| Post Date |
05/06/2010 |
| Requisition Number |
0093084 |
| Job Title |
Sr. Underwriter |
| Job Category |
Operations |
| City |
Pasadena |
| State |
CA |
| Description |
The Senior Underwriter will review loan file submitter by processor for fraud and missing documentation. He/she will approve loans based on fulfilling product, guidelines and compliance requirements.
Responsibilities include:
• Verifies loan files submitted to e-MITS for approval and pricing. Approves loans that meet e-MITS underwriting and product criteria. Records loan rejections, specifying investor and/or institution guidelines and basis for declining application, such as insufficient cash reserves
• Decides on approval or rejection of loans based on loan documents submitted. Determines whether any adjustments or additional information is required prior to approval
• Examines overall loan documentation to ensure accuracy, completeness and possible fraud
• Reviews and evaluates information on loan documents to determine if buyer, property, and loan conditions meet established company and/or government and other complaince standards.
• Determines terms and acceptability of risk of prospective loans
• Negotiates directly with correspondents, if applicable, to procure desired results
• Ensures loan processing staff, Personal Bankers and Private Bankers or brokers procure appropriate information necessary to finalize incomplete loan packages
• Stays abreast of any changes in loan underwriting provisions
• May provide work direction and training to more junior staff. |
| Requirements |
REQUIRED
• High School diploma or GED; Bachelor’s degree preferred
• 5 years of experience with basic knowledge of financial techniques and loan file documentation or equivalent combination of experience, education and/or training as an Associate Underwriter
• Experience in underwriting Conventional Loans
KNOWLEDGE/SKILLS/ABILITIES
• Knowledge of Underwriting and Loan Processing preferred
• Knowledge of Mortgage Banking preferred
• Ability to organize and coordinate projects
• Strong oral and written communication abilities
• Team Player
• Excellent Customer Service Skills
• Ability to adapt to change.
• Works well under time constraints |
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