Mortgage Underwriter

Royal Business Bank; Los Angeles (CA); On-site; USD 80,000 - 110,000; Full time

Benefits offered by this job

Medical insurance

Vision insurance

401(k)

Disability insurance

Job summary

A growing financial institution in California is seeking a Mortgage Underwriter responsible for reviewing loan applications and ensuring compliance with regulations. The ideal candidate has 2-4 years of mortgage banking experience and strong analytical skills. You'll collaborate with teams, provide customer service, and ensure all documentation is thorough. This full-time role supports a rewarding career in finance with comprehensive benefits including medical and vision insurance, 401(k), and disability insurance.

Qualifications

• 2-4 years of mortgage banking experience specific in underwriting.
• Technical history with FHLMC, FNMA, FHA, VA, or equivalent mortgage products.

Responsibilities

• Review mortgage loan documentation and ensure completeness.
• Review appraisal for accuracy to warrant the loan.
• Verify applicant's financial statements and credit history.
• Approve applications and ensure regulatory compliance.
• Collaborate with team to address exceptions for denied loans.
• Provide excellent customer service and product knowledge.

Skills

Analytical skills

Decision-making skills

Knowledge of mortgage regulations

Customer service skills

Communication skills

Ability to handle delicate situations

Education

High School Diploma or equivalent

Job description

Base pay range

$80,000.00/yr - $110,000.00/yr

JOB SUMMARY

Responsible for reviewing all documentation, performing analysis and making judgment on loan applications; Complies with all regulations which apply within the scope of the position, including Bank Secrecy Act.

RESPONSIBILITIES

• Perform a variety of mortgage loan documentation duties and ensure all tax, title, insurance and closing documentation are in place;
• Review appraisal to ensure accuracy and thoroughness to warrant the loan; Specify closing conditions;
• Review and ensure applicant’s income, financial statements, credit history, debt ratios and savings;
• Approve applications for closing and funding and ensure all applicable regulations are met;
• Collaborate with team members to identify potential solutions/exceptions for denied loan files;
• Provide superior customer service while maintaining knowledge of available loan products;
• Perform other duties as assigned.

QUALIFICATIONS

• EDUCATION: High School Diploma or equivalent.
• EXPERIENCE: Minimum 2-4 years of mortgage banking experience specific in underwriting; technical history with FHLMC, FNMA, FHA, VA or equivalent mortgage products.

SKILLS/ABILITIES

• Strong analytical and auditing skills along with a firm grasp on math
• good decision-making skills backed by relevant details and research
• knowledge pertaining to mortgage regulations
• customer service and communication skills
• ability to handle delicate situations with diplomacy and tact

Applicants must be authorized to work in the United States without the need for visa sponsorship now or in the future.

WHY WORK FOR US?

Since opening our first branch in Los Angeles in 2008, Royal Business Bank (RBB) has grown rapidly by adding branches in Southern California, Nevada, New York, and Chicago. We offer a comprehensive and innovative suite of banking services for individuals and businesses. We have great benefits that include, but not limited to:

• Medical insurance
• Vision insurance
• 401(k)
• Disability insurance

Seniority level

Associate

Employment type

Full-time

Job function

Finance

Industries

Banking

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Royal Business Bank is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law.