Senior Mortgage Underwriter

Job Description

Overview

The Senior Mortgage Banker is responsible for underwriting residential and equity lines/loans ensuring compliance with appropriate company and secondary market investor standards, including Fannie / Freddie and additional investors (Wells, FHLB, BofA, etc.), ensuring loan requests meet program and product specifications, suggesting counteroffers to a different precut and / or program when appropriate, and communicating decision (approval, suspense, denial) to appropriate individuals and issuing proper documentation.

Essential Functions

• Underwriting residential and equity lines/loans ensuring compliance with appropriate company and secondary market investor standards, including Fannie / Freddie and additional investors (Wells, FHLB, BofA, etc.)

• Underwrite Jumbo Loans

• Underwrite government loans including FHA / VA / RD / and CRA programs

• Examine loan documentation for accuracy and completeness

• Follow the provisions of the Gramm-Bliley Act and the Bank's privacy policy; maintaining a high level of confidentiality

• Make timely and accurate decisions while thriving in a fast paced environment

• Ensure appropriate pricing

• Check accuracy of all calculations

• Underwrite and decision equity loans

• Underwrite and decision purchase and refinance loans

• Determine decision on pre-approval applications

• Determine decision on modification requests

• Communicate decision on loans to appropriate parties

• Confirm adverse decisions

• Partner with Mortgage Bankers

• Identify and resolve loan issues

• Recommend improvements to procedures

• Maximize use of loan origination system

• Evaluate the entire credit package and collateral for residential mortgage loans

• Ensure an “investment” quality loan product

• Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations

• Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency

• Work as part of a team

• Work with on-site equipment

Qualifications

• Associate's Degree preferred

• 5 - 6 years mortgage experience preferred

• 5 - 6 years experience underwriting loans and management experience preferred

• Knowledge of RESPA 2010, MDIA, Dodd Frank, HVCC regulations, Freddie / Fannie lending guidelines, and automated underwriting and guidelines, Working

Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.