Sr. Mortgage Loan Underwriter

Is it surprising to hear that a financial institution of 1.5 million members and over $30 billion in managed assets say that success comes from focusing on people, not profits?

Our "people helping people" philosophy has guided us since 1935, driving our deep commitment to serving our members, communities, and each other. When you join our team, you become part of a purpose-driven organization where your work makes a real difference.

While we're proud of our history, we're even more excited about our future. With business and technology transformation on the horizon, there's never been a better time to be part of BECU.

PAY RANGE

BENEFITS

Employees and their eligible family members have access to a wide array of employee benefits, such as medical, dental, vision and life insurance coverage. Employees have access to disability and AD&D insurance. We also offer health care and dependent care flexible spending accounts, as well as health savings accounts, to eligible employees. Employees are able to enroll in our company's 401k plan and employer-funded retirement plan. Newly hired employees accrue 6.16 hours of paid time off (PTO) on a per pay period basis based on hours worked (up to a maximum of 160 PTO hours per year) and receive ten paid holidays throughout the calendar year. Additional details regarding BECU Benefits can be found here.

IMPACT YOU'LL MAKE:

As a Senior Mortgage Loan Underwriter, you will play a pivotal role in shaping the financial success of our members while safeguarding their assets. Your expertise will empower you to make consistent, high-quality loan decisions on conventional, FHA/VA, and specialized mortgage loan programs. By offering innovative solutions, you'll ensure compliance with underwriting standards and align member needs with their financial goals. Your contributions will directly influence the security and quality of our loan portfolio, while fostering member trust and loyalty.

WHAT YOU'LL DO:

• Perform Prudent Underwriting: Review and evaluate conventional, FHA/VA, and specialized mortgage loans to ensure compliance with BECU and investor guidelines.
• Analyze Loan Files: Conduct thorough assessments of loan packages, developing counteroffers and alternative solutions to meet member needs while maintaining underwriting standards.
• Ensure Quality: Evaluate credit packages and collateral to deliver investment-grade loan products, confirming accurate calculations for income, loan-to-value ratios, and more.
• Collaborate on Complex Cases: Partner with the Underwriting Manager for loan dispositions exceeding authorized lending authority, ensuring sound decision-making.
• Provide Clear Communication: Convey underwriting decisions in writing to processors and offer guidance on guidelines and loan-specific queries to Loan Origination staff.
• Support Member-Centric Solutions: Handle member inquiries, resolving challenges to align CU and member interests effectively.
• Mentor and Train: Assist in training underwriters, processors, and loan representatives to build a high-performing team.
• Stay Informed: Maintain up-to-date knowledge of lending guidelines, regulatory changes, and market trends to ensure compliance and adaptability.
• Enhance Processes: Document and update procedures, participate in the development of new products, and ensure the team's alignment with organizational goals.
• Clear Conditions: Manage property and credit conditions required for loan approvals, ensuring smooth processing and adherence to standards.

This isn't just about ticking off tasks on a list. It's about making a significant, positive change in BECU's journey, where your contributions are valued, and your growth is continually fostered.

WHAT YOU'LL GAIN:

• Professional Growth Opportunities: Expand your expertise with access to training and mentorship in underwriting complex loans.
• Collaborative Environment: Be part of a team that values your input, innovation, and problem-solving skills.
• Comprehensive Benefits: Enjoy a robust benefits package designed to support your well-being and financial security.
• Impactful Work: Make a difference in members' lives by helping them achieve their financial goals.
• Flexibility and Support: Thrive in a dynamic environment that adapts to change and encourages work-life balance.

QUALIFICATIONS:

Minimum Qualifications:

• B.A. or B.S. degree in business or equivalent education or work experience required.
• Minimum of five years of underwriting experience required.
• Experience in leadership capacity (non-people management) required. ie-mentoring or giving direction to peers.

Desired Qualifications:

• FHA DE and/or VA SAR designations highly preferred.
• Proficient mathematical skills, with a high degree of accuracy.
• Ability to perform complex income analysis.
• Strong analytical skills with the ability to analyze complex tax returns, including corporate, partnerships, and sub-s corporations.
• Ability to perform under pressure in a team environment.
• Effective leadership & negotiation skills.
• Proficient verbal and written skills to effectively communicate.
• Ability to perform in a multi-tasked environment, with ability to prioritize tasks.
• Ability to work in high production, deadline oriented environment.
• Ability to adapt to change within working responsibilities, be it internal, market, or regulatory driven.

JOIN THE JOURNEY

Ready to make an indelible impact? Eager to be a part of a collaborative and innovative team where your ideas and contributions don't just fill a role, but fuel the growth and success of BECU? This is more than a job - it's a chance to elevate your career, skills, and future, all while contributing to the robust technological landscape of BECU.

Embrace the opportunity to grow with us. Apply now, bring your expertise to the table, and let's achieve excellence together at BECU. Your journey of influence, innovation, and impactful contribution starts now.

#BECU #YourGrowth #BECUJourney

BECU is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, veteran status, disability, sexual orientation, gender identity, or any other protected status.