Underwriter I

Western Alliance Bank•Prior Lake, MI

67d•Remote

About The Position

As a Mortgage Underwriter I you'll perform a limited review of Conventional (Conforming, Conforming-High Balance and Non-Conforming Jumbo), Non-Agency and Government (FHA, VA, and USDA) loans for specific issues such as appraisal, property flip, insurability, DTI, etc. Additionally, you'll be accountable for reviewing and clearing underwriting conditions on Conventional and Government loans in compliance with current guidelines and overlays. Manage individual pipeline on a daily basis by completing sufficient underwriting reviews, appraisal reviews, flip reviews, and conditions. Identify any document deficiencies, add applicable conditions, and request additional information and/or documentation from clients as needed. Contact clients to provide updates and clarification on outstanding conditions and deficiencies identified on loans per established process. Assist others in the department in interpreting underwriting guidelines and updating underwriting status and conditions to customers. Perform independent research of guidelines and overlays while reviewing loans.

Requirements

3+ years of related experience in Mortgage Industry, Residential Mortgage Loan underwriting or similar field
High school diploma required
Intermediate knowledge of residential mortgage industry in Correspondent or Retail Lending; including sales, operations and/or other residential mortgage products and services
Intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices
Entry level to intermediate knowledge of FNMA, FHLMC, FHA, VA and USDA Guidelines
Entry level to intermediate knowledge of MS Office products
Entry level to intermediate knowledge of Encompass
Intermediate speaking and writing communication skills

Responsibilities

performing limited reviews of Conventional, Non-Agency, and Government loans
reviewing and clearing underwriting conditions on Conventional and Government loans
managing individual pipeline on a daily basis
identifying document deficiencies and adding applicable conditions
requesting additional information and/or documentation from clients
contacting clients to provide updates and clarification on outstanding conditions and deficiencies
assisting others in the department in interpreting underwriting guidelines
updating underwriting status and conditions to customers
performing independent research of guidelines and overlays while reviewing loans