Sr. Mortgage Loan Underwriter - Construction; WA,

Sr. Mortgage Loan Underwriter

Location:

Candidates must be residents of WA, , or OR. Applicants within driving distance of Tukwila Headquarters are expected to work onsite Tuesdays & Wednesdays. Remote work is available for other approved locations.

Target Pay Range: $46.59‑$56.92 hourly. Full Pay Range: $36.21‑$67.36 hourly.

• 401(k) Company Match (up to 3%)
• 4% annual contribution to your 401(k) by BECU
• Medical, Dental and Vision (family contributions as well)
• PTO Program + Exchange Program
• Tuition Reimbursement Program
• BECU Cares volunteer time off + donation match

• Deliver Sound Underwriting Decisions:
  Perform prudent underwriting on conventional, FHA/VA, and special loan programs offered by the Credit Union while balancing risk management with exceptional member service.
• Analyze Complex Loan Scenarios:
  Complete detailed reviews of loan files to ensure compliance with investor, FHA/VA, and BECU guidelines while identifying opportunities to structure solutions that support members’ goals.
• Create Member‑Focused Solutions:
  Develop counteroffers and alternative lending options that help members qualify while maintaining underwriting quality and regulatory standards.
• Evaluate Overall Loan Quality:
  Review the complete credit package and collateral documentation to ensure residential mortgage loans meet investment‑quality standards.
• Validate Financial Accuracy:
  Confirm the accuracy of income calculations, loan‑to‑value ratios, and other critical financial components to support sound lending decisions.
• Escalate High‑Authority Loan Requests:
  Recommend loan disposition decisions to the Underwriting Manager and Mortgage Credit Administration when loan amounts exceed authorized lending authority.
• Communicate Decisions Clearly:
  Provide clear and timely written underwriting decisions to submitting processors to support efficient loan processing and a positive member experience.
• Maintain Accurate Documentation:
  Keep detailed underwriting activity logs and documentation to support operational consistency and compliance.
• Collaborate Across Teams:
  Partner closely with Mortgage Loan Origination staff, Processors, LQI, Hotline Team members, and colleagues to resolve challenges and support successful loan outcomes.
• Serve as a Guideline Resource:
  Provide guidance and interpretation of underwriting standards, policies, and loan scenarios to internal teams across the mortgage process.
• Support Exceptional Member Service:
  Assist Loan Processors and Loan Officers with customer service inquiries, helping identify ways to restructure transactions that align with both member and Credit Union needs.
• Mentor and Develop Others:
  Assist in training underwriters, processors, and loan representatives by sharing expertise, best practices, and operational knowledge.
• Manage Loan
  
  Conditions:
  
  Clear property and credit conditions placed on loans to ensure complete and accurate loan approvals.
• Stay Current on Industry Guidelines:
  Maintain up‑to‑date knowledge of mortgage lending guidelines, investor requirements, BECU policies, federal housing programs, veterans administration standards, and private mortgage insurer requirements.
• Build Enterprise Knowledge:
  Develop a strong understanding of Credit Union departments and how they support and interact with Mortgage Loan Origination operations.
• Maintain Product Expertise:
  Build and maintain thorough knowledge of all mortgage loan products, required forms, and supporting documentation offered by the Credit Union.
• Ensure Regulatory Awareness:
  Stay informed on all applicable federal and state lending regulations, particularly those related to first‑mortgage real property lending.
• Contribute to Innovation:
  Participate in the development and enhancement of mortgage products, services, and operational improvements.
• Support Operational Excellence:
  Help ensure written procedures are documented, maintained, and updated to provide staff with clear operational guidance and consistency.
• Provide Additional Team Support:
  Perform additional duties, as assigned, to support team success and organizational priorities.

• Opportunity to influence meaningful home ownership experiences for…