Underwriter III - Non-Delegated Mortgage

Western Alliance Bank•Prior Lake, TX

33d•Remote

About The Position

As a Mortgage Underwriter III you'll responsible for underwriting Government and Conventional loans by reviewing the credit, capacity and collateral characteristics of loan files to ensure it meets company and investor quality standards. You'll be responsible 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 Conventional loans, Non-Agency (including Bank Statement, Jumbo, and DSCR programs), simple and complex Underwriting Reviews, Conditions Reviews and other Underwriting Tasks within established turn times. Identify any document deficiencies, request additional information and/or documentation from Clients as needed. Navigate and interpret all Agency, Non-Agency and company guidelines. Assist other department personnel in interpreting underwriting guidelines, update loan status and complete all necessary tasks assigned to loan. Contact clients to provide updates and clarification on outstanding conditions and deficiencies identified on loans. Experience associated with client-initiated scenario questions and ability to provide live assistance with loan structure and solution-based guidance.

Requirements

Encompass LOS experience preferred
Project management experience preferred
Ability to communicate effectively and professionally
Basic proficiency in Microsoft Office products (Excel, Word, etc.)
Loan quality and risk management experience
Excellent Customer/Client service skills
Ability to work in a fast-paced production environment
Self-starter, self-reliant, dependable, ability to work within and meet specific time constraints
Excellent written and verbal communication skills
Prioritization and Time Management skills
Ability to learn and adapt to guideline changes
Knowledge of FNMA and FHLMC guidelines
Proficiency with automated underwriting systems such as Desktop Underwriter and Loan Product Advisor

Responsibilities

Underwrite Government and Conventional loans by reviewing the credit, capacity and collateral characteristics of loan files to ensure it meets company and investor quality standards.
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 Conventional loans, Non-Agency (including Bank Statement, Jumbo, and DSCR programs), simple and complex Underwriting Reviews, Conditions Reviews and other Underwriting Tasks within established turn times.
Identify any document deficiencies, request additional information and/or documentation from Clients as needed.
Navigate and interpret all Agency, Non-Agency and company guidelines.
Assist other department personnel in interpreting underwriting guidelines, update loan status and complete all necessary tasks assigned to loan.
Contact clients to provide updates and clarification on outstanding conditions and deficiencies identified on loans.
Experience associated with client-initiated scenario questions and ability to provide live assistance with loan structure and solution-based guidance.