Mortgage Underwriter II

Royal Credit Union•Arden Hills, MN

3d•$36 - $48•Hybrid

About The Position

The Mortgage Underwriter II at Royal Credit Union thrives on analyzing complex financial information, making sound lending decisions, and helping Members achieve their homeownership goals. In this role, you will evaluate a wide variety of mortgage loan applications, balance risk with exceptional member service, and mentor fellow underwriting professionals while ensuring compliance with industry and regulatory standards. Royal Credit Union is dedicated to making a positive impact on its Members and the communities it serves, going beyond financial services to enrich lives and foster growth. It offers a collaborative, values-driven workplace that is always evolving, with numerous opportunities for training and advancement. Team members are empowered to make decisions and drive initiatives that help Members achieve their financial goals, and their ideas and contributions are valued and encouraged. Community involvement is also a key aspect, with opportunities to engage in various initiatives and events.

Requirements

High School Diploma or equivalent
Minimum of five years of mortgage lending experience, including extensive mortgage underwriting expertise
Ability to independently evaluate a broad range of loan products while making sound risk-based lending decisions
Advanced knowledge of conventional, portfolio, jumbo, bond, government, and secondary market underwriting guidelines
Strong understanding of state and federal mortgage lending regulations and regulatory compliance requirements
Demonstrated analytical expertise with the ability to thoroughly review and interpret financial statements, credit reports, tax returns, appraisals, income documentation, and asset information to determine loan eligibility and identify risk factors
Strong communication, documentation, and relationship management skills, including the ability to clearly explain lending decisions, prepare reports and business correspondence, collaborate with stakeholders, and mentor less experienced underwriters
Exceptional organizational skills with the ability to manage a high-volume workload, prioritize competing deadlines, maintain confidentiality, utilize loan origination systems effectively, exercise sound judgment under pressure, and meet board approval and bonding requirements
Mortgage Underwriting experience to include FHA, DE, VA SAR, and Minnesota Housing Finance Agency loans
Must have a Chums ID and VA SAR ID
Residency within Royal’s office footprint of WI and MN

Responsibilities

Evaluate and analyze mortgage loan requests for all types of Mortgage lending, including conventional, Portfolio, Jumbo, Bond and Government backed loans (FHA, VA, USDA etc.) to ensure they meet all investor guidelines, regulatory requirements, and company policies.
Approve or deny applications according to the terms of Royal Credit Union's standards, procedures, regulatory underwriting guidelines, and secondary market requirements.
Meet the commitment of delivering high-quality loans that satisfy our member's financial needs while mitigating risk.
Mentor fellow underwriting professionals.