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Mortgage Underwriter III

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Sunflower Bank, N.A.

1mo ago

  • Job
    Full-time
    Expert Level
  • Legal
    Banking & Finance
  • Spokane

AI generated summary

  • You need a 4-year degree, 10+ years of underwriting experience, FHA DE, VA LAPP, and expertise in two of these: Portfolio Lending, Construction, or Jumbo Non-Conforming. Proficiency in Microsoft Office is essential.
  • You will review mortgage applications, make underwriting decisions, verify documentation, educate team members, meet deadlines, and ensure compliance with laws and company policies.

Requirements

  • Graduation from a 4-year college or university with related major, preferred
  • At least 10+ years of underwriting experience, or a specific specialty (Construction and/or Jumbo Non-Conforming)
  • FHA Direct Endorsement (DE) approved
  • Veterans Administration (VA) Lender Appraisal Processing Program (LAPP/SAR)
  • Must have a minimum of two of the following specialty areas
  • Portfolio Lending
  • Construction One Time and/or Two Time Close
  • Jumbo Non-Conforming
  • USDA preferred but not required
  • Knowledge of Construction One Time and Two Time Close underwriting
  • Knowledge of Jumbo Non-Conforming Service Release underwriting
  • Must be proficient in Microsoft Office Suite.
  • Must possess excellent verbal, written and interpersonal skills.
  • Must possess excellent organization and multi-tasking skills.
  • Ability to maintain confidentiality.

Responsibilities

  • Render a final underwriting decision (e.g., approved, suspend, denied) for mortgage loan applications based on factors such as capacity, credit history, capital and collateral.
  • Apply underwriting rules from multiple sources to accurately and consistently review individual loan applications. Formulate approval conditions, as appropriate.
  • Review each loan file to verify documents are present, accurate, accurately calculated, compliant and sufficiently complete for an underwriting decision. Review and reach an underwriting decision on the appraisal.
  • Accurately answer questions from and educate loan officers, loan processors, and other appropriate personnel about underwriting rules and how they apply to individual loan applications. Review and answer loan scenario questions from loan officers.
  • Perform necessary computer-based functions for both internal and external IT systems. Conduct online research.
  • Meet ongoing, short deadlines with regard to underwriting, closing, etc.
  • Meet rules, obligations, timelines, and deadlines to comply with company policy, contracts, investor guidelines, lending programs and state and federal law and regulation.
  • Perform the job in accordance with applicable industry laws and regulations as well as the policies and procedures established by the company.

FAQs

What is the hourly pay range for the Mortgage Underwriter III position?

The hourly pay range for this position is $46.00 - $50.00 per hour, depending on knowledge, skills, abilities, experience, and location.

What type of experience is preferred for this role?

Preferred experience includes at least 10+ years of underwriting experience or a specific specialty in Construction and/or Jumbo Non-Conforming loans.

Is a college degree required for this position?

Graduation from a 4-year college or university with a related major is preferred.

What certifications are required for this role?

Candidates must be FHA Direct Endorsement (DE) approved and preferably have Veterans Administration (VA) Lender Appraisal Processing Program (LAPP/SAR) certification.

What are some of the specialty areas an underwriter should have experience in?

Candidates should have experience in at least two of the following specialty areas: Portfolio Lending, Construction One Time and/or Two Time Close, Jumbo Non-Conforming, and USDA (preferred but not required).

What are the essential skills required for this position?

Required skills include proficiency in Microsoft Office Suite, excellent verbal, written and interpersonal skills, strong organization and multi-tasking abilities, and the ability to maintain confidentiality.

What are the working conditions for this position?

The working conditions involve extended periods of sitting or standing, using hands to operate computers or equipment, and may include regular walking, occasional bending, stooping, kneeling, or climbing.

What benefits does Sunflower Bank offer to its associates?

Benefits include a 401(k) Plan with a 6% match, health/dental/vision insurance, company-paid life insurance, tuition reimbursement, fitness reimbursement, paid time off, volunteer leave, paid holidays, and many more associate perks and incentives.

Is there an equal opportunity employment policy at Sunflower Bank?

Yes, Sunflower Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with a disability, sexual orientation, gender identity, or any other characteristic protected by law.

What should I do if I want to apply for this position?

If you qualify, you can apply online at www.sunflowerbank.com/careers. Applications are accepted on an ongoing basis until the role is filled.

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Sunflower Bank, N.A.

Finance
Industry
1001-5000
Employees
1892
Founded Year

Mission & Purpose

Operating as Sunflower Bank, First National 1870 and Guardian Mortgage, Sunflower Bank, N.A. provides financial solutions to the individual communities we serve through a full range of relationship-focused services to meet personal, business and wealth management financial objectives. Whether you know us as Sunflower Bank, First National 1870 or Guardian Mortgage, our philosophy is simple: we offer a full range of financial products that create possibility in the lives we touch and the communities we serve. We value the needs of each customer and partner with them to help achieve their goals with innovative solutions delivered through a regional structure that provides local expertise. We are proud of our longevity and the long-term relationships it represents. Sunflower Bank was founded in 1892. We operate as First National 1870 in Albuquerque, Los Alamos and Santa Fe, New Mexico with roots dating back to 1870. Additionally, Guardian Mortgage, our residential mortgage division, has helped generations of valued customers across our footprint and beyond realize their dreams of homeownership.