City National Bank · 1 month ago
Mortgage Loan Underwriter Senior
United States
Full-time
Remote
Senior Level
$41.83/hr - $66.81/hr
7+ years expCity National Bank is the largest bank headquartered in Los Angeles, providing personalized banking, investment, and trust services. The Mortgage Loan Underwriter Senior evaluates credit risk and determines borrowers' ability to repay residential mortgages while mentoring junior underwriters and ensuring compliance with lending guidelines.
BankingFinanceFinancial Services
Responsibilities
Reviews the loan package received to ensure completeness verifying that all supporting documents are included to make a credit decision per established policies
Identifies issues and recommends appropriate resolution within policy service level agreements
Analyzes and determines the financial capacity of the borrower’s ability to repay:
Performs credit analysis, financial statement analysis, cash flow analysis, liquidity qualification and payment calculation spreads
Reviews for stability of residency and employment
Verifies income per established policy
Identifies any exceptions to current policies
Documents a reasonable conclusion mitigating any identified risks supporting the request will be repaid
Accurately sets and clears conditions
Interacts with RLC and Processor throughout the life cycle of the loan, providing information, updates and assistance as required
Updates System(s) with pertinent information and appropriate data as required
Renders a decision within his/her lending authority. If deal is outside of lending authority, provides a recommended decision and submits for appropriate level signing authority
Originates appropriate client letters; Commitment, Counter Offer, Declination
Certifies and provides a final Workbook to the Processor
Ensures compliance with bank and statutory/regulatory guidelines
Client Satisfaction
Promotes a team environment fostering a positive working environment
Functions as a collaborator and innovator to drive continuous improvement
Provides guidance and support to the RLC and Processor when required
Utilizes systems and tools to ensure that the RLC’s are updated on the status of loans
Interacts and communicates daily with all levels as required to support business units, Processors, Funding/Doc Prep to ensure requirements are understood and met
Provides timely, complete and accurate response to inquiries
Handles all situations in a professional and ethical manner
Takes the lead in resolving problems for his/her own loans; assisting Underwriters I and II with resolutions
Supports and contributes to the quality and customer satisfaction goals of the bank
Productivity
Ensures all goals and service level agreements (SLAs) are met
Tracks, logs and provides daily, weekly, monthly, quarterly reporting of production statistics as defined by management
Consistently meets quality control and data integrity standards
Effectively utilizes available systems, workflow and imaging tools
Mentor and train Underwriters I and II
2nd level review of Underwriters I and IIs’ work
Performs other duties as assigned by Management, including participation in projects, process improvement initiatives, etc
Qualification
Required
Minimum 7 years of experience as an Underwriter in a financial services or mortgage banking environment required
Minimum 7 years of experience in jumbo and super jumbo underwriting to investor or organization's guidelines required
Minimum 7 years of experience with state and federal lending regulations (i.e., Ability to Repay (ATR), RESPA, Reg B, Reg O, Reg Z, Fair Lending, etc.)
Bachelor's degree in Business, Finance or Economics or related discipline with 10 or more years of experience in a mortgage banking environment required
Familiar with FNMA/FHLMC guidelines
Computer literate with experience using Microsoft applications with mortgage industry standard software, preferably InterLink E3 or NetOxygen/Gallagher
Superior ability to communicate effectively in both verbal and written form
Strong time management skills to plan and organize a high daily loan volume
Strong ability to be very detail oriented
Must be a team player and work constructively with their fellow colleagues
Specific knowledge and exposure to funding and loan documentation to resolve more complex situations such as occur with LLC's, irrevocable trusts, and Co-operatives
Company
City National Bank
City National Bank offers a full complement of banking, trust and investment services. It is a sub-organization of City National.
1001-5000 employees
H1B Sponsorship
City National Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (76)
2024 (78)
2023 (145)
2022 (93)
2021 (107)
2020 (62)
Funding
Current Stage
Public CompanyTotal Funding
unknown1978-01-13IPO
Leadership Team
Howard Hammond
CEO City National Bank
Fiyaz Khan
Senior Vice President, Structured Products
Recent News
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