Underwriter - IV

Western Alliance Bank

1d•Remote

About The Position

As a Mortgage Underwriter IV you'll be responsible for underwriting Jumbo and High-Net Worth loans by reviewing the credit, capacity and collateral characteristics of loan files to ensure it meets company and investor quality standards. You'll be responsible for reviewing and clearing underwriting conditions on Jumbo and High-Net Worth loans in compliance with current guidelines and overlays. Manage individual pipeline on a daily basis by completing Jumbo and High-Net Worth loans, Non-Agency and complex Underwriting Reviews, Conditions Reviews and other Underwriting Tasks within established turn times. Identify any document deficiencies, request additional information and/or documentation from Clients as needed. Analyze complex income sources, including self-employed income, K-1s, and tax returns. Evaluate credit reports, asset statements, and complex appraisals. Ensure compliance with investor, federal, and internal guidelines. Maintain awareness of regulatory changes and investor overlays. Navigate and interpret all Agency, Non-Agency and company guidelines. Assist other department personnel in interpreting underwriting guidelines, update loan status and complete all necessary tasks assigned to loan. Contact clients to provide updates and clarification on outstanding conditions and deficiencies identified on loans. Experience associated with client-initiated scenario questions and ability to provide live assistance with loan structure and solution-based guidance.

Requirements

8+ years of related experience in Mortgage Industry, Residential Mortgage Loan underwriting or similar field.
High school diploma required.
Advanced knowledge of residential mortgage industry in Correspondent or Retail Lending; including sales, operations, and/or other residential mortgage products and services.
Advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
Advanced knowledge of FNMA, FHLMC, FHA, VA and USDA Guidelines.
Intermediate knowledge of MS Office products.
Intermediate knowledge of Encompass.
Advanced speaking and writing communication skills.
DE or SAR certification required.

Responsibilities

Underwrite Jumbo and High-Net Worth loans by reviewing the credit, capacity and collateral characteristics of loan files to ensure it meets company and investor quality standards.
Review and clear underwriting conditions on Jumbo and High-Net Worth loans in compliance with current guidelines and overlays.
Manage individual pipeline on a daily basis by completing Jumbo and High-Net Worth loans, Non-Agency and complex Underwriting Reviews, Conditions Reviews and other Underwriting Tasks within established turn times.
Identify any document deficiencies, request additional information and/or documentation from Clients as needed.
Analyze complex income sources, including self-employed income, K-1s, and tax returns.
Evaluate credit reports, asset statements, and complex appraisals.
Ensure compliance with investor, federal, and internal guidelines.
Maintain awareness of regulatory changes and investor overlays.
Navigate and interpret all Agency, Non-Agency and company guidelines.
Assist other department personnel in interpreting underwriting guidelines, update loan status and complete all necessary tasks assigned to loan.
Contact clients to provide updates and clarification on outstanding conditions and deficiencies identified on loans.
Provide live assistance with loan structure and solution-based guidance.