Senior Mortgage Underwriter

Job Description

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

Additional Essential Functions

Additional Responsibilities

Safety and Health for those without supervisory duties

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education

Associate's Degree

Work Experience

5 - 6 years mortgage experience

5 - 6 years experience underwriting loans and management experience

General Employee Knowledge, Skills, and Abilities

Additional Knowledge, Skills and Abilities

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

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