Mortgage Loan Underwriter
About The Position
Langley Federal Credit Union is seeking a full-time Mortgage Loan Underwriter to work a hybrid schedule from their Oyster Point office in Newport News, VA. This role involves reviewing, analyzing, and making decisions on first and second mortgage residential real estate loan products, ensuring they align with the organization's strategy and adhere to Langley and industry guidelines. The Underwriter is responsible for ensuring mortgage loans are saleable in the secondary market or meet Langley's portfolio policy and guidelines. The position operates in a fast-paced environment with tight deadlines, often requiring independent work and adaptability to shifting priorities.
Requirements
- Bachelor’s degree in a business-related field or equivalent work experience in a mortgage lending environment with at least one year of underwriting experience required.
- One year of experience with Automated Underwriting Systems and working within a virtual environment with documentation and business partners required.
Responsibilities
- Determines and thoroughly documents loan conditions and provides clear communication to processors and loan officers regarding documents needed for mortgage loan files to ensure quick turnaround time.
- Reviews loans for accuracy and compliance with investor guidelines, Federal regulations and credit policy and recommends approval for Langley.
- Analyzes a broad range of credit and compliance documents related to the mortgage lending process and evaluates loan risk through verification of loan application information.
- Possesses lending authority up to 500k on first mortgages, HELOC’s, or additional approved portfolio products.
- Makes loan decisions independently (approves or denies loan application).
- Provides special project support and input into new products or initiatives to department.
- Provides prompt, professional and quality service to originating branches, loan officers and correspondents.
Benefits
- Affordable medical, dental, and vision plans
- Educational Assistance, encompassing books, lab fees, registration costs, and more.
- Support for Student Loan Repayment.
- Abundant Career Growth Opportunities.
- Generous Paid Vacation that starts accumulating from day one, progressively increasing with every five years of service, up to a maximum cap.
- 13 Paid Holidays, including your birthday and the day following Thanksgiving; enjoy Floating Holidays too!
- Paid Sick Time for all team members.
- Highly competitive 401K plan featuring a 6% company match, with immediate vesting with a ROTH IRA option.
- Company-covered short- and long-term disability insurance.
- Complimentary Life Insurance and the choice of additional Voluntary Life Insurance.
- Flexible Health Care and Dependent Care benefits.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
