Mortgage Underwriter

Start a career with First National Bank Alaska, the Best Place to Work in Alaska as recognized 11 years in a row by Alaska Business magazine readers. We are seeking an experienced Mortgage Underwriter who shares our commitment to accuracy, sound credit decisions, and outstanding customer service. If you are passionate about helping individuals and families achieve homeownership while maintaining sound lending practices, we encourage you to apply.

About the Role

Provides quality mortgage-backed loans to investors and the bank, approves and makes denial recommendations for loans to ensure compliance with bank, investor, agency, and regulatory underwriting guidelines.

Responsibilities

• Analyzes credit and property documentation included in conventional, FHA, VA, and USDA loans to assess overall risk to the bank, ensuring sound lending policies are made.
• Evaluates and identifies the impact of lending decisions on the Community Reinvestment Act and Federal Fair Lending policies and regulations.
• Provides quality mortgage-backed loans to investors and the bank, approves and makes denial recommendations for loans to ensure compliance with bank, investor, agency, and regulatory underwriting guidelines.
• Evaluates risk and communicates findings to Mortgage Lending or branch personnel responsible for the loan file.
• Resolves adverse investor and/or audit findings and clears discrepancies within authority, ensuring loan files’ compliance with investor and insurers’ guidelines, federal regulations, and bank policy.
• Provides advice and assistance on real estate lending programs and guideline requirements to branches, management, and Mortgage Lending or branch personnel to ensure loan approval underwriting conditions are met.
• Performs reviews of appraisal reports, adhering to real estate lending standards, policies, procedures, and controls.
• Reviews title documents and all applicable compliance documents.
• Maintains awareness of changing economic conditions, new trends, and developments in the local and national real estate and insured-mortgage markets.
• Performs other work-related duties as assigned by supervisor.

Requirements

• Minimum: Four years of mortgage industry experience, including two years of mortgage underwriting; or equivalent combination of education/training and experience.
• Familiarity with FHA/VA, AHFC, FNMA, and other investor lending programs.

Preferred Qualifications

• Current knowledge of FHA/VA, AHFC, FNMA, and other investor lending programs.
• Experience working with automated underwriting systems.

Schedule

Monday–Friday