Mortgage Underwriter

Redwood Credit Union•Napa, CA

2d•$39 - $52•Onsite

About The Position

Redwood Credit Union is looking for a Mortgage Underwriter who will be responsible for making a decision after reviewing and analyzing residential mortgage loan applications in compliance with secondary market investors, including FNMA and portfolio guidelines and/or lending guidelines and policies. This role ensures sound credit decisions while balancing risk management with excellent customer service.

Requirements

Possess math and critical thinking skills.
Ability to build knowledge and understanding of all mortgage loan products offered by RCU.
Strong working knowledge of real estate principles, practices, rules, regulations, and sale practices.
Strong working knowledge of mortgage lending guidelines and credit analysis.
Experience underwriting conventional and portfolio loans.
Proficiency with LOS systems (e.g., Empower) and underwriting tools (DU).
Solid understanding of income calculations (W-2, self-employed, rental, Restricted Stocks, Asset depletion, retirement, etc.).
Strong analytical and risk assessment skills.
Excellent attention to detail and accuracy.
Ability to interpret complex financial documents.
Strong written and verbal communication skills.
Time management with the ability to meet deadlines in a fast-paced environment.
Possess sound judgment and decision-making capabilities.
Must have a collaborative mindset with loan operations teams.

Responsibilities

Complete a thorough review and analysis of mortgage loan files, including but not limited to credit, income, asset, appraisal, and title reports.
Determine borrower creditworthiness and ability to repay in accordance with agency, regulatory and underwriting guidelines (e.g., FNMA).
Issue underwriting decisions including approvals, conditional approvals, suspensions, and denials with clear, well-written conditions.
Ensure compliance with federal, state, and investor regulations (TRID, ECOA, Fair Lending, ATR/QM, etc.).
Communicate underwriting decisions and conditions effectively to loan officers, processors, and management.
Review and clear underwriting conditions prior to final approval and funding.
Identify potential fraud, red flags, and layered risk factors and escalate as appropriate.
Maintain quality, accuracy, and thorough documentation in the loan file.
Meet production, quality, and turnaround time standards.
Participate in quality control, audits, and workflow improvement initiatives as needed.
Recognize and evaluate the loan process and recommend changes that will help maintain maximum efficiency.
Review all denied loans and recommend alternative solutions when appropriate.
Identify ways to increase engagement of the borrower and make recommendations for cross-sell opportunities.
Ensure confidentiality and safeguard sensitive Member financial information.
Perform special projects and duties as assigned.

Benefits

Competitive medical, dental, and vision insurance, mental health offerings
Employee performance incentive plan
Salary Advancement– Merit increase based on performance
401(k) program with employer match
Time Off- Competitive PTO accrual plus 11 paid company holidays and your birthday off!
RCU employees are eligible for a .75% discount off RCU standard collateral auto loans
RCU employees are eligible for a 1% discount on all recreational or boat loan products
2% discount off Visas and LOC Loans through RCU
0% interest loan to support employees with various immigration related expenses such as visa application fees and relocation costs. Loan amount up to $1,000.
0% interest loan to support employees with expenses associated with the naturalization process. Loan amount up to $15,000.
0% interest on garment, fitness, or home office equipment loan of up to $500
100% financing for employee purchased homes!