Location: OaklandFull Time Job ID: 53033 Job Posting
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Position Base: Oakland Location: UCOP - Franklin Building
UC OFFICE OF THE PRESIDENT
At the University of California (UC), your contributions make a difference. A world leader producing Nobel and Pulitzer prize recipients with over 150 years of groundbreaking research transforming the world. Choose a career where you can leverage your knowledge, skills and aspirations to inspire and support some of the greatest minds in the world, and those who will follow in their footsteps. Working at the University of California is being part of a unique institution, and a vibrant and diverse community. At the University of California, Office of the President, we propel our mission through impactful work locally, in government centers and systemwide. We are passionate people, serving the greater good.
The University of California, one of the largest and most acclaimed institutions of higher learning in the world, is dedicated to excellence in teaching, research and public service. The University of California Office of the President is the headquarters to the 10 campuses, six academic medical centers and three national laboratories and enrolls premier students from California, the nation and the world. Learn more about the UC Office of the President
Position Summary The Senior Loan Officer (Home Loan Underwriter) uses knowledge of loan origination concepts to complete underwriting evaluation of mortgage loan applications. Utilizes understanding of industry practices and University policies and procedures; resolves a wide range of issues in consultation with supervisor. Works on underwriting issues of diverse scope where analysis of data requires evaluation of identifiable factors. Demonstrates good judgment in selecting methods and techniques for obtaining solutions. Implements loan origination processes associated with the University of California Employee Housing Assistance Program (Program). Includes the origination and approval of new loans to eligible Program participants to assist with recruitment and retention efforts. Activities include working closely with loan applicants, evaluating loan applications in accordance with University policy and applicable industry standards, and adhering to all lending guidelines and compliance requirements. This position is an 'Assigned Employee' as defined in the University of California Home Loan Program Corporation Services Agreement dated February 1, 2014, by and between the Regents of the University of California and the University of California Home Loan Program Corporation, a California non-profit public benefit corporation. The Corporation was formed to assume the residential lending activities of the Office of Loan Programs.
75% Loan Origination:
Review, evaluate and analyze loan application packages to ensure loan applicants provide property and credit information and documentation. Perform analysis of applicant's income, assets and credit. Evaluate application package for exceptional conditions that may negatively affect the actual value of the home, future marketability of the house, and ultimately, the University's security interest in the property.
Documents requiring evaluation: Purchase contract, Structural/Pest Control Report, Credit report, Preliminary title report, Property appraisal and analysis, and other property inspection reports, as needed.
Prepare and review loan disclosures to ensure compliance with federal and state regulations.
Coordinate with campus home loan coordinators, escrow officers, real estate agents, insurance agents and program participants to ensure prompt submission of required documentation.
Prepare loan approval or disapproval recommendations to management based on review and analysis of all required documentation.
10% OLP Website Maintenance:
Provide analytical support in the overall design and delivery of web-based business process for loan origination.
Review and manage website content to ensure that program policies are correctly reflected in the on-line content.
The University of California, Office of the President, is required to provide a reasonable estimate of the compensation range for this role. This range takes into account the wide range of factors that are considered in making compensation decisions including but not limited to experience, skills, knowledge, abilities, education, licensure and certifications, and other business and organizational needs. It is not typical for an individual to be offered a salary at or near the top of the range for a position. Salary offers are determined based on final candidate qualifications and experience. The full salary range shows the growth potential for this position and the pay scale is the budgeted salary or hourly range that the University reasonably expects to pay for this position.
Benefits: For information on the comprehensive benefits package offered by the University visit: Benefits of Belonging
This position is eligible for a hybrid work arrangement within the state of California. The selected candidate must reside within the state of California, or be willing to relocate, and will be required to report to work in person in Oakland, CA on a regular schedule.
HOW TO APPLY
Please be prepared to attach a cover letter and resume with your application.
APPLICATION REVIEW DATE
The first review date for this job isMay 19, 2023. The position will be open until filled.
Smoke Free Work Environment: The University of California, Office of the President, is smoke & tobacco-free as of January 1, 2014. UC Smoke & Tobacco Free Policy
August 2021 Update: The University of California has issued a policy requiring employees to be fully vaccinated against COVID -19 before physically accessing the University location or programs. Upon hire into a UCOP position, you will be provided detailed instructions on how to comply with this policy including access to the COVID vaccination at no cost. New hires to UCOP who work onsite or will come onsite for any activities at a UCOP or other UC location must comply with this policy within 8 weeks after their start date. The policy allows for employees to request approval for an exception or deferral. UC COVID-19 Vaccine Policy
The University of California, Office of the President, is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age or protected veteran status. EEO/AA Employer UC Nondiscrimination Policy
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About University of California Office of the President
The Office of the President is the systemwide headquarters of the University of California, managing its fiscal and business operations and supporting the academic and research missions across its campuses, labs and medical centers.