Sr. Underwriter (Mortgage) Cleveland, OH

Mortgage Senior Underwriter

The Mortgage Senior Underwriter is responsible for reviewing, analyzing, and approving residential loan applications. This role involves verifying income, assets, credit, and collateral documents, including self-employed personal and business tax returns. The Mortgage Senior Underwriter may handle various types of mortgage lending (agency conventional, portfolio conventional, FHA / VA MI, etc.) and support other underwriters on complex loan submissions. Lending authority includes conventional, government, and jumbo loan programs up to a targeted dollar amount. Excellent phone and communication skills and a commitment to superior customer service are essential.

Essential Functions

• Evaluate the creditworthiness of borrowers and render credit decisions.
• Ensure loans meet corporate credit policy and comply with ATR and Qualified Mortgage provisions.
• Ensure compliance with company and Agency / Investor / FHA / VA guidelines.
• Review transmittal & 1003 for accuracy and completeness.
• Compare credit reports to liabilities on 1003 and verify investor guidelines for derogatory items.
• Calculate income / self-employed cash flow using required documentation and methodology.
• Analyze business financial strength and review assets for adequate funds and reserves.
• Review appraisals for accuracy and collateral acceptability.
• Ensure state and federal regulatory guidelines are met.
• Verify rate lock matches underwriting file with correct program details.
• Communicate effectively with mortgage loan officers, processors, and other stakeholders.
• Assist in training of employees on credit considerations for home lending products
• Performs other duties as assigned; duties, responsibilities and / or activities may change or new ones may be assigned at any time with or without notice
• Complies with all KeyBank policies and procedures, including without limitation, acting professionally at all times, conducting business ethically, avoiding conflicts of interest, and acting in the best interests of Key's clients and Key.

Education

Work Experience

Licenses and Certifications

Skills

Core Competencies

Physical Demands

Compensation and Benefits

This position is eligible to earn a base hourly rate in the range of $32.69 - $49.52 per hour. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes incentive compensation subject to individual and company performance. For a list of benefits for which this position is eligible, please visit the benefits page.

KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status. Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.