Home Lending Underwriter

Columbia Bank•Mountlake Terrace, WA

2d•$80,000 - $90,000•Onsite

About The Position

About the Role: Responsible for evaluating and assessing the risk of lending money for a residential loan. Uses practical judgement to determine if the loan application complies with various guidelines and renders a decision. Complies with regulatory requirements set by the Bank. Responsible for underwriting mortgage loans in accordance with all Bank, investor, agency, and regulatory compliance guidelines, performing duties in alignment with these philosophies and directives. Actively review, analyze, and assess mortgage loan packages for approval, declination, counter-offer or restructure. Partner with sales associates for collaboration and delivery of compliant alternatives, solutions, and conflict resolution. Completes a detailed review of the credit, asset, income, debt, and collateral for approval, declination, counteroffer, or restructure. Must be able to provide a written analysis to support rendered decision in accordance with all Bank, investor, agency, and regulatory compliance guidelines. Preforms duties in alignment with these philosophies and directives. Partner and collaborate with HL associates to ensure open communication, timely responses, expedient and accurate underwriting and condition clearing, and a superior customer experience. Responsible for participating and assisting as necessary to respond to or rebut audits, repurchases, or internal quality control findings while maintaining service level agreements and regulatory compliance. Responsible for compliance with all bank regulations for assigned job function and applying to designated job responsibilities. Keep up to date on regulation and policy changes. Follow all Bank policies and procedures, compliance regulations, and complete and stay up to date on all required annual or job-specific training. Identify continuous improvement opportunities and seek feedback for opportunities to improve. Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities – knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes. Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training. Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations as applicable to this job description. May be asked to coach, mentor, or train others and teach coursework as subject matter expert. Actively learns, demonstrates, and fosters the Columbia corporate culture in all actions and words. Takes personal initiative and is a positive example for others to emulate. Embraces our vision to become “Business Bank of Choice” May perform other duties as assigned. About You: H.S. Diploma/GED (preferred) 2-3 years of previous residential underwriting experience. (Required) Encompass experience (Preferred) Knowledge of Fannie Mae and Freddie Mac (Required) FHA and VA (Preferred) Prior knowledge or experience with mortgage loan documentation and mortgage lending standards required. High degree of attention to detail. Knowledge of federal lending regulations governing real estate lending. Knowledge of financial analysis techniques, including self-employed analysis method. Knowledge of agency guideline requirements. Ability to read and write, with basic arithmetic skills. Basic analytical and problem-solving skills. Strong written and verbal communication skills. Proficiency with personal computers and related software packages such as Word and Excel, and other business machines.

Requirements

2-3 years of previous residential underwriting experience.
Knowledge of Fannie Mae and Freddie Mac
Prior knowledge or experience with mortgage loan documentation and mortgage lending standards required.
High degree of attention to detail.
Knowledge of federal lending regulations governing real estate lending.
Knowledge of financial analysis techniques, including self-employed analysis method.
Knowledge of agency guideline requirements.
Ability to read and write, with basic arithmetic skills.
Basic analytical and problem-solving skills.
Strong written and verbal communication skills.
Proficiency with personal computers and related software packages such as Word and Excel, and other business machines.

Nice To Haves

H.S. Diploma/GED
Encompass experience
FHA and VA

Responsibilities

evaluating and assessing the risk of lending money for a residential loan
underwriting mortgage loans in accordance with all Bank, investor, agency, and regulatory compliance guidelines
review, analyze, and assess mortgage loan packages for approval, declination, counter-offer or restructure
Partner with sales associates for collaboration and delivery of compliant alternatives, solutions, and conflict resolution
complete a detailed review of the credit, asset, income, debt, and collateral for approval, declination, counteroffer, or restructure
provide a written analysis to support rendered decision in accordance with all Bank, investor, agency, and regulatory compliance guidelines
partner and collaborate with HL associates to ensure open communication, timely responses, expedient and accurate underwriting and condition clearing, and a superior customer experience
participate and assist as necessary to respond to or rebut audits, repurchases, or internal quality control findings while maintaining service level agreements and regulatory compliance
compliance with all bank regulations for assigned job function and applying to designated job responsibilities
Identify continuous improvement opportunities and seek feedback for opportunities to improve
coach, mentor, or train others and teach coursework as subject matter expert
Actively learns, demonstrates, and fosters the Columbia corporate culture in all actions and words

Benefits

comprehensive healthcare coverage (medical, dental, and vision plans)
a 401(k)-retirement savings plan with employer match for qualifying associate contributions
an employee assistance program
life insurance
disability insurance
tuition assistance
mental health resources
identity theft protection
legal support
auto and home insurance
pet insurance
access to an online discount marketplace
paid vacation, sick days, volunteer days, and holidays