Senior Residential Mortgage Underwriter

Job Description

Job Description

SENIOR RESIDENTIAL MORTGAGE UNDERWRITER

Department: Consumer & Retail Lending

FLSA Status: Full Time

Reports to: Director of Consumer & Retail Lending

Location/Branch: Rowland Heights

Seniority Level: Mid-Senior Level

Employment Type: Full Time

Salary: $80,000 to $90,000 a year. Exact compensation may vary based on experience, skills, knowledge, and education.

Benefits: Medical, vision, dental, and life insurance, generous sick days, vacation days, and holidays, 401(k) company matching, potential for discretionary bonus.

Join Our Team, Shape Your Future

At New Omni Bank, we believe in the power of talent and innovation to drive success. As a dynamic and forward-thinking financial institution, we’re always on the lookout for individuals who share our passion for excellence and are ready to make a meaningful impact.

About New Omni Bank

We were founded in 1980 on a simple idea of helping our neighbors—a community of immigrants in Los Angeles, coming from diverse backgrounds, finding it hard to get precise banking solutions for their unique needs.

For over four decades of creativity, innovative thinking, and above all – attentiveness, are the hallmarks of our services. Coupled with our extensive network and on-the-ground expertise, we’ve been the catalyst for countless clients, guiding them to grow and thrive in California, across the Pacific, and at every twist and turn. Our legacy of empowerment is proven by continuous recognitions, like a 5-Star Rating from BauerFinancial, Inc. for over 40 quarters.

Position Summary

The Senior Residential Mortgage Underwriter’s primary job function and responsibility is to underwrite residential mortgages, cross-train credit admin staff, and manage production pipeline to ensure quality and efficient flow in the origination process.

Supervisory responsibilities

• Indirectly supervise, support, and train assigned employees in the Credit Administration Department.

Essential Job Functions and Responsibilities

(Duties not limited to those provided here):

[Summary of typical duties and responsibilities of the job]

Function 1

• Underwrite & support for Cr Admin Dept with Portfolio Residential Mortgage underwriting issues and other technical assistance in origination

Function 2

• Review & support Conventional Residential Mortgage processing, submissions, clearing to close, and closing/funding functions and processes.

Function 3

• Provide ongoing training, industry updates, and other relevant information pertinent to operations.

Function 4

• Comply with and adhere to all applicable regulatory requirements, policies, and procedures.

Other Responsibilities (if applicable)

• Pipeline management and maintain operational efficiency and quality.

Qualifications:

• Bachelor's degree in a related field required.

• At least 7 years of experience required, in conforming to jumbo loan limits.
• Familiar with portfolio mortgage product originations
• Well versed with FNMA Selling Guide and or other rules/regulations/laws governing the industry
• Requires active listening, excellent writing skills, communication skills, negotiation skills, conflict resolution skills, organizational skills etc.
• Knowledge of processes pertaining to residential mortgage originations
• Fluency in a second language preferred but not required

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to use hands or fingers, handle, or feel and reach with hands and arms. The employee frequently is required to walk, stand, sit, climb, or balance, and talk or hear. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, and ability to adjust focus. The employee may be required to work at other locations of the Bank.

The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

New Omni Bank, National Association commits to following compliance and adherence to all applicable regulatory requirements, policies, and procedures.

New Omni Bank, National Association’s policy is to provide equal employment opportunities to all applicants and employees without regard to race, color, creed, gender, gender identity or expression, age, national origin or ancestry, citizenship, disability, sexual orientation, marital status, pregnancy, veteran status, membership in the uniformed services, genetic information, or any other basis protected by applicable law.