Jr. Mortgage Underwriter

Bank Of The West Omaha , NE 68102

Posted 4 weeks ago

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 more simple 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.

Essential Job Functions

  • Underwrites loan files for designated processing center through a review process of analyzing and evaluating income, assets, liabilities, and property, while maintaining designated time frames. Assimilates new government regulations and applies this knowledge to improve and maintain quality and consistent underwriting. Reviews self-employed, corporate and partnership tax returns, profit and loss, as well as financial statements to ascertain borrowers' income.

  • Provides verbal and written letters of commitment for each loan decision detailing required documentation, loan interest rate, as well as the fees and mortgage amount approved. These letters are sent to loan originators, the borrowers, and realtors.

  • Provides customized underwriting services to the Marketing Department for specific investors.

  • Works with the loan originators and processors to create solutions for problems that arise during processing

  • Assists in the development and training of loan production personnel, loan closers, and set-up employees.

  • Secures relevant information and documentation needed to render lending decisions on SIDs, PUDs, and HOAs. Seeks formal legal opinions if needed.

  • Reviews and corrects potential problems in loan processing files (credit history, nonconforming appraisals, files not adhering to guidelines, etc.).

  • Gathers information in order to solve problems and make decisions through phone contact to managers, loan originators, government agencies, realtors, and borrowers.

Other Job Duties

  • Uses background experience and knowledge of guidelines and personal judgment to make loan decisions which exceed Bank guidelines when warranted.

  • Performs other duties as assigned.

  • Performs other duties as assigned.

Required Experience

  • Requires basic job knowledge of systems and procedures obtained through prior work experience or education.

  • May require vocational or technical education in addition to prior work experience.

Education

  • High School Diploma or GED Required

Skills

  • Basic knowledge of mortgage credit processing and underwriting.

  • Basic 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.

icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Senior Agency / Government Mortgage Underwriter Full Time Remote

Wells Fargo

Posted 4 weeks ago

VIEW JOBS 10/28/2020 12:00:00 AM 2021-01-26T00:00 Job Description Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume prior to submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as "Personal Cell" or "Cellular" in the contact information of your application. At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. Wells Fargo is looking to hire Remote Sr. Government / Agency Mortgage Underwriter 4's who will be working on exception level underwriting in our National Underwriting and Production Risk Management group (NUPRM), who have a strong desire and passion to deliver an exceptional experience in helping customers with their home loan applications. If you thrive on working with high accuracy and attention to detail and working with a team to meet customer needs, we want to talk to you! Roles & Responsibilities: Responsible for reviewing, analyzing, approving and underwriting difficult, complex individual consumer requests and products within company and industry guidelines. Dependent on division, functions include reviewing financial statements, credit reports, and applicable ratios(i.e. Debt ratios, loan-to-value); examining transactions to ensure accuracy and completeness; preparing formal reports for review; ensuring that documents are consistent and uphold to company and industry guidelines; implementing fraud detection techniques, performing compliance reviews; assisting with re-negotiations of loans based on lending guidelines, serving as a consultant/technical resource on difficult problems and questions; handling escalated calls: providing work direction, feedback and training to underwriting staff including mentoring lower level underwriters on credit decisioning, department procedures and policies; delivering/facilitating of technical training to ensure organizational consistency. Has exception authority. May act as a team lead and provide performance feedback to less senior underwriters. May act as backup in absence of Supervisor. This SAFE position has customer contact and job duties which may include the offering/negotiating of terms and/or taking an application for a dwelling secured transaction. As such, this position requires compliance with the S.A.F.E. Mortgage Licensing Act of 2008 and all related regulations. Ongoing employment is contingent upon meeting all such requirements, including acceptable background investigation results. Individuals in a SAFE position also must meet the Loan Originator requirements under Regulation Z (LO) outlined in the job expectations below. "Preferred locations are listed on the job posting. Other locations within the Wells Fargo footprint may be considered." Required Qualifications * 5+ years of underwriting experience Desired Qualifications * Basic Microsoft Office skills * Strong analytical skills with high attention to detail and accuracy * Excellent verbal, written, and interpersonal communication skills * Ability to interact with all levels of an organization Other Desired Qualifications * 5 years plus of FHA, VA, FNMA, or FHLMC experience (conforming experience) * 5 years plus of working on complex income scenarios * Experience with exception level underwriting Job Expectations * This position requires SAFE registration at the time of employment. Wells Fargo will initiate the SAFE registration process immediately after your employment start date. The Nationwide Mortgage Licensing System (NMLS) web site (http://fedregistry.nationwidelicensingsystem.org ) provides the MU4R questions and registration required for employment in this position. * Individuals in Loan Originator (LO) positions must meet the Consumer Financial Protection Bureau qualification requirements and comply with related Wells Fargo policies. The LO qualification requirements include meeting applicable financial responsibility, character, general financial fitness and criminal background standards. A current credit report will be used to assess your financial responsibility and credit fitness, however, a credit score is not included as part of the evaluation. Successful candidates must also meet ongoing regulatory requirements including additional screening, if necessary. * Ability to provide and work from a home office * This position requires compliance with all mortgage regulatory requirements and Wells Fargo's compliance policies related to these requirements including acceptable background check investigation results. Successful candidates must also meet ongoing regulatory requirements including additional screening and required reporting of certain incidents. Salary Information The salary range displayed below is based on a Full-time 40 hour a week schedule. FL-Jacksonville: Min: $59,600 Mid: $84,000 FL-Orlando: Min: $59,600 Mid: $84,000 FL-Tampa: Min: $59,600 Mid: $84,000 GA-Atlanta: Min: $59,600 Mid: $84,000 TX-Dallas: Min: $59,600 Mid: $84,000 TX-Austin: Min: $59,600 Mid: $84,000 TX-Houston: Min: $59,600 Mid: $84,000 TN-Nashville: Min: $59,600 Mid: $84,000 NY-Buffalo: Min: $59,600 Mid: $84,000 IN-Indianapolis: Min: $59,600 Mid: $84,000 AL-Birmingham: Min: $59,600 Mid: $84,000 NE-Omaha: Min: $59,600 Mid: $84,000 MO-Kansas City: Min: $59,600 Mid: $84,000 KS-Overland Park: Min: $59,600 Mid: $84,000 SC-Columbia: Min: $53,700 Mid: $75,600 OH-Columbus: Min: $59,600 Mid: $84,000 MS-Gulfport: Min: $53,700 Mid: $75,600 UT-Salt Lake City: Min: $59,600 Mid: $84,000 NV-Las Vegas: Min: $59,600 Mid: $84,000 AZ-Tucson: Min: $59,600 Mid: $84,000 CA-Fresno: Min: $59,600 Mid: $84,000 WA-Spokane: Min: $59,600 Mid: $84,000 ID-Boise: Min: $59,600 Mid: $84,000 NV-Reno: Min: $59,600 Mid: $84,000 MI-Birmingham: Min: $65,600 Mid: $92,400 Disclaimer All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act. Relevant military experience is considered for veterans and transitioning service men and women. Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation. Wells Fargo Omaha NE

Jr. Mortgage Underwriter

Bank Of The West