Bank of the West Sr First Mortgage Underwriter DE/SAR Preferred in United States
Sr First Mortgage Underwriter DE/SAR Preferred
At Bank of the West, our people are having a positive impact on the world. We’re investing where we feel we can make the most impact, like advancing diversity and women entrepreneurship programs, financing for more small businesses, and promoting programs for sustainable energy. From our locations across the U.S., Bank of the West is taking action to help protect the planet, improve people’s lives, and strengthen communities. We are part of BNP Paribas, a global leader supporting the UN Sustainable Development Goals (SDGs). Yes, we’re a bank, but as the bank for a changing world, we are continually seeking to improve the ways we help our customers, while contributing to more sustainable and equitable growth.
Job Description Summary
Responsible for providing quality and consistent underwriting of mortgage
loans, focusing on difficult/complex loans, to ensure compliance with
appropriate company standards. Responsible for ascertaining the needs of
borrowers and assisting them in selecting the appropriate loan type which best
matches their long-term objectives, and ensuring compliance with
FHLMC/FHA/VA/FNMA guidelines. Also assesses the potential risk of loan
applicants, including current and past credit and job history, ensures that all
mortgage applications are complete, accurate, and fall within acceptable BOW
guidelines, and attains direct endorsement approvals. Provides high quality
customer service, including underwriting in a competitive time frame. Provides
direction and guidance to other less experienced underwriters.
Essential Job Functions
Utilizes Fannie Mae's Desktop Underwriter to determineloan eligibility for sale to Fannie Mae, HUD and Veterans Administration(VA)..
Ensures all file documentation requirements are met forFannie Mae, HUD and VA eligible loans.
Underwrites loan files for designated processing centerthrough a review process of analyzing and evaluating income, assets,liabilities, and property, while maintaining designated time frames asdetermined by management Assimilates new government regulations andapplies this knowledge to improve and maintain quality and consistentunderwriting. Reviews self-employed, corporate and partnership taxreturns, profit and loss, as well as financial statements to ascertainborrowers' income.
Provides written letters of commitment for each loandecision detailing required documentation, loan interest rate, as well asthe fees and mortgage amount approved.
Works with the loan originators and processors tocreate solutions for problems that arise during processing.
Identify common errors and report via comment 60 inloan origination system- UNIFI which compiles data for trainers andRegional and Area Sales Managers.
Secures relevant information and documentation neededto render lending decisions on SIDs, PUDs, and Condominium AssociationsSeeks formal legal opinions if needed.
Reviews and corrects potential problems in loanprocessing files (credit history, nonconforming appraisals, files notadhering to guidelines, etc.).
Applicants with government lending authority will need toprovide evidence delegated lending authority is active and in good standingwith HUD and VA.
Other Job Duties
- Performs other duties as assigned.
Bachelor's Degree Business Administration or related area or equivalent combination of education and experience.
High School Diploma or GED Required
Complete knowledge of mortgage credit processing and underwriting.
Complete knowledge of loan documents and real estate terminology, FHLMC/FHA/VA.FNMA guidelines and portfolio lending practices, and State and Federal agency policies and procedures.
Knowledge of Bank’s lending policies and procedures.
Equal Employment Opportunity Policy
Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran.
Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations.
Location: United States
Requisition ID: 051926