Mortgage Underwriter

Ctbc Bank Corp Usa; Monterey Park (CA); Hybrid; USD 70,000 - 95,000; Full time

Job summary

Ctbc Bank Corp Usa in Monterey Park, CA is seeking an experienced Mortgage Underwriter to perform in-depth underwriting reviews of residential loan applications for compliance with state and federal laws, and lender guidelines to support mortgage production and quality control.

The role requires hybrid work, commuting to the Monterey Park office, and a background in underwriting with knowledge of Desktop Underwriter and secondary market practices; strong analytic and communication skills are

Qualifications

• Bachelor’s degree in Finance, Business Administration, Accounting, or other relevant Business fields is preferred.
• Minimum of 3-5+ years of recent mortgage underwriting experience (conventional and non-QM loans).
• Mortgage underwriting experience in retail environment.
• Familiar with Desktop Underwriter and Condo Project Manager.
• Working knowledge of credit, finance, lending procedures and legal and audit regulations.
• Analytic, quantitative, interpersonal, verbal and written communication, and PC skills.
• Must be a demonstrated team player.

Responsibilities

• Review loan documentation for accuracy and completeness.
• Analyze all required information and underwrite all portfolio and secondary market mortgage loan applications for conditional and final approval.
• Communicate corporate and investor guidelines and respond to loan processors, loan closers, and mortgage loan officers (MLOs) in a timely and professional manner.
• Maintain familiarity with regulatory requirements and secondary market guidelines.

Skills

Underwriting

Analytical skills

Communication skills

Team player

PC skills

Education

Bachelor’s degree in Finance, Business Administration, Accounting, or other relevant Business fields

Tools

Desktop Underwriter

Condo Project Manager

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Full Time Monterey Park, CA, US

2 days ago Requisition ID: 2220

POSITION SUMMARY:

Perform in-depth underwriting review of residential mortgage loan applications for compliance with applicable State and Federal laws, adherence to specific lender guidelines to support mortgage productions and quality control.

Ensure familiarity and compliance with the Bank's policies and procedures and governing laws and regulations.

Hybrid work schedule. Must be able to commute to Monterey Park, CA office.

ESSENTIAL FUNCTIONS:

Review: (60%)

Examine loan documentation for accuracy and completeness.

Analyze all required information and underwrite all portfolio and secondary market mortgage loan applications for conditional and final approval.

Communicate corporate and investor guidelines and respond to loan processors, loan closers, and mortgage loan officers (MLOs) in a timely and professional manner.

Knowledge: (25%)

Handle underwriting, quality control plans and reviews, data delivery and appraisal reviews.

Underwrite residential mortgage loan applications in compliance with federal, state regulations and laws and secondary market guidelines.

Maintain a sound knowledge of all regulatory compliance requirements, secondary market activity, practices, and business/industry practices as they impact underwriting quality and origination activity.

General (15%)

• Familiarize and comply with all applicable Bank's policies and procedures as well as governing laws and regulations.
• Performing all assigned duties under Bank's compliance programs and related laws & regulations.
• Successfully completing all mandatory training on related Bank's and BSA compliances as well as other laws and regulations as assigned in a timely manner.

OTHER RESPONSIBILITIES:

• Train new underwriters as well as other team members such as loan processors and loan closers.
• Train and advise MLOs to enhance the credit quality of the bank's portfolio.
• Perform timely response to all Audit and Examination findings.
• Perform other duties as assigned.

EDUCATION, EXPERIENCE AND SKILLS REQUIRED:

• Bachelor’s degree in Finance, Business Administration, Accounting, or other relevant Business fields is preferred.
• Minimum of 3-5+ years of recent mortgage underwriting experience (conventional and non-QM loans).
• Mortgage underwriting experience in retail environment.
• Familiar with Desktop Underwriter and Condo Project Manager.
• Working knowledge of credit, finance, lending procedures and legal and audit regulations.
• Analytic, quantitative, interpersonal, verbal and written communication, and PC skills.
• Must be a demonstrated team player.

PHYSICAL DEMANDS:

• Minimum mobility to work in an office setting; sit for prolonged period of times; operate office equipment including use of a computer keyboard; and reach with hands and arms. Employees are occasionally required to walk and stand and lift and move records and documents weighing 30 pounds or less.

COMMUNICATION DEMANDS:

• Attention to detail, strong organizational, communication, interpersonal, self-motivated, and analytical skills, ability to interact with all levels of management and staff.

WORK ENVIRONMENT:

• Standard office environment. Noise level in work environment is usually average. Hear in the normal audio range with or without correction. Specific vision abilities required by this job include close vision and the ability to adjust focus.

Compensation

The base pay range for this position is USD $70,000.00/Yr. - USD $95,000.00/Yr plus full benefits. Exact offer will be determined based on job-related knowledge, skills, experience, and location.