UNDERWRITER III

Union Bank of CaliforniaInvest in your career. Invest in your future.
 
At Union Bank of California, our people are our greatest asset. We are one of the largest banks in California with a longstanding reputation for professional training and career development. In addition to investing in our employees, Union Bank has established a generous community reinvestment program that works to uplift communities and watch them grow. We invest in a diverse workforce as our employees come from many different backgrounds, bringing with them different experiences and perspectives.
 
Become part of a team where community, diversity, and exceptional service are part of everyone’s job. Invest in you!
 
Evaluate and analyze residential loan packages submitted for approval to Union Bank of California and possible sale in the Secondary Market.  Determine borrowers' credit worthiness and acceptability of properties offered as security in real estate loan transactions.
 
Major Responsibilities
Evaluate and underwrite complex, high risk loan applications.
 
Review loan approval conditions prior to funding of loans.
 
Analyze possible loans for the Secondary Market sale; ensure the loans meet the Secondary Market requirements.
 
Analyze requests for exceptions to Bank policy and determine acceptability to the Bank's risk requirements.
 
Communicate with residential loan branches regarding final loan decisions, approval, and pre-approval conditions/situations.  Must be able to communicate with mortgage brokers.
 
Maintain and update various logs to meet departmental and auditing requirements.
 
Provide training and work direction to lower level Underwriters.
 
May require supervision of staff during the manager's absence.
 
Perform other duties as assigned.

Typically requires a BA or BS degree and 3 to 5 years of technical experience.  Must have be able to analyze complex tax returns, both personal and business. 
 
Minimum of three years of underwriting experience or equivalent work experience.  Must be able to underwrite files manually and validate automated approvals.
 
Advanced knowledge of FHLMC/FNMA underwriting guidelines and appraisal procedures.  Must have heavy compliance experience.
 
Supervisory experience preferable.