Underwriter - III

Western Alliance Bank

19h • Remote

About The Position

As a Mortgage Underwriter III, you will be responsible for underwriting Government and Conventional loans by reviewing the credit, capacity, and collateral characteristics of loan files to ensure they meet company and investor quality standards. You will also review and clear underwriting conditions on Conventional and Government loans in compliance with current guidelines and overlays. Daily tasks include managing an individual pipeline by completing Underwriting Reviews, appraisal reviews, and conditions reviews within defined turn times. You will identify document deficiencies, add applicable conditions, and request additional information or documentation from customers as needed, and contact customers to provide updates and clarification. Additionally, you will assist others in the department with interpreting underwriting guidelines and updating underwriting status and conditions, and perform independent research of guidelines and overlays. AmeriHome Mortgage, a Western Alliance Bank company, is a leading national business-to-business mortgage acquirer and servicer. In 2020, AmeriHome ranked as the nation’s third-largest correspondent mortgage provider, primarily purchasing mortgage loans from a network of independent mortgage originators, and is overall the 13th largest producer of mortgages in the U.S. The organization has developed a flexible and scalable platform with a modern purpose-built infrastructure, advanced data and analytics capabilities, leveraging deep industry expertise and an efficient cost structure to achieve profitability in all market environments. AmeriHome has a track record of consistent, prudent, and profitable growth, with over 1,000 employees. It is a premier mortgage company, a multi-channel mortgage investor, direct-to-consumer lender, and servicer, licensed in 49 states, and headquartered in Thousand Oaks, California, with offices in Irvine, CA, and Dallas, TX. The company is focused on delivering excellence in lending, with a motivation for success represented throughout the company and thriving from trust built between all employees.

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

• 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 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.

Benefits

• Competitive salaries
• An ownership stake in the company
• Medical and dental insurance
• Time off
• A great 401k matching program
• Tuition assistance program
• An employee volunteer program
• A wellness program
• Opportunity to bolster your 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

• Career Level: Senior
• Education Level: High school or GED
• Number of Employees: 501-1,000 employees