Senior Mortgage Underwriter

Position: Senior Mortgage Underwriter | Division: Res Mortgage Lending|
Work
Days:
Monday - Friday| Hours of Operation: 8:00am - 5:00pm

Why Broadway Bank:

We are one of the largest independently owned banks in
Texas with offerings in personal and private banking, wealth management,
business banking and mortgage lending.

Position Overview:

The Senior Mortgage Underwriter
plays a pivotal role in maintaining the integrity and quality of residential
mortgage loan operations at the institution. This position ensures that all
mortgage loans comply with internal policies, underwriting guidelines, and
federal/state regulations such as ECOA/Fair Lending,
HOEPA, RESPA, HCML/HPML and HMDA. The Senior Mortgage Underwriter is
instrumental in upholding the bank's standards for loan approvals and risk
management.

Essential Functions:

• Conduct
  comprehensive evaluations of residential mortgage loan applications to
  ensure adherence to ECOA/Fair Lending, HOEPA, RESPA, HCML/HPML, and HMDA
  regulations.
• Review and
  validate that mortgage loan
  documentation aligns with federal disclosure requirements and bank
  policies.
• Ensure consistent application of
  underwriting criteria across all residential mortgage decisions,
  identifying and documenting any policy exceptions.
• Act as the Bank's Chief Review
  Appraiser, performing detailed quality control reviews of residential loan
  appraisals.
• Field and resolve underwriting
  inquiries from auditors or regulatory examiners, demonstrating
  comprehensive knowledge of underwriting practices.
• Collaborate with the Mortgage
  Department Manager in the annual evaluation and revision of underwriting
  guidelines to reflect current best practices and regulatory requirements.
• Lead in the training and mentoring
  of staff on underwriting procedures, guidelines, and appraisal reviews.
• Performs a quality control review
  for underwriting processes to minimize risk and ensure loan quality.
• Monitor changes in federal and state
  mortgage lending laws and regulations, adjusting underwriting practices
  accordingly to maintain compliance.
• Prepare and submit reports related
  to loan decisions, policy exceptions, and compliance issues as required.
• This position may
  require travel within the Bank's geographic area.

Experience & Education:

• Minimum of 6-7 years in mortgage lending, including at least 3 years of underwriting or processing experience. Experience as a Designated Underwriter is preferred.
• High School diploma or equivalent required; a
  4-year college degree is preferred.

Skills & Qualifications:

• Strong analytical and decision-making skills.
• In-depth knowledge of federal and
  state mortgage lending regulations.
• Proficiency in using mortgage loan
  processing software.
• Excellent communication skills, both
  verbal and written.
• Mathematical aptitude and strong
  attention to detail.
• Ability to mentor and train staff.
• Ability to work independently and
  manage multiple priorities.
• Strong problem-solving skills and
  capacity to adapt to changing regulations.
• Demonstrated integrity and ethical
  standards in handling confidential information.

Other Requirements:

• Willingness to undertake continuous professional
  development and training.
• Flexibility to adapt to evolving industry practices and regulatory landscapes.
• Requires the ability to lift, carry, push, pull weights or otherwise move objects weighing as much as10 lbs. on a regular basis and/or for extended periods of time during the workday.
• Occasional overtime or extended hours may be required.

We're a culture that offers resources to benefit your
overall health and well-being:

• Career Development and Mentorship Programs
• Generous paid time off, minimum 4 weeks
• Employee recognition, awards, and events
• Free vision insurance
• Retirement matching
• Tuition reimbursement

This job description is not
designed to be a comprehensive listing of duties, responsibilities, or
activities that are required for this job. Duties, responsibilities, and
activities may change at any time with or without notice.

Broadway Bank
is proud to be an Equal Opportunity Employer. Broadway Bank is a drug-free and
tobacco-free workplace, with a nicotine-free hiring policy. All qualified applicants
will receive consideration for employment without regard to race, color, sex,
sexual orientation, gender identity, religion, national origin, disability,
veteran status, or other legally protected status.

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