Home Lending Underwriter

A GREAT PLACE TO WORK AND BANK

Join our team! 1st Security Bank team members deliver service that "WOWs" each other and our customers. We value relationships, teamwork, community, and professional growth in a safe, friendly, and progressive workplace. We celebrate diversity and support equality for all. If you share these core values and are committed to career excellence, let us help you reach your dreams!

If you are the type of individual that would enjoy working at one of the Puget Sound's Best Places to Work for 9 years in a row and focuses on providing an exceptional client experience, then 1st Security Bank is the place for you. 1st Security Bank was named a bronze medal winner in its class in the Puget Sound Business Journal's Best Workplaces contest in its first year nominated and is also consistently rated a 5 star Bank in Washington State by Bauer Financial, an independent bank rating firm.

POSITION SUMMARY

Responsible for the underwriting of conventional, jumbo, FHA, VA, correspondent, and portfolio mortgages. Responsible for managing loan approvals up to the delegating underwriting authority and managing credit quality in line with bank guidelines.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following:

• Underwrite loan files in accordance with accredited lending policies including quantitative and qualitative loan criteria; income, credit and property worthiness, employment history, and borrowers outstanding debt to income calculations.

• Manage daily work flow expectations in line with production fluctuations and credit quality initiatives provided by the Underwriting Manager.

• Provides ongoing feedback to production staff including questions and answers associated with mortgage file reviews.

• Assist in the distribution of new and updated information regarding loan file credit quality.

• Support peer underwriters with a second review as required by Policy.

• Maintain operational relationships with agencies (FNMA, FHLMC, FHA, VA, USDA, State Bonds) and other correspondent investors.

• Review, assist, and comply with audit findings, compliance reviews, quality control findings, and other internal and external reviews related to underwriting quality.

• Participate in post-closing reviews prior to investor purchases in order to identify changes in quality oversight required during the origination process.

• Underwrite loans in loan with FNMA, FHLMC, FHA, VA, USDA, and other correspondent investor guidelines.

• Performs other duties as assigned.

BENEFITS AND PERKS

• Full medical, dental, and vision coverage for individual or family plan.

• Life insurance.

• Long-term disability insurance.

• 401K matching program.

• Paid sick and vacation time.

OUR CORE VALUES

• Relationship Driven - we strive to "WOW" (surprise, excite and delight) each other and our customers.

• Ethical - fair, honest and act with integrity.

• Lead by Example - maintain a positive attitude, show respect for others, and have some fun!

• Accountable - we take our responsibilities seriously and we meet our commitments with urgency.

• Team Player - dependable, enthusiastic contributor to team success and to the greater good of the bank.

• Embrace Dreams - we encourage each other to reach for our dreams.

• Diversity - we celebrate diversity and support equality for all.

• Community Oriented - we actively support our communities and the Bank's CRA initiatives.

• Open and Honest Communication - always professional, responsive, and timely.

EDUCATION and/or EXPERIENCE

• Bachelor’s degree in related field or equivalent work experience.

• Minimum of 5 years of mortgage banking underwriting experience.

• Excellent written and verbal communication skills.

• Excellent mathematical, analytical, and organizational skills.

• Proficient in automated underwriting systems as well as Microsoft Word and Excel.

• Up to date knowledge of industry specific guidelines and procedures including an in depth understanding of loan processing and risk analysis.

• Ability to work closely and efficiently with other banking departments.

• Strong customer service skills required for internal and external customer communications.

• Required underwriting approvals with FNMA, FHLMC, FHA, VA, USDA, and HUD.

COMPUTER SKILLS

To perform this job successfully, an individual should be proficient in Microsoft Office Products and other Database software.  Solid word processing and computer database skills with accurate keyboarding at 60+ wpm. 

PHYSICAL DEMANDS AND WORK ENVIRONMENT

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.  The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• The employee will primarily operate in a general office environment, using office equipment such as a phone and a computer.  The employee will also work in various client locations, which could have varying environments.  Extensive travel is required, including overnight travel.

• The noise level in the work environment is usually quiet to moderate as compared to a private office with light foot traffic and office equipment.  However, when traveling or at client locations, the employee may be exposed to significant noise, weather, and other discomfort.  The employee must be able and willing and able to interact frequently with the general public.