Underwriting Officer, Mortgage Loan

Mortgage Underwriter

Following established policies and department procedures, responsible for underwriting mortgage loans and home equity lines of credit. The Mortgage Underwriter position is responsible for underwriting conventional, jumbo home loans and home equity lines of credit following established company and agency guidelines and ensuring compliance with applicable government rules and regulations. Ideal candidates will be service-focused with excellent time-management and communication skills, can multitask, and must be detail oriented.

Essential functions include:

• Underwriting mortgage loans and home equity lines of credit in compliance with Bank's established or investor credit guidelines.
• Conducting initial and final underwriting reviews and rendering decisions within the regulatory required timeframes.
• Ensuring compliance with Bank, regulatory and credit requirements with emphasis on quality client service while adhering to given deadlines.
• Assisting mortgage loan originators in understanding loan conditions.
• Responding to audits and post-closing issues in a timely manner.

Qualifications include:

• College graduate with major in accounting or business preferred or related experience.
• Minimum five years of mortgage lending and banking experience with good knowledge of lending regulations and credit/collateral analysis practices.
• Loan Origination System proficient. Experience with Empower a plus. Good verbal and written communication skills. Bilingual a plus. Organized and detail oriented. Able to develop working knowledge of Bank's credit underwriting policies and approval process for assigned loans. Ability to analyze complex credit transactions, asset documents, and personal & business tax returns. Must possess strong problem-solving skills and be able to prioritize workload and manage pipeline efficiently. Ability to work effectively in a fast-paced, high production environment. Strong analytical skills. High level of latitude and ability to develop viable solutions within scope of applicable laws and regulations.

Pay range: $35.58 – $39.42 / hour. This position may be eligible for a discretionary bonus.

Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.