Mortgage Underwriter

$29 - $49/Yr

First Fed - Bellingham, WA

Full-time - Entry Level

Bellingham, WA

Credit Intermediation and Related Activities

About the position

First Fed is seeking a Mortgage Loan Underwriter to analyze documentation related to mortgage loan requests to safeguard the bank's assets. The position involves reviewing loan files for accuracy, ensuring compliance with portfolio or investor guidelines, and collaborating with other departments to provide top-tier customer service. The role may also include mentorship responsibilities for senior underwriters, depending on the level of the position.

Responsibilities

• Review loan files to determine accuracy of income, assets, credit, pricing, and product parameters.
• Examine overall loan documentation to ensure accuracy and completeness.
• Ensure loans meet portfolio or investor guidelines.
• Decision loans within signing authority.
• Review and approve appraisal reports and assess company risk in accordance with guidelines.
• Establish a working knowledge of lending programs and underwriting guidelines, including secondary marketing requirements.
• Collaborate with other departments to provide top tier customer service.
• Develop and maintain a working knowledge of First Federal lending policies, procedures, and systems.

Requirements

• High school diploma or certified equivalency required; Associate degree with accounting, finance or real estate coursework preferred.
• Strong problem-solving skills.
• Ability to use independent judgment in credit and property analysis of potential loans.
• Ability to work independently and multi-task in a fast-paced environment where deadlines must be met.
• Must be self-motivated and a self-starter.
• Active learner with demonstrated ability to seek out resources and address own learning needs effectively.

Nice-to-haves

• Minimum of 2 years of underwriting experience for Mortgage Loan Underwriter position.
• Minimum of 5 years of underwriting experience for Senior Mortgage Loan Underwriter position.

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Paid time off
• Retirement plans (401k with company match and Employee Stock Ownership Plan)
• Gym membership reimbursement
• Discounts on banking products
• Mortgage Support Incentive plan paid quarterly based on loan volume closed