Underwriter - III

Western Alliance Bank•Dallas, TX

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 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. Other duties as assigned.

Requirements

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

Responsibilities

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.
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 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.
Other duties as assigned.