Mortgage Loan Underwriter II - City National Bank

• Reviews the loan package received to ensure completeness verifying that all supporting documents are included to make a credit decision per established policies
• Identifies issues and recommends appropriate resolution within policy service level agreements
• Analyzes and determines the financial capacity of the borrower’s ability to repay:
• Performs credit analysis, financial statement analysis, cash flow analysis, liquidity qualification and payment calculation spreads
• Reviews for stability of residency and employment
• Verifies income per established policy
• Identifies any exceptions to current policies
• Documents a reasonable conclusion mitigating any identified risks supporting the request will be repaid
• Accurately sets and clears conditions
• Interacts with RLC and Processor throughout the life cycle of the loan, providing information, updates and assistance as required.
• Updates System(s) with pertinent information and appropriate data as required
• Renders a decision within his/her lending authority. If deal is outside of lending authority, provides a recommended decision and submits for appropriate level signing authority
• Originates appropriate client letters; Commitment, Counter Offer, Declination
• Certifies and provides a final Workbook to the Processor
• Ensures compliance with bank and statutory/regulatory guidelines
• Client Satisfaction
• Promotes a team environment fostering a positive working environment
• Functions as a collaborator and innovator to drive continuous improvement
• Provides guidance and support to the RLC and Processor when required
• Utilizes systems and tools to ensure that the RLC’s are updated on the status of loans
• Interacts and communicates daily with all levels as required to support business units, Processors, Funding/Doc Prep to ensure requirements are understood and met
• Provides timely, complete and accurate response to inquiries
• Handles all situations in a professional and ethical manner
• Escalates problems as necessary
• Supports and contributes to the quality and customer satisfaction goals of the bank
• Productivity
• Ensures all goals and service level agreements (SLAs) are met
• Tracks, logs and provides daily, weekly, monthly, quarterly reporting of production statistics as defined by management
• Consistently meets quality control and data integrity standards
• Effectively utilizes available systems, workflow and imaging tools
• Performs other duties as assigned by Management, including participation in projects, process improvement initiatives, etc.

Must-Have*

• Bachelor’s degree required.
• Minimum 5 years of experience as an Underwriter in a financial services or mortgage banking environment required.
• Minimum 5 years of experience in jumbo underwriting to investor or organization’s guidelines required.
• Minimum 5 years of experience with state and federal lending regulations (i.e., Ability to Repay (ATR), RESPA, Reg B, Reg O, Reg Z, Fair Lending, etc.).

Skills and Knowledge

• Familiarity with FNMA/FHLMC guidelines.
• Computer literate with experience using Microsoft applications with mortgage industry standard software, preferably InterLink E3 or NetOxygen/Gallagher.
• Ability to communicate effectively in both verbal and written form.
• Strong time management skills to plan and organize a high daily loan volume.
• Strong ability to be very detail oriented.
• Must be a team player and work constructively with their fellow colleagues.
• General knowledge and exposure to funding and loan documentation is helpful but not required.