Mortgage Underwriter III

ORNL Federal Credit Union•Knoxville, TN

About The Position

The Mortgage Underwriter III is responsible for underwriting residential mortgage loans to mitigate risk and meet all applicable Federal, State and NCUA regulations, as well as credit union, secondary market and investor guidelines, policies and procedures. Performs activities related to credit decisions on loan requests for residential first mortgage loans including Jumbo, Portfolio, Construction-to-Permanent, HELOC, Denials, Withdrawals, and Condo Project Reviews, with the goal of achieving an optimal outcome for the Credit Union and the member. Utilization of automated underwriting systems or manual underwriting guidelines. Ensures compliance with established Credit Union policies, guidelines, and regulatory requirements. Utilizes a high degree of independence in problem solving and decision making. Primarily handles more complicated loans. Maintains acceptable quality scores and adheres to all service level agreement requirements. Maintains current knowledge of regulatory changes, external/internal compliance requirements and investor/portfolio guidelines. Receives training to ensure all guidelines are met. Communicates effectively and professionally with all internal partners associated with the Mortgage process. Provides training for Teammates, when necessary, acts as subject matter expert for the underwriting process, provides support in reviewing policies and procedures. Performs other job-related duties as assigned.

Requirements

Minimum 5 years in mortgage underwriting required with a focus on FNMA, FHLMC, Jumbo, and Construction-to-Perm.
Minimum 3 years of mortgage or HELOC underwriting experience.
Working knowledge of Encompass.
Excellent verbal and written communication skills.
Must be detail oriented with excellent organizational skills.
Must be proficient in Microsoft Excel, Word, and Outlook.
Must have ability to think analytically, solve problems, work independently and as a Team.
Must have excellent time management skills.

Nice To Haves

Associate's degree in a business-related field.
Technical/other training completion of a specialized course of study at a business or trade school or equivalent financial service industry experience.

Responsibilities

Underwriting residential mortgage loans to mitigate risk and meet all applicable Federal, State and NCUA regulations, as well as credit union, secondary market and investor guidelines, policies and procedures.
Performing activities related to credit decisions on loan requests for residential first mortgage loans including Jumbo, Portfolio, Construction-to-Permanent, HELOC, Denials, Withdrawals, and Condo Project Reviews.
Utilizing automated underwriting systems or manual underwriting guidelines.
Ensuring compliance with established Credit Union policies, guidelines, and regulatory requirements.
Utilizing a high degree of independence in problem solving and decision making.
Handling more complicated loans.
Maintaining acceptable quality scores and adhering to all service level agreement requirements.
Maintaining current knowledge of regulatory changes, external/internal compliance requirements and investor/portfolio guidelines.
Receiving training to ensure all guidelines are met.
Communicating effectively and professionally with all internal partners associated with the Mortgage process.
Providing training for Teammates, when necessary, acting as subject matter expert for the underwriting process, and providing support in reviewing policies and procedures.
Performing other job-related duties as assigned.