Mortgage Underwriter

First National Bank Alaska•Anchorage, AK

3d•Onsite

About The Position

First National Bank Alaska is seeking an experienced Mortgage Underwriter who shares our commitment to accuracy, sound credit decisions, and outstanding customer service. This role provides quality mortgage-backed loans to investors and the bank, approves and makes denial recommendations for loans to ensure compliance with bank, investor, agency, and regulatory underwriting guidelines. The Mortgage Underwriter analyzes credit and property documentation for conventional, FHA, VA, USDA loans to assess overall risk, evaluates the impact of lending decisions on the Community Reinvestment Act and Federal Fair Lending policies, and resolves adverse investor and/or audit findings. They also provide advice on real estate lending programs, review appraisal and title documents, and maintain awareness of market trends. Compliance with all relevant laws, regulations, and bank policies is expected.

Requirements

Minimum: Four years mortgage industry experience including two years mortgage underwriting; or equivalent combination of education/training and experience.
Familiarity with FHA/VA, AHFC, FNMA, and other investor lending programs.
Effective analytical and decision-making skills required.
Word processing and spreadsheet software experience required.
Ability to handle highly confidential information, frequent deadlines, and time constraints required.
Ability to read, analyze, and interpret financial reports, legal documents, professional journals, technical procedures, and governmental regulations.
Ability to write reports, business correspondence, and procedure manuals.
Ability to effectively present information to top management, auditors, and/or board of directors.
Ability to work with basic mathematical concepts such as fractions, percentages, ratios, and proportions to practical situations.
Ability to define problems, collect data, establish facts, and draw valid conclusions.
Ability to interpret an extensive variety of technical instructions and deal with several variables.

Nice To Haves

Current knowledge of FHA/VA, AHFC, FNMA, and other investor lending programs.
Experience working with automated underwriting systems.

Responsibilities

Provides quality mortgage-backed loans to investors and the bank.
Approves and makes denial recommendations for loans to ensure compliance with bank, investor, agency, and regulatory underwriting guidelines.
Analyzes credit and property documentation included in conventional, FHA, VA, USDA loans to assess overall risk to the bank.
Evaluates and identifies the impact of lending decisions on the Community Reinvestment Act and Federal Fair Lending policies and regulations.
Evaluates risk and communicates findings to Mortgage Lending or branch personnel responsible for loan file.
Resolves adverse investor and/or audit findings and clears discrepancies within authority ensuring loan files’ compliance with investor and insurers’ guidelines, federal regulations and bank policy.
Provides advice and assistance on real estate lending programs and guideline requirements to branches, management and Mortgage Lending or branch personnel to ensure loan approval underwriting conditions are met.
Performs reviews of appraisal reports, adhering to the real estate lending standards, policies, procedures and controls.
Reviews title documents and all applicable compliance documents.
Maintains awareness of changing economic conditions, new trends and developments in the local and national real estate and insured-mortgage markets.
Performs other work-related duties as assigned by supervisor.
Stay up to date on relevant laws and regulations and complete all compliance training on time.
Knowledgeable of and comply with bank policies, procedures, laws, and regulations that apply to you and your job.
Maintain customer confidence and protect the bank’s operations by identifying and protecting confidential information.