HYBRID Mortgage Underwriter

TEKsystems

6d•$19 - $36•Hybrid

About The Position

TEKsystems is seeking qualified candidates to be considered for several Mortgage Equity Underwriter positions with a local Fortune 100 Credit Union! This will be a Hybrid position, requiring at least 3 days per week in office in either Pensacola, FL, Winchester, VA, or Vienna, VA Schedule: Monday - Friday, 8:00AM - 4:30PM Basic Purpose: To evaluate and underwrite all Equity loans offered by the Credit Union according to specific state and federal requirements to limit the risk exposure to the Credit Union mortgage portfolio. To analyze required loan documentation and information presented in the mortgage loan request, to condition and make appropriate loan decisions based on the acceptability of the credit risk using established guidelines of the Credit Union, secondary market loan investors, and applicable state and government regulations. Work on assignments requiring judgement in resolving issues or making recommendations. Identifies key issues and patterns. Takes a broad perspective to solve problems. Works under minimal supervision.

Requirements

Moderate (minimum 3 years) mortgage underwriting experience
Demonstrated in-depth knowledge of underwriting principles, secondary market (FNMA and FHLMC) and/or government (FHA/VA) guidelines, and relevant regulatory requirements
Strong organization skills and ability to handle multiple tasks simultaneously with a high degree of accuracy in a high volume, fast paced environment
Strong verbal, written, and interpersonal communication skills to include experience counseling, negotiating, or explaining decisions to members and vendors

Responsibilities

Analyze mortgage loan information on loan documents such as income, assets, and credit criteria to confirm loan eligibility based on company, local, and federal guidelines as well as adherence to investor requirement with or without independent scoring systems
Analyze exceptions and rejections; recommend alternative mortgage products that could bring the loan within guidelines
Analyze self-employed borrower income documentation
Approve equity loans and authorize loan disbursements based on a complete analysis of submitted documentation and applicable rules and regulations
Determine the acceptability and marketability of the real estate property to ensure there is sufficient collateral to secure the loan
Prepare and present counter-offers on marginal loans; prepare adverse action (loan disapproval) notifications, with awareness of the compliance provisions of the regulatory agencies
Work closely and collaboratively with loan originator and processor to ensure all appropriate data and required documentation is obtained
Review/understand effects of contracts related to real estate, such as age restrictions, HOAs, etc.
Maintain current knowledge of all equity products and any changes to guidelines by credit union, investor, or government agencies that impact the processing of mortgage loan products
Assists in the ongoing maintenance of online underwriting manuals
Exercises judgment and discretion to analyze and solve more complex or unusual problems; assesses issues; may modify processes and procedures and develop alternate courses of action to complete work