Mortgage Underwriter
AgWest Farm Credit is a member-owned financial cooperative that provides financing and related services to farmers, ranchers, agribusinesses, commercial fishermen, timber producers, rural homeowners and crop insurance customers in a seven-state territory in the Western United States. AgWest is part of the 100+ year-old Farm Credit System – the leading provider of credit to American agriculture. AgWest champions the growth and advancement of agriculture, the value of rural communities, and the vital contribution our customers make to the economy and society. We serve customers in 59 locations throughout the West.We are in search of a Mortgage Underwriter I or II (internally known as Credit Underwriter or II) to join our Credit Approval department in Spokane, Washington (Headquarters). This full-time position reports to the Credit Approval and Underwriting III, VP and analyzes financial and business-related information from customers, applies financial expertise to determine credit worthiness and mitigate risk in the Country Home Loan (CHL) mortgage program. Compensation Information The base salary range for this position in Spokane, Washington is: Level I: Typical starting range: $60,000 - $80,300Full base salary range: $60,000 - $90,400Annual performance-based incentive target is 10% of base. Level II: Typical starting range: $66,200 - $88,700Full base salary range: $66,200 - $99,900Annual performance-based incentive target is 12% of base. *Relocation assistance will be provided to eligible candidates who must relocate to accept this position. Essential Duties Financial Analysis Review CHL credit applications and supporting documentation to evaluate borrower credit worthiness, capital position, repayment capacity, collateral support and overall alignment with program requirements; analyze financial statements, including opinions and notes, tax records, “in house” prepared financial statements, and pro forma statements of potential borrowers to evaluate and ascertain credit worthiness. Analyze credit memos and document independent analysis of pro-forma balance sheets, projection review, repayment assessment, collateral evaluation, and key risk factors. Review and analyze for accuracy personal and complex business tax returns. Assess large, complex, or unique CHL loan requests and documentation to facilitate appropriate risk decisions and support sound compliant loan structures. Evaluate incomplete, inconsistent, or higher-risk loan information and identify documentation, policy or underwriting concerns that may impact approval decisions. Credit Administration Review, recommend, and approve or reject CHL loans within assigned delegated authority, with emphasis on adherence to underwriting limits, program guidelines and sound risk management practices. Route loan requests exceeding assigned authority to the appropriate approval channel, ensuring credit recommendations are complete, well-supported and clearly documented. Understand...