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Western Alliance Bank logo
Western Alliance Bank

Western Alliance Bank, founded in 1994, is a prominent banking institution with more than $80 billion in assets, recognized as a top U.S. bank in 2024 by Americ

Underwriter II

Location

United States

Posted

112 days ago

Salary

0

No structured requirement data.

Job Description

Underwriter II

Western Alliance Bank

This description is a summary of our understanding of the job description. Click on 'Apply' button to find out more. Role Description As a Mortgage Underwriter II, you'll be accountable for reviewing and approving condominium projects for Agency, Non-QM, and FHA in the Delegated, Non-Delegated, and Retail channel in alignment with internal guidelines and investor requirements. - Underwrite Agency Conventional loans by reviewing the credit, capacity, and collateral characteristics of loan files to ensure it meets company and investor quality standards. - Review and clear underwriting conditions on Conventional and Government loans in compliance with current guidelines and overlays. - Conduct detailed assessments of project documentation, identify potential risks, and ensure project eligibility to support accurate and salable loan decisions. - Review and underwrite condominium project approvals for loans in accordance with company guidelines and investor standards. - Manage individual pipeline on a daily basis by completing Underwriting Reviews, appraisal reviews, and conditions reviews within defined turn times as applicable. - Identify any document deficiencies, add applicable conditions, and request additional information and/or documentation from customers as needed. - Contact customers to provide updates and clarification on outstanding conditions and deficiencies identified on loans per established process. - Assist others in the department in interpreting underwriting guidelines and updating underwriting status and conditions to customers. - Perform independent research of guidelines and overlays while reviewing loans. Qualifications - 5+ years of related experience in Mortgage Industry, Residential Mortgage Loan underwriting or similar field. - High school diploma required. - Intermediate to advanced knowledge of residential mortgage industry in Correspondent or Retail Lending; including sales, operations, and/or other residential mortgage products and services. - Intermediate to advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices. - Intermediate knowledge of FNMA, FHLMC, FHA, VA and USDA Guidelines. - Entry level to intermediate knowledge of MS Office products. - Entry level to intermediate knowledge of Encompass. - Advanced speaking and writing communication skills. Benefits - Competitive salaries - Ownership stake in the company - Medical and dental insurance - Time off - Great 401k matching program - Tuition assistance program - Employee volunteer program - Wellness program - Opportunity to bolster business knowledge and gain invaluable hands-on experience

Job Requirements

  • 5+ years of related experience in Mortgage Industry, Residential Mortgage Loan underwriting or similar field.
  • High school diploma required.
  • Intermediate to advanced knowledge of residential mortgage industry in Correspondent or Retail Lending; including sales, operations, and/or other residential mortgage products and services.
  • Intermediate to advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
  • Intermediate knowledge of FNMA, FHLMC, FHA, VA and USDA Guidelines.
  • Entry level to intermediate knowledge of MS Office products.
  • Entry level to intermediate knowledge of Encompass.
  • Advanced speaking and writing communication skills.

Benefits

  • Competitive salaries
  • Ownership stake in the company
  • Medical and dental insurance
  • Time off
  • Great 401k matching program
  • Tuition assistance program
  • Employee volunteer program
  • Wellness program
  • Opportunity to bolster business knowledge and gain invaluable hands-on experience

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