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Mortgage Banking Loan Underwriter

2 months ago


Los Angeles California, United States City National Bank Full time
About the Role

City National Bank is seeking a highly skilled Mortgage Banking Loan Underwriter to join our team. As a Loan Underwriter, you will play a critical role in evaluating and assessing loan applications to determine a borrower's creditworthiness and their ability to repay the loan based on a predetermined set of investor guidelines.

Key Responsibilities
  • Loan Application Review: Review all submitted loan applications to ensure all necessary documentation is complete, accurate, and meets Fannie/Freddie and/or Investor guidelines.
  • Risk Assessment: Evaluate borrower's financial status, credit history, employment stability, and other risk factors needed for a credit decision.
  • Property Appraisal Review: Assess property appraisals to confirm the value aligns with the loan amount and determine if the property meets all investor collateral criteria.
  • Compliance: Ensure that all underwriting decisions comply with federal, state, and CNB regulations as well as meet established investor criteria.
  • Decision Making: Approve, conditionally approve, or deny mortgage loan applications, providing clear reasoning, conditions for each decision, and alignment to all internal and external guidelines.
  • Communication: Collaborate with loan officers, processors, and other stakeholders to gather additional information, clarify discrepancies, and discuss loan conditions.
  • Documentation: Maintain thorough and accurate records of underwriting decisions and all related communications both internal and external.
Requirements
  • Education: Bachelor's Degree or equivalent.
  • Experience: Minimum 5 years' of recent experience structuring and underwriting Fannie/Freddie or multi-investor loans.
  • Skills and Knowledge: Strong credit analysis and accounting skills with the ability to communicate skillfully and effectively in both verbal / written forms. Good organizational skills. Ability to work well independently and in teams and interact effectively with all levels of Bank personnel and outside contacts.