Underwriter - Level II or III- Bellevue, WA (GD588) (closed)
Premier Mortgage Financing Company Seeking experienced Sr. Underwriter
Company: Mortgage Lender
Salary: Highly Competitive, bonuses, and great benefits package
Location: Bellevue, WA area
Company overview : In an industry where lenders come and go, The Company has been there, riding out the ups and downs of the real estate and financial markets, to provide homebuyers with mortgage loans for more than five decades. With a record of successful growth, the Company is a nationally recognized and respected mortgage banking firm, with more than 50 years serving both the real estate and building industries.
As a mortgage banking company serving the homebuyer, they are primarily a service company. The strength of any service company is its people. It is the character, ability, and desire to serve, reflected by their employees, that is the Company’s stock in trade. It is the quality of their people that provides them with their competitive advantage.
Position overview : To underwrite residential 1-4 family loans ensuring compliance with the Company, investor, and agency regulatory standards.
Essential Requirements/Duties of this position include the ability to:
•Examine overall loan documentation to ensure accuracy and completeness.
•Analyze loan-to-value ratio, debt-to-income ratio, credit report, application, income and asset documentation, appraisal, etc., to ensure that each loan meets secondary market, investor and company standards.
•Communicate clearly with loan processing staff and loan officers in order to procure appropriate information necessary to finalize incomplete loan packages.
•Stay up to date with any changes in loan underwriting and industry guidelines.
•Closely review documentation to identify possible fraud or misrepresentation.
•Obtain additional documentation to support value where necessary.
•Identify appropriate project approval requirements; ensure file contains necessary documentation of same.
•Ensure system input is accurate; ensure Company system matches the Automated Underwriting System..
•To assure at all times compliance with all regulatory and governmental standards, guidelines, rules and regulations, and the applicable state regulatory authorities, and any applicable federal, state, and/or local ordinances, administrative regulations and statutes.
•To assure compliance with the Company policies and procedures.
•Any other reasonable duties required by Company Mortgage Company to be performed by the underwriter.
Level 1 Underwriter (No DE): $50 - $62K + OT
Three or more years recent Conventional underwriting experience. Works with supervision from Senior Underwriter or Underwriting Manager to develop prudent judgment and analytical skills. This position is classified as non-exempt.
Level 2 Underwriter (DE) $63 - $72K + OT
Three or more years recent Conventional and FHA underwriting experience. Able to work with minimal supervision. This position is classified as non-exempt.