Team Lead Underwriter

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 The Team Lead Underwriter will be responsible for supporting Underwriting Team's daily operations. The position requires that the candidate have the ability to diligently make credit decisions, provide clear direction, resolve conflicts, clearly communicate underwriting decisions and stipulations to sales, processing staff, borrowers and management. Responsibilities Able to perform the responsibilities of an Underwriter. Provide suitable options and recommendations to Loan Processors, Loan Officers and TeamMembers. Second review and determine if additional documentation would aid loan decision or provide alternative solutions/advices accordingly. Stay abreast of current regulations and industry trends that affect compliance and decisionmaking. Verify that system input is accurate and that company systems match Automated Underwriting System (AUS), as applicable. Use expertise to answer questions and resolve escalated issues from Team Members or other teams. Monitor Team Daily Reports for Team Member and prioritize rush requests Review Counteroffers for Team Member Review/ Dispute Quality Control findings for Team Member Loan Assignment and re-assign loans for Team Member out of office Loan Level review and sign off Manage and approve Team Vacation Provide coaching and guidance to Team Member on all products/loan types including but not limited to all states specific requirements, Outreach, FNMA, Jumbo, business entity, etc. Manage and answer questions for Appraisal review team Take on new loan products/types/special projects and/or 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 ten 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. 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 $50.00/Hr. Exact offers will be determined based on job-related knowledge, skills, experience, and location. #J-18808-Ljbffr East West Bank