Mortgage Underwriter I - REMOTE

Quorum Federal Credit Union•Purchase, NY

2d•Remote

About The Position

Quorum Federal Credit Union is a technology-driven credit union focused on delivering innovative financial solutions. As a remote organization, we value collaboration and recognize performance. We are an ideal workplace for self-motivated individuals committed to success and eager to join a dynamic team. We offer a supportive work environment that fosters personal and professional growth, built on teamwork, recognition, and providing necessary resources. This role supports innovation and problem-solving to deliver on the promise of 'Banking That’s Good. For You.' The Mortgage Underwriter I is responsible for the independent analysis of moderately complex residential mortgage applications, making sound credit decisions in accordance with investor, agency, and company guidelines. This position supports high application volumes and must consistently achieve production levels, turn times, and accuracy expectations. The role requires adaptability, embracing new technologies, and contributing to the continuous improvement of the underwriting process.

Requirements

Minimum of two to six years of related experience at a credit union, bank or other financial institution.
Excellent problem-solving, organizational, analytical, verbal and written communication skills.
Strong decision making and time management skills with the ability to manage multiple projects/duties.
Results driven, service oriented, self-motivated and able to work independently.
Detailed knowledge of secondary market guidelines.
Some knowledge of regulatory guidelines and issues.
Complies with all requirements for Mortgage Loan Originators set forth in the SAFE Act, including, but not limited to successful completion of the required background checks and obtaining a Unique Identifier from the NMLRS.
Trustworthy with the ability to maintain highest level of integrity and trust.
Proficiency in Microsoft Office, specifically Word, Excel and PowerPoint.
Related experience with Encompass loan origination systems.
Stable internet connection with speeds high enough for video conferencing and screen sharing.
Smartphone with current iOS/Android OS.
Ability to communicate with coworkers and customers via email, chat, teleconference, and/or phone.
Candidates must reside within the United States.
Not able to consider applicants who reside in Montana, Nebraska, Rhode Island, or Puerto Rico.
U.S. work authorization is required.
Not able to provide current or future sponsorship.

Nice To Haves

Bachelor’s degree in finance, business administration or other related degree preferred.

Responsibilities

Analyze and independently underwrite moderately complex mortgage products and scenarios within the level of authority.
Underwrite all mortgage loan files in compliance with secondary market guidelines, specific product guidelines, credit union policies and procedures, and banking/Credit Union regulatory requirements.
Exercise sound judgment when evaluating overall loan risk and determining loan eligibility, ensuring decisions align with company risk tolerance and lending policies.
Achieve required daily production levels and established turn times.
Review and validate standard documentation such as income, asset, credit, and collateral.
Maintain exceptional accuracy and consistency in all underwriting functions, ensuring system data and calculations are accurately updated and aligned with documentation.
Utilize provided automation solutions for efficiency and operational controls, including Automated Underwriting System (AUS) and income calculation tools.
Adopt new automation tools, systems, and process changes as implemented.
Perform underwriting functions in all stages of the application, including initial underwriting decision, reviewing and approving conditions, and completing the final underwriting decision.
Manage daily pipelines efficiently by prioritizing tasks and communicating proactively with processors and loan officers.
Manage loans from multiple lending channels including retail, wholesale and correspondent, as well as managing loans in various stages of the application process.
Identify and escalate higher-risk or exception files to senior underwriting staff as appropriate.
Stay current with underwriting guidelines and technology and attend training sessions to build product and regulatory knowledge.
Exhibit a positive and collaborative team attitude, assisting peers and contributing to a supportive work environment.
Maintain a positive work atmosphere by communicating in a manner consistent with professional standards to work effectively with members, co-workers, management, partners and vendors.
Perform additional duties as required.

Benefits

Excellent health insurance packages with a Health Reimbursement Account option
Life, AD&D, Short-Term Disability and Travel Insurance
401k plan with company match dollar for dollar up to 6 percent
Generous time-off policy with paid time off (PTO), volunteer time off (VTO), birthday PTO, and company-observed holidays
Monthly stipend for wellness activities and mental health
Tuition reimbursement
Pet Benefits, including insurance, discounts, “pawternity” PTO day, and more
Bonus/commission plan for qualifying roles
Employee perks (including mortgage discounts!)
PTO purchase and sell-back programs
Rewards and peer recognition programs