Mortgage Underwriter / Sr Mortgage Underwriter
Posted on: 6 Apr 2021
Brea, CA
Job Description
Job Description:
As a Bank of America Mortgage Underwriter you will be responsible for but not limited to the underwriting of residential loans ensuring compliance with appropriate company and secondary market investor standards. A Mortgage Underwriter will be responsible for examining loan documentations for accuracy and completeness while working with loan originator or production staff to secure all required documents. You may be required to work with more senior mortgage underwriters on loan exceptions having the authority to withdraw and decline loans. Mortgage Underwriters may be involved in one or several types of mortgage lending (conventional, government-backed, etc.) You may also be required to respond directly to individual and investor audits. This job code includes all levels of underwriting authority and exception levels.
Required skills:
- Strong analytical skills.
- 1-2 year previous manual Mortgage Underwriting experience.
- Strong oral and written communication skills.
- Excellent interpersonal skills.
- Must have excellent problem solving skills.
- Thorough understanding of credit and an ability to review complex financial documents.
- Ability to assess an individual's creditworthiness while adhering to all regulatory and compliance requirements.
- Ability to make credit recommendations.
- Commitment to teamwork.
- Ability to meet production, quality and service standards along with providing direct coaching and feedback to ensure quality.
- Self-motivated.
- Ability to work in a fast-paced, high volume environment, while practicing sound lending judgment.
Desired skills:
- FHA and VA underwriting experience with DE and SAR.
- Customer contact experience & customer focused.
- Computer & typing skills, with knowledge of Microsoft office.
- Self starter, positive attitude & ability to multi-task.
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America
Charlotte, NC
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates through four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans.
This segment provides its products and services through approximately 4,300 financial centers; 16,300 ATMs; call centers; and digital banking platforms. The GWIM segment offers investment management, brokerage, banking, and trust and retirement products; and wealth management solutions targeted to high net worth and ultra high net worth clients, as well as customized solutions to meet clients’ wealth structuring, investment management, and trust and banking needs, including specialty asset management services.
The Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services.
The Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1874 and is headquartered in Charlotte, North Carolina.
-
IndustryBanking/Financial Services
-
No. of Employees205,000
-
Website
-
Jobs Posted2694
