Job Title: Mortgage Loan Underwriter
Department: Loan Production
Reports To: Underwriting Manager
Summary Approves or denies mortgage loans by performing the following duties.
Essential Duties and Responsibilities include the following.
Reviews and evaluates information on mortgage loan documents to determine if buyer, property, and loan conditions meet establishment and government standards.
Determines terms and acceptability of risk of prospective business.
Sets prices for prospective mortgage loan applicants.
Negotiates directly with mortgage loan brokers.
Approves or rejects loan application, or requests additional information.
Records loan rejections, specifying investor and institution guidelines and basis for declining application, such as insufficient cash reserves.
Assembles documents in loan files, including acceptance or denial, and returns files to originating mortgage loan office.
Maintains database on new and existing business.
Responds to quality control findings for loans underwritten.
Other duties may be assigned.
This job has no supervisory responsibilities.
To perform the job successfully, an individual should demonstrate the following competencies :
Analytical - Collects and researches data; Uses intuition and experience to complement data.
Problem Solving - Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions; Works well in group problem solving situations.
Oral Communication - Listens and gets clarification; Responds well to questions.
Organizational Support - Follows policies and procedures; Completes administrative tasks correctly and on time.
Strategic Thinking - Develops strategies to achieve organizational goals.
Judgement - Displays willingness to make decisions; Exhibits sound and accurate judgment; Supports and explains reasoning for decisions; Includes appropriate people in decision-making process; Makes timely decisions.
Quality - Demonstrates accuracy and thoroughness; Looks for ways to improve and promote quality; Applies feedback to improve performance; Monitors own work to ensure quality.
Quantity - Meets productivity standards; Completes work in timely manner; Strives to increase productivity.Position Requirements
Qualifications To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education and/or Experience
Bachelor's degree (B. A.) from four-year college or university; and two or more years Mortgage Underwriting experience and/or training; or equivalent combination of education and experience. Must be capable of handling multiple projects. Previous bank and portfolio underwriting experience preferred . Full-Time/Part-Time Full-Time
Req Number MOR-18-00008
Location Los Angeles Branch
About the Organization As a trusted neighborhood bank, Sterling Bank & Trust provides a comprehensive choice of banking solutions, innovative loan products and outstanding personal service to individuals, professionals, businesses and commercial customers. We're known for highly competitive deposit rates, expertise in mortgage lending and keeping deposits at work in the local community. Our customers know that they can stop by any branch and be treated like family. Since the Bank was founded in 1984, our customers have trusted us to help them handle their banking and financial needs.
We have neighborhood branches in San Francisco and the Bay area. We have expanded on the West Coast into Los Angeles, and Seattle, where we have a loan production office.
In 2017, Sterling Bank & Trust expanded to New York with its division, SBT Advantage Bank. SBT Advantage Bank offers the same great banking solutions, innovative loan products, and outstanding service that has made Sterling Bank & Trust a success. SBT Advantage has opened loan production offices in Manhattan and Flushing with additional locations coming soon.
We continue to grow our bank to better serve our customers and the communities we serve across the country. The bank has over $3 billion in assets.
EOE Statement We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.