Underwriter II

Western Alliance Bank

1d•Remote

About The Position

As a Mortgage Underwriter II, you'll be accountable for reviewing and approving condominium projects for Agency, Non-QM, and FHA in the Delegated, Non-Delegated, and Retail channel in alignment with internal guidelines and investor requirements. Additional will include underwriting Agency Conventional loans by reviewing the credit, capacity and collateral characteristics of loan files to ensure it meets company and investor quality standards. Additionally, you'll be accountable for reviewing and clearing underwriting conditions on Conventional and Government loans in compliance with current guidelines and overlays. Conduct detailed assessments of project documentation, identify potential risks and ensure project eligibility to support accurate and salable loan decisions. Review and underwriter condominium project approvals for loans in accordance with company guidelines and investor standards. Manage individual pipeline on a daily basis by completing Underwriting Reviews, appraisal reviews and conditions reviews within defined turn times as applicable. Identify any document deficiencies, add applicable conditions, and request additional information and/or documentation from customers as needed. Contact customers 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

5+ years of related experience in Mortgage Industry, Residential Mortgage Loan underwriting or similar field.
High school diploma required.
Intermediate to advanced knowledge of residential mortgage industry in Correspondent or Retail Lending; including sales, operations, and/or other residential mortgage products and services.
Intermediate to advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
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.
Advanced speaking and writing communication skills.

Responsibilities

Reviewing and approving condominium projects for Agency, Non-QM, and FHA in the Delegated, Non-Delegated, and Retail channel in alignment with internal guidelines and investor requirements.
Underwriting Agency Conventional loans by reviewing the credit, capacity and collateral characteristics of loan files to ensure it meets company and investor quality standards.
Reviewing and clearing underwriting conditions on Conventional and Government loans in compliance with current guidelines and overlays.
Conduct detailed assessments of project documentation, identify potential risks and ensure project eligibility to support accurate and salable loan decisions.
Review and underwriter condominium project approvals for loans in accordance with company guidelines and investor standards.
Manage individual pipeline on a daily basis by completing Underwriting Reviews, appraisal reviews and conditions reviews within defined turn times as applicable.
Identify any document deficiencies, add applicable conditions, and request additional information and/or documentation from customers as needed.
Contact customers 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.