Mortgage Underwriter

$29 - $49/Yr

First Fed - Bellevue, WA

Full-time - Mid Level

Bellevue, WA

Credit Intermediation and Related Activities

About the position

First Fed is a local community bank on an exciting growth trajectory with 18 locations including 12 full-service branches in Western Washington. First Fed was recognized by the Puget Sound Business Journal as a Best Workplace for the last 3 years and a Top Corporate Philanthropist in 2023. By popular vote, First Fed received 2023 awards for Best Bank in The Best of the Northwest, Best Banker in Readers' Choice by Cascadia Daily News, and Peninsula Daily News named us Best Bank on the Olympic Peninsula. We also received a Best-In-State bank award from Forbes in 2021. For over 100 years First Fed has served our customers and communities throughout the PNW. We've donated over $9 million to non-profit organizations in the past 8 years through our foundations, sponsorships, direct donations, and matched employee donations. Our amazing team has volunteered over 25,000 hours in the past 5 years - many by using our benefit of 3 paid volunteer days per year! We welcome applicants from all backgrounds - our diversity makes us stronger. Join our award-winning team!

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

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.