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Umpqua Bank Home Lending Underwriter in Tigard, Oregon

JOB PURPOSE

Responsible for underwriting mortgage loans and adhering to regulatory requirements for the Home Lending division.

ESSENTIAL DUTIES AND RESPONSIBILITIES

  • Responsible for underwriting mortgage loans in accordance with all Bank, investor, agency, and regulatory compliance guidelines, performing duties in alignment with these philosophies and directives. Actively review, analyze, and assess mortgage loan packages for approval, declination, counter-offer or restructure.

  • Partner with sales associates for collaboration and delivery of compliant alternatives, solutions, and conflict resolution.

  • Partner and collaborate with HL associates to ensure open communication, timely responses, expedient and accurate underwriting and condition clearing, and a superior customer experience.

  • Responsible for participating and assisting as necessary to respond to or rebut audits, repurchases, or internal quality control findings while maintaining service level agreements and regulatory compliance.

  • Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities -- knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes.

  • Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training.

  • Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations as applicable to this job description.

  • May be asked to coach, mentor, or train others and teach coursework as subject matter expert.

  • Actively learns, demonstrates, and fosters the Umpqua corporate culture in all actions and words.

  • Takes personal initiative and is a positive example for others to emulate.

  • Embraces our vision to become "The World's Greatest Bank."

  • May perform other duties as assigned.

SUPERVISORY RESPONSIBILITIES None

REQUIRED KNOWLEDGE, SKILLS AND ABILITIES

  • Requires a high school diploma or equivalent Bachelor's degree preferred.

  • 4-6 years previous mortgage underwriting experience.

  • Strong knowledge of underwriting procedures, creditor financial analysis techniques, and familiarity with investor requirements.

  • High degree of attention to detail.

  • Strong knowledge of federal lending regulations governing real estate lending.

  • Strong knowledge of financial analysis techniques including self-employed analysis- Fannie Mae's SAM (Schedule Analysis Method) and/or adjusted Gross Method.

  • Strong analytical and problem solving skills.

  • Strong knowledge or experience with mortgage loan documentation.

  • Strong written and verbal communication skills.

  • Proficiency with personal computers and related software packages such as Word and Excel, and other business machines.

  • Must have one or a combination of the following designations: VA/SAR, VA/ LAPP, FHA DE.

PHYSICAL AND ENVIRONMENTAL DEMANDS

  • Work involves sitting, occasional walking, and lifting up to 10 pounds.

  • Requires close visual acuity.

  • Normal office environment.

  • May require occasional travel.

Umpqua Bank is committed to employing a diverse workforce. Qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, protected veteran status, or disability. We maintain a drug-free workplace and may perform pre-employment substance abuse testing.

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