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Junior Residential Loan Underwriter

Sound Community Bank

This is a Full-time position in Seattle, WA posted December 29, 2020.


Residential Loan Underwriter performs the following duties: underwrites and administers residential real estate loans according to Bank Policy and investor guidelines; and provides superior service to clients, teammates, and vendors.

The Jr.

Residential Loan Underwriter demonstrates a broad understanding of the residential lending industry.

This position requires limited prior experience underwriting to the secondary market, but demonstrated ability to conduct credit and income analysis, compliance knowledge and a risk management aptitude.

The position typically maintains a smaller pipeline and underwrites fewer complex applications than more senior underwriting positions.

POSITION QUALIFICATIONSA Bachelors degree is preferred, plus a minimum of 1 to 3 years of progressively responsible loan processing or underwriting experience.

An equivalent combination of education and experience may be considered.

A high degree of proficiency in accounting, legal, administrative and computer database skills is required.

Skill competencies required include, but not limited to: Excellent customer service and interpersonal skills Strong critical thinking and analysis skills Excellent verbal and written communication skills Strong organizational and multi-tasking skills in a fast-paced environment Excellent proofreading skills with a strong attention to detail Ability to work both independently and as a team player Practice flawless ethical behavior and understands the need for confidentiality Must be proficient in Microsoft Office Suite (Outlook, Excel, Word, etc.) Must have an overall understanding of Bank operations and regulatory compliance, including the Bank Secrecy ActRELATIONSHIPS AND CONTACTSWithin OrganizationThe Jr.

Residential Loan Underwriter maintains a close working relationship with the Residential Loan Officers, the Residential Loan Processors, the Compliance Officer, the Quality Control Specialist and the Credit Administration Manager.

The position will also work cross-departmentally with Secondary Marketing.

Outside OrganizationPosition has infrequent contact with third-parties, such as: borrowers, employers, and bank vendors.

Infrequently, the Residential Loan Underwriter will communicate with external auditors.

POSITION RESPONSIBILITIESResponsibility #1 Underwrite Loan Submissions Expeditiously perform initial underwrite of loan submissions.

This includes, but is not limited to: Conduct data integrity reviews to ensure the files reflect the supporting documentation Reviews files for eligibility with respect to the FNMA Selling Guide, any investor overlays or to Bank Policy Accurately analyzes credit files including but not limited to: Income, assets, debts and credit history.

Uses established fraud detection systems effectively Conducts thorough review of property appraisals and communicates any features that are outside of secondary market guidelines.

Uses sound judgement when approving or declining loans and does so within policy guidelines.

Keeps current with industry underwriting changes and make recommendations to the Underwriting Manager as needed.

Maintains file review turn time according to department expectations.

Provides excellent customer service to internal and external customers.

Responsibility #2 Customer Service Provide superior customer service to the Residential Loan Officers, clients and vendors.

This includes, but is not limited to: Communicate information to the Residential Loan Officer, Residential Loan Processor or vendor to ensure a loans timely and efficient flow through the pipeline.

Maintains a working knowledge of and ensure compliance with the secondary market requirements and Bank Policy.

Provides support to staff, clients, branches and other departments with problem resolution and/or recommendations for procedure revisions.

Manages sustainable processes within residential lending; supports new products, corporate or divisional initiates; responds to changes in the market.

Responsibility #3 General Duties Provide general assistance within the Credit Administration Department.

Duties may include, but are not limited to the following: Attend and participate within Credit Administration and Compliance meetings.

Consistently follows compliance, security, and internal guidelines to ensure accuracy and quality of each transaction.

Works with examiners/auditors as needed by answering questions and gathering data.

Manage and prepare reports on the Residential Loan Pipeline.nnby Jobblenn