Underwriter

East West Bank; El Monte (CA); On-site; USD 27,552 - 57,859; Full time

Job summary

East West Bank is seeking a Mortgage Underwriter to evaluate FHA and Conventional loans. The role requires clear communication of underwriting decisions to sales, processing staff, and borrowers. Candidates should have in-depth mortgage knowledge and be adept at navigating regulatory requirements.

The position emphasizes accuracy, attention to detail, and the ability to stay current with industry trends. Excellent collaboration with processors and loan officers is essential for timely, compliant

Qualifications

• 5+ years underwriting conventional loans.
• Expert knowledge of mortgage lending processes and guidelines.
• Ability to handle required documentation and regulatory compliance.

Responsibilities

• Review loan documents for accuracy and compliance with company standards and federal guidelines.
• Analyze loan-to-value, debt-to-income, credit, income, assets and down payment sources.
• Review appraisals to ensure secondary market and investor standards are met.
• Collaborate with loan processors and loan officers to finalize packages.
• Request additional documents as needed and provide loan program options.
• Stay current with regulations affecting underwriting decisions and AUS input.

Skills

Mortgage underwriting

Regulatory knowledge

Attention to detail

Communication skills

Education

High school diploma

Tools

Encompass

Excel

Word

PDF retention

Job description

Introduction

Since 1973, East West Bank has served as a pathway to success. With over 110 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates’ potential for career advancement.

Introduction

Since 1973, East West Bank has served as a pathway to success. With over 110 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates’ potential for career advancement.

Headquartered in California, East West Bank (Nasdaq: EWBC) is a top-performing commercial bank with a strong foundation, an enterprising spirit and a commitment to absolute integrity. East West Bank gives people the confidence to reach further.

Overview

East West Bank is seeking a Mortgage Underwriter. The Mortgage Underwriter will be responsible for underwriting FHA and Conventional loans. The position requires that the candidate have the ability to clearly communicate underwriting decisions and stipulations to sales, processing staff and borrowers.

Responsibilities

• Review and evaluate loan documents to ensure accuracy, completeness, and compliance with company standards, federal and agency standards and guidelines, as well as any applicable state-specific and or local regulations, ordinances, etc.
• Analyze customer's loan-to-value ratio, debt-to-income ratio, credit report, application, income and assets, source(s) of down payment funds, and supporting documentation to identify potential fraud or misrepresentation.
• Review appraisals to ensure that loans meet secondary market, investor, and company standards.
• Work with Loan Processors and Loan Officers on collecting information and documentation necessary to finalize incomplete loan packages.
• Determine if additional documentation or information would aid loan decision; request additional documentation or information accordingly.
• Provide options and recommendations to borrowers regarding suitable loan programs.
• Stay abreast of current regulations and industry trends that affect compliance and decision-making.
• Verify that system input is accurate and that company systems match Automated Underwriting System (AUS).
• Use expertise to answer questions and resolve escalated issues from junior-level teammates.
• Perform other duties as assigned.
• May perform other duties as assigned
  

Qualifications

• High school diploma or equivalent required; college courses/technical training related to Business, Finance/Accounting, Legal, or related field is preferred, along with total recent work experience that includes five or more years underwriting conventional loans.
• Expert-level knowledge of overall mortgage lending processes, including underwriting, funding, and loan processing.
• Expert-level knowledge of valid documentation related to the processing consumer mortgage applications (e.g., tax returns, financial statements and records, verification of income and deposits, etc.).
• Expert-level knowledge of underwriting and regulatory requirements; detailed knowledge of federal, state, and regulatory requirements/guidelines related to consumer mortgage lending and internal processes and controls.
• Ability to think critically, including the ability to evaluate facts and data to draw conclusions, and determine the downstream impact of decisions and associated risks.
• Ability to prioritize multiple tasks in a deadline-driven environment; strong sense of urgency and responsiveness.
• Intermediate math skills.
• Strong verbal and written communication skills.
• Strong detail orientation and highly organized.
• Prior experience using internal data entry systems, Microsoft Word, Excel and PDF/Document Retention programs.
• Experience working within Encompass preferred
  

Applicants must have legal authorization to work in the United States. We do not offer visa sponsorship at this time.

Compensation

The base pay range for this position is USD $20.00/Hr. - USD $42.00/Hr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.