Sr. Mortgage Loan Underwriter

Is it surprising to hear that a financial institution of 1.5 million members and over $30 billion in managed assets say that success comes from focusing on people, not profits?

Our “people helping people” philosophy has guided us since 1935, driving our deep commitment to serving our members, communities, and each other. When you join our team, you become part of a purpose-driven organization where your work makes a real difference.

While we’re proud of our history, we’re even more excited about our future. With business and technology transformation on the horizon, there’s never been a better time to be part of BECU.

PAY RANGE

The Target Pay Range for this position is $44.09-$53.89 hourly. The full Pay Range is $34.24-$63.75 hourly. At BECU, compensation decisions are determined using factors such as relevant job-related skills, experience, and education or training. Should an offer for employment be made, we will consider individual qualifications. In addition to your salary, compensation incentives are available for the hired applicant. Incentives are performance based and targets vary by role.

BENEFITS

Employees and their eligible family members have access to a wide array of employee benefits, such as medical, dental, vision and life insurance coverage.  Employees have access to disability and AD&D insurance.  We also offer health care and dependent care flexible spending accounts, as well as health savings accounts, to eligible employees.  Employees are able to enroll in our company’s 401k plan and employer-funded retirement plan.  Newly hired employees accrue 6.16 hours of paid time off (PTO) on a per pay period basis based on hours worked (up to a maximum of 160 PTO hours per year) and receive ten paid holidays throughout the calendar year. Additional details regarding BECU Benefits can be found here.

IMPACT YOU’LL MAKE:

As a Senior Mortgage Loan Underwriter, you will play a pivotal role in shaping the financial success of our members while safeguarding their assets. Your expertise will empower you to make consistent, high-quality loan decisions on conventional, FHA/VA, and specialized mortgage loan programs. By offering innovative solutions, you’ll ensure compliance with underwriting standards and align member needs with their financial goals. Your contributions will directly influence the security and quality of our loan portfolio, while fostering member trust and loyalty.

WHAT YOU’LL DO:

• Perform Prudent Underwriting: Review and evaluate conventional, FHA/VA, and specialized mortgage loans to ensure compliance with BECU and investor guidelines.
• Analyze Loan Files: Conduct thorough assessments of loan packages, developing counteroffers and alternative solutions to meet member needs while maintaining underwriting standards.
• Ensure Quality: Evaluate credit packages and collateral to deliver investment-grade loan products, confirming accurate calculations for income, loan-to-value ratios, and more.
• Collaborate on Complex Cases: Partner with the Underwriting Manager for loan dispositions exceeding authorized lending authority, ensuring sound decision-making.
• Provide Clear Communication: Convey underwriting decisions in writing to processors and offer guidance on guidelines and loan-specific queries to Loan Origination staff.
• Support Member-Centric Solutions: Handle member inquiries, resolving challenges to align CU and member interests effectively.
• Mentor and Train: Assist in training underwriters, processors, and loan representatives to build a high-performing team.
• Stay Informed: Maintain up-to-date knowledge of lending guidelines, regulatory changes, and market trends to ensure compliance and adaptability.
• Enhance Processes: Document and update procedures, participate in the development of new products, and ensure the team’s alignment with organizational goals.
• Clear Conditions: Manage property and credit conditions required for loan approvals, ensuring smooth processing and adherence to standards.

This isn’t just about ticking off tasks on a list. It's about making a significant, positive change in BECU’s journey, where your contributions are valued, and your growth is continual