Mortgage Underwriting Supervisor

U.S. Bank; Washington; On-site; USD 90,000 - 140,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) and employer-funded retirement plan

Paid vacation

Adoption assistance

Sick and Safe Leave accruals

Sick and Safe Leave

Job summary

A leading financial institution in Washington seeks a Mortgage Underwriting Team Lead to oversee daily operations, analyze loan applications, and assess credit risks. The ideal candidate will have five to seven years of experience in mortgage underwriting, along with essential leadership skills and a bachelor's degree or equivalent. Benefits include medical, dental, vision insurance, a 401(k) plan, paid vacation, and holiday opportunities. A commitment to equal employment opportunity is emphasized.

Qualifications

• Five to seven years of mortgage underwriting operations experience are required.
• One to three years of experience in a leadership role is required.
• VA Staff Appraisal Reviewer (SAR) designation is preferred.
• FHA Direct Endorsement underwriting designation is preferred.
• Strong mathematical skills.
• Proficient computer skills.
• Excellent verbal and written communication skills.

Responsibilities

• Direct day-to-day activities of a designated Mortgage Underwriting Team.
• Analyze and evaluate residential loan applications.
• Gather, analyze and interpret credit information.
• Approve or deny loans and make credit structure decisions.
• Approve and/or deny loans within certain limits and make credit structure and loan eligibility decisions.

Skills

Advanced understanding of real estate values

Strong mathematical skills

Excellent verbal communication skills

Excellent written communication skills

Proficient computer skills

Computer skills

Education

Bachelor's degree or equivalent work experience

VA Staff Appraisal Reviewer (SAR) designation

FHA Direct Endorsement underwriting designation

Job description

Job Description

Responsible for directing the day-to-day activities of a designated Mortgage Underwriting Team. Analyzes and evaluates residential loan applications originated by U.S. Bank branch offices in accordance with industry and business unit standards. Gathers, analyzes and interprets all types of credit information for existing and prospective retail banking customers in order to maximize credit and minimize risk and potential loss. Develops and maintains a loan underwriting portfolio consistent with the Bank's guidelines for credit quality and Investor or Insurer standards. Approves and/or denies loans within certain limits and makes credit structure and loan eligibility decisions.

Basic Qualifications

• Bachelor's degree, or equivalent work experience
• Five to seven years of mortgage underwriting operations experience
• One to three years of experience in a leadership role

Preferred Skills/Experience

• Advanced understanding of factors affecting real estate values and credit analysis
• Strong mathematical skills
• Proficient computer skills
• Excellent verbal and written communication skills
• VA Staff Appraisal Reviewer (SAR) designation preferred
• FHA Direct Endorsement underwriting designation preferred
• This role requires working in Pacific Standard Time Zone.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer‑funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Equal Employment Opportunity Statement

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

Legal Disclaimer

U.S. Bank participates in the U.S. Department of Homeland Security E‑Verify program in all facilities located in the United States and certain U.S. territories. The E‑Verify program is an Internet‑based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E‑Verify program.