FHA Underwriter Position


FHA Underwriter

San Jose, CA Western Bancorp
Benefits Offered Vision, Medical, Life, Dental, 401K
Employment Type Full-Time

Job Summary:
As a highly skilled member of the operations team, an FHA Underwriter is responsible for reviewing loan file documentation including the 1003, credit, income, assets, and property, in accordance with Western Bancorp’s policies, procedures, and posted guidelines, while making sound credit decisions.

Core Responsibilities:
Analyze credit, income, assets, LTV/CLTV in accordance with posted guidelines, as well as Western Bancorp’s policies and procedures

Assess overall risk of each loan and issue underwriting decision in a clear and concise manner within Western Bancorp’s service level agreements

Maintain thorough knowledge of agency guidelines, as well as Western Bancorp’s posted guidelines, policies and procedures

Identify red flags, ensuring each red flag has been addressed and the loan meets Western Bancorp’s posted guidelines, policies, and procedures

Maintain minimum file requirements as well as condition review turn-times as set for by Western Bancorp’s service level agreements

Maintain communication with brokers/processors/account executives/customer service reps to ensure all questions are answered in a timely manner

Job Requirements
Minimum 4 years recent experience underwriting agency and FHA loans with a valid CHUMS

Demonstrated knowledge of FNMA, FHLMC, and FHA guidelines

Strong analytical skills

Excellent written and verbal communication skills

Must be a self-starter, dependable, and accurate with strong attention to detail

Must have ability to multi-task in a fast paced environment, and facilitate change whether indicated by management, market changes, or regulatory requirements

Ability to prioritize and manage time to meet Western Bancorp’s service level agreements