Underwriter
$41,600–$41,600 year
On-siteEl Monte, California, United States
Job Summary
Review and evaluate loan documents, analyze debt-to-income ratios and credit reports to identify fraud, and verify appraisals meet secondary market standards. Work with loan processors and officers to collect documentation, determine if additional information is needed, and provide borrowers with suitable loan program options. Stay abreast of current regulations, ensure system inputs match the Automated Underwriting System, and resolve escalated issues from junior teammates. This role involves underwriting FHA and Conventional loans at East West Bank, a premier financial bridge between the East and West. The position requires clear communication of decisions to sales, processing staff, and borrowers.
Required Qualifications
- High school diploma or equivalent
- Five or more years underwriting conventional loans
- Expert-level knowledge of overall mortgage lending processes, including underwriting, funding, and loan processing
- Expert-level knowledge of valid documentation related to the processing consumer mortgage applications
- Expert-level knowledge of underwriting and regulatory requirements
- Detailed knowledge of federal, state, and regulatory requirements/guidelines related to consumer mortgage lending and internal processes and controls
- Ability to think critically, including the ability to evaluate facts and data to draw conclusions, and determine the downstream impact of decisions and associated risks
- Ability to prioritize multiple tasks in a deadline-driven environment
- Strong sense of urgency and responsiveness
- Intermediate math skills
- Strong verbal and written communication skills
- Strong detail orientation and highly organized
- Prior experience using internal data entry systems, Microsoft Word, Excel and PDF/Document Retention programs
- Applicants must have legal authorization to work in the United States
- We do not offer visa sponsorship at this time
Desired Qualifications
- College courses/technical training related to Business, Finance/Accounting, Legal, or related field
- Experience working within Encompass
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