Shape the future of mortgage lending by joining a team that values expertise, collaboration, and innovation. 

As an Underwriting Specialist in Private Banking Mortgage, you will play a critical role in supporting the mortgage business through comprehensive underwriting analysis. You will review and enter loan information, analyze income and credit, and assess collateral and financial statements to determine credit risk. You will partner with internal teams to resolve exceptions and ensure loans progress to final decisions, all while adhering to regulatory timelines. You will leverage your expertise to identify risks, suggest process enhancements, and contribute to a culture of accuracy and compliance.

Job Responsibilities:

Achieve daily production targets and complete priority reviews within stipulated timelinesMaintain process accuracy targets, ensuring less than 5% high QA error rate, and uphold high hygiene standards by following all process controls without lapsesAssist in data collection and report preparation on various metrics to support business initiativesIdentify and escalate issues, exceptions, and procedure gaps to management for timely resolutionInteract with global stakeholders to resolve process issues and enhance process controlsAllocate 90% of productive time to processing and 10% to business initiatives, reporting, and training activitiesSuggest process enhancements and automations for improved controls, and perform periodic risk and controls analysis with the teamReview and enter loan information according to current underwriting guidelines, ensuring accuracy and complianceAnalyze income by reviewing and validating US documents for debt-to-income ratio calculations, and conduct credit analysis including review of credit reports, scores, and public records in adherence to FACT ACT and FCRA regulationsAnalyze personal financial statements and asset statements to determine liquidity and leverage ratios, and assess collateral risks by reviewing purchase contracts, addendums, and property appraisal reportsCoordinate with Mortgage Solutions Team and other internal teams to develop necessary credit information, add and review relevant underwriting conditions, resolve exceptional scenarios, identify credit risks and collateral variances, and ensure adherence to the 30-day timeline for all credit decisions per Regulation B (ECOA).

Required qualifications, capabilities and skills:

Bachelor’s degree in Business, Finance, Accounting, or related fieldTwo years of mortgage underwriting experience in US mortgage loan originationsExperience reviewing and analyzing US financial documents, including asset statements, personal financial statements, profit and loss statements, personal tax returns, and credit reportsExposure to production management, work allocation, prioritization, exception handling, and process documentationThorough understanding of all stages of the mortgage originations life cycleExpertise in mortgage underwriting concepts, ratios, and calculation methods, including debt-to-income, loan-to-value, liquidity, and leverage ratiosWorking knowledge of major US mortgage regulations

Preferred qualifications, capabilities, and skills: 

Three years of mortgage underwriting experience in US mortgage loan originationsAdvanced proficiency in risk and controls analysisExperience collaborating with global teamsStrong analytical skills with attention to detailEffective time management and adaptability to US, Asia, and EMEA shiftsExcellent communication and teamwork skillsProven ability to suggest process enhancements and automations

Additional information:

Failure to pass these assessments would mean non-regularization for external applicants. Internal applicants, on the other hand, will not be endorsed to production and will have to apply and move to a new role immediately.