriting guidelines.

 

Qualifications

  • Minimum of (7) years in mortgage lending operations with at least (5) years in an underwriting role. 
    • Bachelor’s degree (BA) from a four (4) year college or university preferred.
  • Experience, knowledge and training in all lending activities and terminology including risk management.
  • Knowledge of commercial, construction, real estate and consumer loan processing, specifically with Jumbo, FNMA, and FHLMC.
  • Proficiency with DU and LP
  • Advanced knowledge of related state and federal lending and compliance regulations, and other Bank lending policies. 
  • Strong Microsoft Office skills, including Excel.
  • Self-starter, self-reliant, dependable, ability to work within and meet specific time constraints.
  • Flexibility in decision making with strong problem solving skills.
  • Effective oral, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, interpret documents, understand procedures, write reports and correspondence, speak clearly to customers and employees.

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