Western Alliance Bank
Underwriter III
Western Alliance Bank, Dallas, Texas, United States, 75215
Job Title:Underwriter III
Location:Remote Texas
What you'll do:Underwriter III will be responsible for the complete underwrite of Conventional loans and either FHA or VA mortgage loans. This requires that a UW III have a Direct Endorsement (DE) designation and a HUD-assigned CHUMS number, or active VA credit authority. A UW III may also be responsible for evaluating creditworthiness on Jumbo, non-conforming, non-agency loans as well as performing property analyses or appraisal reviews to establish that subject property collateral is acceptable.
What we are looking for:* Underwrite and evaluate the creditworthiness of borrowers for FHA, FNMA, FHLMC, and Jumbo loan programs ensuring that loans meet investor standards, internal company guidelines.* Credit decisions for FHA "refer" loans.* Review and analyze borrower profiles, credit reports, title reports, income documentation, and assets, including complex business returns and financials.* Accurately calculate income for borrowers while analyzing loan risk and request additional information/condition loan as necessary.* Structure loans according to investor and company requirements and credit quality.* Assess and respond to fraud indicators.* Determine eligibility for private mortgage insurance.* As needed, perform property analysis or appraisal review to establish that subject property collateral is acceptable.* Structure loans according to investor and company requirements and credit quality.* Document and effectively communicate approval and denial reasons.* Manage individual pipeline on a daily basis by completing initial reviews, clear to close reviews and other Underwriting Tasks within established turn times.* Meet minimum productivity and quality standards established by a line of business.* Meet compliance, regulatory, and company standards as required by line of business.* Work additional hours as needed.* Other duties as assigned.What you need to have:* 5+ years mortgage industry experience, with 2+ years current or recent underwriting experience.* High School Diploma or GED equivalent.* Direct Endorsement (DE) CHUMS or VA Credit authority is required.* Current experience and core-competency with automated underwriting systems including Desktop Underwriter, Loan Prospector, and FHA Connection, and/or VA Portal.* Core-competency in navigating and interpreting FNMA, FHLMC, FHA, or VA and company guidelines.* Independent decision-making with strong problem-solving skills.* Customer service driven: responsiveness to internal customers and team members' issues and concerns.* Strong working knowledge of Encompass 360.* Ability to work in a fast-paced production environment.* Has the ability to communicate effectively and professionally.* Competency in written and verbal communication skills.* Self-reliant and able to work independently.* Can multi-task and prioritize successfully.* Ability to learn and adapt to product, guidelines, and market changes.* Working knowledge in Microsoft Office products (Excel, Word, etc.).* Experience in a high production and fast-paced environment.* Excellent time management skills.* Strong attention to detail.* Excellent communication skills.* Adaptable to change.
Benefits you'll love:We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!About the company:AmeriHome Mortgage is a Western Alliance Bank company. Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC.Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.Western Alliance Bancorporation
Location:Remote Texas
What you'll do:Underwriter III will be responsible for the complete underwrite of Conventional loans and either FHA or VA mortgage loans. This requires that a UW III have a Direct Endorsement (DE) designation and a HUD-assigned CHUMS number, or active VA credit authority. A UW III may also be responsible for evaluating creditworthiness on Jumbo, non-conforming, non-agency loans as well as performing property analyses or appraisal reviews to establish that subject property collateral is acceptable.
What we are looking for:* Underwrite and evaluate the creditworthiness of borrowers for FHA, FNMA, FHLMC, and Jumbo loan programs ensuring that loans meet investor standards, internal company guidelines.* Credit decisions for FHA "refer" loans.* Review and analyze borrower profiles, credit reports, title reports, income documentation, and assets, including complex business returns and financials.* Accurately calculate income for borrowers while analyzing loan risk and request additional information/condition loan as necessary.* Structure loans according to investor and company requirements and credit quality.* Assess and respond to fraud indicators.* Determine eligibility for private mortgage insurance.* As needed, perform property analysis or appraisal review to establish that subject property collateral is acceptable.* Structure loans according to investor and company requirements and credit quality.* Document and effectively communicate approval and denial reasons.* Manage individual pipeline on a daily basis by completing initial reviews, clear to close reviews and other Underwriting Tasks within established turn times.* Meet minimum productivity and quality standards established by a line of business.* Meet compliance, regulatory, and company standards as required by line of business.* Work additional hours as needed.* Other duties as assigned.What you need to have:* 5+ years mortgage industry experience, with 2+ years current or recent underwriting experience.* High School Diploma or GED equivalent.* Direct Endorsement (DE) CHUMS or VA Credit authority is required.* Current experience and core-competency with automated underwriting systems including Desktop Underwriter, Loan Prospector, and FHA Connection, and/or VA Portal.* Core-competency in navigating and interpreting FNMA, FHLMC, FHA, or VA and company guidelines.* Independent decision-making with strong problem-solving skills.* Customer service driven: responsiveness to internal customers and team members' issues and concerns.* Strong working knowledge of Encompass 360.* Ability to work in a fast-paced production environment.* Has the ability to communicate effectively and professionally.* Competency in written and verbal communication skills.* Self-reliant and able to work independently.* Can multi-task and prioritize successfully.* Ability to learn and adapt to product, guidelines, and market changes.* Working knowledge in Microsoft Office products (Excel, Word, etc.).* Experience in a high production and fast-paced environment.* Excellent time management skills.* Strong attention to detail.* Excellent communication skills.* Adaptable to change.
Benefits you'll love:We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!About the company:AmeriHome Mortgage is a Western Alliance Bank company. Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC.Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.Western Alliance Bancorporation