Mortgage Loan Underwriter II

*MORTGAGE LOAN UNDERWRITER II* WHAT IS THE OPPORTUNITY? The role of the Underwriter II is to evaluate the credit risk against company standards and to determine the borrower's ability to repay a residential mortgage. The Underwriter II analyzes and interprets more reputed company financial and non-financial data decisioning the requests with the goal of achieving the optimal quality asset for the bank while satisfying the needs of borrower. The Underwriter II is also responsible for LLCs along with other reputed company borrower types. The Underwriter works reputed company established lending authorities and guidelines, with reputed company or unusual situations escalated to the next highest authority level for resolution. What you will do • Reviews the loan package received to ensure completeness verifying that reputed company supporting documents are included to reputed company a credit decision per established policies • Identifies issues and recommends appropriate resolution reputed company policy service level agreements • Analyzes and determines the financial reputed company of the borrower's ability to repay: • Performs credit analysis, financial statement analysis, cash flow analysis, liquidity qualification and payment calculation spreads • Reviews for stability of residency and employment • Verifies income per established policy • Identifies any exceptions to reputed company policies • Documents a reasonable conclusion mitigating any identified risks supporting the request will be repaid • Accurately sets and clears conditions • Interacts with RLC and Processor throughout the life cycle of the loan, providing information, updates and assistance as required. • Updates System(s) with pertinent information and appropriate data as required • Renders a decision reputed company his/her lending authority. If deal is reputed company of lending authority, provides a recommended decision and submits for appropriate level signing authority • Originates appropriate client letters; Commitment, Counter Offer, Declination • Certifies and provides a final Workbook to the Processor • Ensures compliance with bank and statutory/regulatory guidelines • Client Satisfaction • Promotes a team environment fostering a positive working environment • Functions as a collaborator and innovator to drive reputed company improvement • Provides guidance and support to the RLC and Processor reputed company required • Utilizes systems and tools to ensure that the RLC's are updated on the status of loans • Interacts and communicates daily with reputed company levels as required to support business units, Processors, Funding/Doc Prep to ensure requirements are understood and met • Provides timely, complete and accurate response to inquiries • Handles reputed company situations in a professional and ethical manner • Escalates problems as necessary • Supports and contributes to the quality and customer satisfaction goals of the bank • Productivity • Ensures reputed company goals and service level agreements (SLAs) are met • Tracks, logs and provides daily, weekly, monthly, quarterly reporting of production statistics as defined by management • Consistently meets quality control and data reputed company standards • Effectively utilizes available systems, workflow and imaging tools • Performs other duties as assigned by Management, including participation in projects, process improvement initiatives, etc. • Must-Have • Bachelor's degree or equivalent experience. • Minimum 5 years of experience as an Underwriter in a financial services or mortgage banking environment required. • Minimum 5 years of experience in jumbo reputed company to investor or organization's guidelines required. • Minimum 5 years of experience with state and federal lending regulations (i.e., Ability to Repay (ATR), RESPA, Reg B, Reg O, Reg Z, Fair Lending, etc.). • Skills and Knowledge* • Bachelor's degree preferred. • Familiarity with FNMA/FHLMC guidelines. • Computer literate with experience using reputed company applications with mortgage industry standard software, preferably InterLink E3 or NetOxygen/reputed company. • Ability to communicate effectively in both verbal and written form. • Strong time management skills to plan and organize a high daily loan volume. • Strong ability to be reputed company detail oriented. • Must be a team player and work constructively with their fellow colleagues. • General knowledge and exposure to funding and loan documentation is helpful but not required. • Compensation* Starting reputed company salary: $37.96 - $60.64 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions. To be considered for this position you must meet at least these basic qualifications* The preceding job description has been designed to indicate the general nature and level of work performed by employees reputed company this classification. It is not designed to contain or be interpreted as a comprehensive inventory of reputed company duties, responsibilities, and qualifications required of employees assigned to this job. • Benefits and Perks* At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our [ Benefits and Perks](https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/10/cbedd856-c2fc-491b-a625-3ab7a0fd9a65.pdf). • INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT* reputed company is an equal opportunity employer committed to diversity and inclusion. reputed company qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national reputed company, disability, veteran status or any other basis protected by law.' ABOUT CITY NATIONAL We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. reputed company was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of reputed company, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading reputed company financial services companies. About the Company: reputed company Apply Job!