Home Equity Underwriter

EastRise Federal Credit Union • Williston, VT

5d • $35 - $39 • Onsite

About The Position

Conducts comprehensive reviews and evaluations of Home Equity loan files to determine creditworthiness, risk exposure, and compliance with federal lending regulations, Real Estate Mortgage Lending policy, and internal underwriting guidelines. Exercises sound judgment in approving, countering, or denying applications, ensuring decisions are well-documented and aligned with organizational risk tolerance and regulatory standards.

Requirements

• Three years to five years of similar or related experience, including preparatory experience.
• A high school degree or equivalent.
• Must be at least 18 years of age.
• Favorable Background, Credit, Criminal, Bondability, and Reference Checks required.
• Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 10 lbs.
• Must be capable of climbing / descending stairs in emergency situation.
• Must be able to operate routine office equipment including telephone, copier, facsimile, and calculator.
• Must be able to work extended hours whenever required or requested by management.
• Must be capable of regular, reliable and timely attendance.
• Must be able to perform job functions independently or with limited supervision and work effectively either on own or as part of a team.
• Must be able to read and carry out various written instructions and follow oral instructions.
• Must be able to speak clearly and deliver information in a logical and understandable sequence.
• Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public.
• Must be able to perform responsibilities with composure under the stress of deadlines / requirements for extreme accuracy and quality and/or fast pace.
• Must be able to effectively handle multiple, simultaneous, and changing priorities.
• Must be capable of exercising highest level of discretion on both internal and external confidential matters.

Nice To Haves

• College degree preferred.

Responsibilities

• Receives and reviews loan files for sufficient documentation to make an informed loan decision based on the product description and standard underwriting guidelines.
• Analyzes borrower financials, credit history, and property valuations to ensure qualification and compliance. If there is insufficient information to adequately decision the file requests additional information or documentation from the originator.
• Provides effective and timely communication with team members to meet deadlines.
• Reviews and assigns new incoming online applications to Loan Officers.
• Produces Commitment Letters for approved loans. Submits files recommended for denial to appropriate party for dual review. Produces Adverse Action Notice.
• Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED