Underwriter I

Western Alliance Bank • Remote Texas, NV

4d • 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

• Perform a limited review of Conventional, Non-Agency and Government loans for specific issues such as appraisal, property flip, insurability, DTI, etc.
• Review and clear 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 document deficiencies, add applicable conditions, and request additional information and/or documentation from clients.
• Contact clients to provide updates and clarification on outstanding conditions and deficiencies.
• 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.

Benefits

• Competitive salaries
• Ownership stake in the company
• Medical and dental insurance
• Time off
• 401k matching program
• Tuition assistance program
• Employee volunteer program
• Wellness program
• Opportunity to bolster business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED