Senior Mortgage Underwriter

Job Description

The Senior Mortgage Banker is responsible for underwriting residential and equity lines/loans ensuring compliance with appropriate company and secondary market investor standards, including Fannie / Freddie and additional investors (Wells, FHLB, BofA, etc.), ensuring loan requests meet program and product specifications, suggesting counteroffers to a different precut and / or program when appropriate, and communicating decision (approval, suspense, denial) to appropriate individuals and issuing proper documentation.

Essential Functions

• Underwriting residential and equity lines/loans ensuring compliance with appropriate company and secondary market investor standards, including Fannie / Freddie and additional investors (Wells, FHLB, BofA, etc.)
• Underwrite Jumbo Loans
• Underwrite government loans including FHA / VA / RD / and CRA programs
• Examine loan documentation for accuracy and completeness
• Follow the provisions of the Gramm-Bliley Act and the Bank's privacy policy; maintaining a high level of confidentiality
• Make timely and accurate decisions while thriving in a fast paced environment
• Ensure appropriate pricing
• Check accuracy of all calculations
• Underwrite and decision equity loans
• Underwrite and decision purchase and refinance loans
• Determine decision on pre-approval applications
• Determine decision on modification requests
• Communicate decision on loans to appropriate parties
• Confirm adverse decisions
• Partner with Mortgage Bankers
• Identify and resolve loan issues
• Recommend improvements to procedures
• Maximize use of loan origination system
• Evaluate the entire credit package and collateral for residential mortgage loans
• Ensure an "investment" quality loan product

Additional Essential Functions

• Ensure compliance with Northwest's policies and procedures, and Federal/State regulations
• Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency
• Work as part of a team
• Work with on-site equipment

Additional Responsibilities

• Perform related duties as directed by manager

Safety and Health for those without supervisory duties

• Abide by the rules of the safety and loss prevention program
• Perform work tasks in a safe manner
• Report any and all injuries to supervisor
• Know what to do in case of an emergency

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education

Associate's Degree

Work Experience

5 - 6 years mortgage experience

5 - 6 years experience underwriting loans and management experience

General Employee Knowledge, Skills, and Abilities

• Ability to establish effective working relationships among team members and participate in solving problems and making decisions
• Ability to present and express ideas and information clearly and concisely in a manner appropriate to the audience, whether oral or written
• Ability to actively listen to what others are saying to achieve understanding, sharing information with others and facilitating the open exchange of ideas and information
• Ability to establish courses of action for self to accomplish specific goals, develop and use tracking systems for monitoring own work progress, and effectively use resources such as time and information
• Ability to make right decisions based on perceptive and analytical processes, practicing good judgment in gray areas

Additional Knowledge, Skills and Abilities

Knowledge of RESPA 2010, MDIA, Dodd Frank, HVCC regulations, Freddie / Fannie lending guidelines, and automated underwriting and guidelines

Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.