Mortgage Underwriter

Role Description

Analyzes and evaluates residential loan applications originated by U.S. Bank branch offices in accordance with industry and business unit standards. Gathers, analyzes and interprets all types of credit information for existing and prospective retail banking customers in order to maximize credit and minimize risk and potential loss. Develops and maintains a loan underwriting portfolio consistent with the Bank's guidelines for credit quality and Investor or Insurer standards. Approves and/or denies loans within certain limits and makes credit structure and loan eligibility decisions.

Qualifications

• Bachelor's degree, or equivalent work experience
• Five or more years of mortgage underwriting experience

Requirements

• Advanced understanding of factors affecting real estate values and credit analysis
• Good mathematical skills
• Proficient computer navigation skills
• Excellent verbal and written communication skills
• Experience with FHA, VA, HUD, Portfolio/Non-QM, and Jumbo loans
• FHA Direct Endorsement Underwriting designation
• VA Staff Appraisal Reviewer (SAR) designation
• This role's schedule requires working in Pacific Standard Time zone

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law