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Bank of the West Sr First Mortgage Underwriter Self Employed Tax Specialist, Jumbo, Non QM, QM in Phoenix, Arizona

Sr First Mortgage Underwriter Self Employed Tax Specialist, Jumbo, Non QM, QM


At Bank of the West, our people are having a positive impact on the world. We’re investing where we feel we can make the most impact, like advancing diversity and women entrepreneurship programs, financing for more small businesses, and promoting programs for sustainable energy. From our locations across the U.S., Bank of the West is taking action to help protect the planet, improve people’s lives, and strengthen communities. We are part of BNP Paribas, a global leader supporting the UN Sustainable Development Goals (SDGs). Yes, we’re a bank, but as the bank for a changing world, we are continually seeking to improve the ways we help our customers, while contributing to more sustainable and equitable growth.

Job Description Summary

Responsible for providing quality and consistent underwriting of real estate secured loans and/or lines of credit, focusing on difficult/complex loans/lines, to ensure compliance with appropriate company standards. Responsible for ascertaining the needs of borrowers and assisting them in selecting the appropriate loan type which best matches their long-term objectives, and ensuring compliance with FHLMC/FHA/VA/FNMA or portfolio guidelines. Assesses the potential risk of loan applicants, including current and past credit and job history, ensures that all real estate secured applications are complete, accurate, and fall within acceptable BOW guidelines, and attains direct endorsement approvals. Provides high quality customer service, including underwriting in a competitive time frame. May provides direction and guidance to other less experienced underwriters.

Essential Job Functions

  • Utilizes Fannie Mae's Desktop Underwriter and GUS to determine loan eligibility for sale to Agency, if applicable.

  • Ensures all file documentation requirements are met for agency or portfolio eligible loans.

  • Underwrites loan files through a review process of analyzing and evaluating income, assets, liabilities, and property, while maintaining designated time frames as determined by management Assimilates new government regulations and applies this knowledge to improve and maintain quality and consistent underwriting. Reviews self-employed, corporate and partnership tax returns, profit and loss, as well as financial statements to ascertain borrowers' income.

  • Prepares written letters of commitment, declination letters and/or counteroffer letters for each loan/line decision detailing required documentation, including mortgage amount approved when applicable.

  • Reviews and corrects potential problems in loan processing files (credit history, nonconforming appraisals, files not adhering to guidelines, etc.).

  • Gathers information in order to solve problems and make decisions through phone contact to managers, loan originators, government agencies, and in some cases the borrowers.


Required Experience

  • Requires a minimum of 5-7 years prior first mortgage underwriting experience.

  • Requires advanced knowledge of job area typically obtained through advanced education combined with experience.

  • Experience with appraisals, must be able to analyze collateral

  • Deep understanding of tax returns

  • Required experience is supporting High Net Worth/Wealth Management customers, with residential/consuming lending limits in the $1-2MM aggregate range as approved by Credit Risk Management

  • Outstanding knowledge of loan underwriting documentation requirements.

  • Ability to communicate with multiple business partners within the organization

  • Ability to handle heavy workload, multitask and meet stringent deadlines

  • Superior written and verbal communication skills

  • Excellent PC skills


  • High School Diploma or GED Required

In order to successfully perform the duties of this role, your home work setup must meet the minimum internet requirements including:

  • The wire from the ISP should be copper or fiber optic.

  • Speeds must include at least 50 Mbps download speed and 10 Mbps upload speed.

Working Location Statement

This position has the option to work in one of our key hubs (San Ramon, CA, Tempe, AZ, Omaha, NE) or to work remotely as long as it is in within our 26 state working footprint which includes AZ, CA, FL, GA, ID, IA, IL, KS, MI, MN, MO, NE, NV, NM, NC, ND, OH, OK, OR, SD, TX, UT, WA, WI, WY, NY.

Equal Employment Opportunity Policy

Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran.

Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations.

Job: Mortgage

Location: United States-Arizona-General AZ

Requisition ID: 059492