Conventional Underwriter 2

Position Title

Conventional Underwriter 2

Location

Work From Home CA, CA 94203

Job Summary

The Conventional Underwriter 2 will handle basic to moderately complex levels of mortgage loan applications and evaluates loans in order to maximize organizational profit and minimize risk or loss. The Conventional Underwriter 2 is responsible for collateral evaluation for most property types including multi-family and condos. Well-versed in standard concepts, practices, and procedures of residential underwriting and is able to ensure that loan meets agency salability or insurability. Able to apply elements of manual underwriting but is
primarily reliant on automated underwriting to make a sound credit decision. The Conventional Underwriter 2 is expected to accurately identify risk factors along with the presence of compensating factors that mitigate risk to the bank, adding supporting comments and documentation accordingly. Excellent quality is required, while working in a fast paced production environment.

Job Responsibilities:

• Properly applies Flagstar, investor and compliance/regulatory guidelines while underwriting basic to moderately complex loan transactions.
• Places the proper conditions on a loan.
• Formulates clear, concise and actionable conditions.
• Underwrite automated (AUS) loans while applying sound judgment on decisions that fall outside of the automated underwriting process.
• Review and clear conditions based on Flagstar and investor guidelines within a designated time frame.
• Provide professional and knowledgeable assistance and communication to customers and internal groups.
• Follow-up with customers in a timely and in an actionable format.
• Assists underwriter level 1 and assistant underwriters with complex loan files, as needed.
• Other duties may be assigned at the discretion of management.
• Uses independent judgement and discretion to make decisions.
• Analyzes and resolves problems.

ADDITIONAL ACCOUNTABILITIES

• Performs special projects, and additional duties and responsibilities as required.
• Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.

JOB REQUIREMENTS

Required Qualifications:

• Education level required: High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent.
• Minimum experience required: 3+ years of conventional underwriting experience.
• Basic-Intermediate underwriting experience is required.
• Basic-Intermediate collateral assessment (appraisal analysis) is required.
• Experience with Desktop Underwriting and Loan Prospector.

Preferred Qualifications:

• Certified Residential Underwriter preferred.

Job Competencies:

• Extreme attention to detail and organization.
• Strong email etiquette.
• Ability to build relationships with customers, sales and internal groups.
• Ability to analyze moderately complex income, assets, credit and collateral.
• Proven decision-making skills.
• Displays initiative and drive for results .
• Able to work independently.
• Strong problem-solving, analytical and resolution skills.
• Good written and oral communication skills.
• Able to perform duties within prescribed productivity timelines while maintaining high quality.
• Utilizes proper listening skills to identify and resolve issues quickly.
• Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross functional insights. Aligns relationship building efforts with enterprise goals to accelerate performance and drive strategic results.
• Builds trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience.
• Fosters or supports a positive work culture and productive work environment, displaying importance of effective relationships with customers and stakeholders.

• Physical demands (ADA): No unusual physical exertion is involved.

Flagstar is an Equal Opportunity Employer

We are committed to providing clear and accurate compensation information in accordance with applicable laws. Actual starting base pay will be determined based on location, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment. Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Please click the following link for detailed information: Benefits | Flagstar Bank

Pay Range

$25.98 - $43.46

Qualified applicants with arrest or conviction records will be considered for employment in accordance with the California Fair Chance Act, the Los Angeles County Fair Chance Ordinance, the City of Los Angeles Fair Chance Initiative for Hiring Ordinance, and the San Francisco Fair Chance Ordinance, as appliable.

High school diploma or equivalent and 3+ years of conventional underwriting experience, including appraisal analysis, Desktop Underwriting, and Loan Prospector; strong analytical and communication skills required.

Key Responsibilities

• underwriting loans
• evaluating collateral
• resolving problems

Skills & Tools

Desktop Underwriting, Loan Prospector

Job Details

• Category: Finance and Accounting
• Seniority: Mid Level
• Commitment: Full Time
• Workplace: Remote — California, United States
• Salary: USD 54,038 – 90,396 / year
• Languages: English

About Flagstar

A regional bank providing personal, private, small business, and corporate and commercial banking services. — Industry: Finance