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Mortgage Underwriter

Company: Mechanics Bank
Location: Walnut Creek
Posted on: May 16, 2020

Job Description:

MECHANICS BANK is looking for a MORTGAGE UNDERWRITER for our WALNUT CREEK, CA LOCATION.

Responsible for underwriting and approving real estate secured consumer loans. This includes, but is not limited to, the review of required documentation, ordering & reviewing, direct interaction with loan processing, title companies, loan services department, loan operations, legal and compliance. Must be familiar with Bank laws and regulations that meet portfolio guideline or agency requirements for real estate secured loans, including single family residential (SFR) loans and home equity lines of credit (HELOC's).

*THIS ROLE DOES NOT PROVIDE REMOTE WORK AT THIS TIME.

WHAT YOU WILL DO:

* Review and approve real estate secured consumer loan applications that are generated internally from the Retail and Institutional Divisions per the Bank s underwriting guidelines.

* Review documentation necessary for the placement of real estate secured consumer loans, including third party reports such as credit, appraisal, title, tax transcripts, income and asset information, bank statements, hazard and flood insurance and special documentation required for loans to self-employed borrowers and special purpose entities, such as Trusts and LLCs.

* Understand the Banks underwriting guidelines for real estate secured consumer loan products.

* Apply common sense underwriting methods to responsible, safe and sound exceptions lending.

* Adhere to underwriting exceptions protocol as defined by the SVP.

* Assures adherence to correct and current loan processing procedures, compliance laws and regulations, including, but not limited to, CFPB guidance, Reg Z, Reg B and TRID, relevant portions of the Bank Secrecy Act (BSA), OFAC, USA Patriot Act, Gramm-Leach-Bliley Act and Anti-Money Laundering (AML) guidelines and Fair Lending requirements.

* Provides regular updates to the Real Estate Consumer Lending Department and the Bank on same, as needed.

* Is current and able to articulate any relevant compliance regulations, Bank policies and procedures and documentation requirements.

* Ensures that quality control procedures are maintained in all aspects for the different types of real estate secured consumer lending activities of the Bank.

* Performs and participates as needed in internal and external audits, compliance and regulatory reviews, as required.

* Interfaces with credit and loan documentation personnel in a positive, collegian and constructive manner.

* Identifies and reports suspicious activity and files PSAR reports as needed.

* Assists in evaluating and improving hard and soft infrastructure including policies, processes, procedures and technology applications.

WHO YOU ARE:

* Minimum of three (3) to five (5) years of real estate secured consumer lending experience in underwriting and processing in a banking and/or portfolio environment.

* Extensive knowledge of underwriting, processing, closing and funding real estate secured consumer mortgage loans and home equity lines of credit.

* Ability to understand and interpret credit, title and appraisal reports, and third party reports such as Compliance Ease and Fraud Guard and other key loan documentation such as tax returns, bank statements, asset statements, tax analysis, and special purpose entity documentation such as Trusts and LLC s.

* Must have excellent verbal and written communication skills, and able to work in a fast paced environment.

* Ability to communicate with loan officers regarding clearing underwriting conditions and pending documentation.

* Minimum of 6 months of HELOC (Home Equity Line of Credit) experience in a banking/portfolio environment.

* Strong understanding of all relevant consumer loan regulations and credit practices including, but not limited to, Regulation B (ECOA), BB (CRA), C (HMDA) Flood Disaster Protection Act, Real Estate Appraisal regulations and guidelines.

* Must have excellent attention to detail and good organizational skills.

* Able to work independently and with a team and comfortable working with a redeveloping business unit and a fluid and dynamic work environment.

* Must have acceptable quantitative and technical skills and proficiency in all Microsoft Office products, including Excel, MSWord, MS PowerPoint, Adobe Products and an interactive Virtual Desktop Interface (VDI) environment and operating system, Encompass.

* Must be able to work overtime as needed.

* Undergraduate degree in finance and/or accounting preferred.

* Must be familiar with analyzing self-employed personal tax returns and using third party software for tax analysis purposes, such as FNMA 1084.

* MECHANICS BANK IS AN EQUAL OPPORTUNITY EMPLOYER AND ALL QUALIFIED APPLICANTS WILL RECEIVE CONSIDERATION FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, SEX, SEXUAL ORIENTATION, RELIGION, NATIONAL ORIGIN, AGE, GENETIC INFORMATION, VETERAN STATUS, OR ON THE BASIS OF DISABILITY, GENDER IDENTITY, SEXUAL ORIENTATION OR OTHER BASES PROHIBITED BY APPLICABLE LAW.

* Please view Equal Employment Opportunity Posters provided by OFCCP here.

Keywords: Mechanics Bank, Walnut Creek , Mortgage Underwriter, Accounting, Auditing , Walnut Creek, California

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