SR UNDERWRITER- RETAIL RESIDENTIAL LENDING (BREA) Job in Brea, California US
SR UNDERWRITER- RETAIL RESIDENTIAL LENDING (BREA)
Invest in your career. Invest in your future. At Union Bank, our people are our greatest asset. We are one of the largest banks in California with a longstanding reputation for professional training and career development. In addition to investing in our employees, Union Bank has established a generous community reinvestment program that works to uplift communities and watch them grow. We invest in a diverse workforce as our employees come from many different backgrounds, bringing with them different experiences and perspectives. Become part of a team where community, diversity, and exceptional service are part of everyone's job. Invest in you! Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $89.7 billion at December 31, 2011. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 414 branches in California, Washington, Oregon, Texas and New York, as well as two international offices, on December 31, 2011. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world's largest financial organizations. Visit www.unionbank.com for more information. Job Summary: Evaluate and analyze residential loan packages submitted for approval to Union Bank and possible sale in the Secondary Market. Determine borrowers credit worthiness and acceptability of properties offered as security in real estate loan transactions. Major Responsibilities: 50% - Evaluate and underwrite complex, high risk loan applications. Analyze possible loans for the Secondary Market sale; ensure the loans meet the Secondary Market requirements. 15% - Review loan approval conditions prior to funding of loans. 5% - Analyze requests for exceptions to Bank policy and determine acceptability to the Bank's risk requirements. 15% - Communicate with residential lending sales and operations staff regarding loan decisions, conditions, scenarios, and underwriting guidelines. 10% - Provide training and work direction to lower level Underwriters. 5% - May require supervision of staff during the manager's absence. Perform other duties as assigned. NOTE: This posting represents multiple openings.