Mortgage Underwriter

FreeStar Financial Credit Union•Sterling Heights, MI

4d•$55,000 - $60,000•Hybrid

About The Position

FreeStar Financial Credit Union is looking for a dynamic Mortgage Lending Underwriter. This role involves analyzing and underwriting loans to assist the credit union in fulfilling its mission by analyzing member's financial information for the purpose of determining qualifying status for mortgage loans. The underwriter will also interview and answer questions concerning loans and rates, and collate, review, and verify loan documents necessary for the transaction.

Requirements

High School Diploma or equivalent.
Minimum of three to five years of similar or related experience in the financial industry.
Must have knowledge of various federal regulations and the responsibilities relating to each act of the following: Right to Financial Privacy Act, Regulation C (Home Mortgage Disclosure Act - HMDA), Regulation CC (Funds Availability), Regulation ZZ (Truth in Lending), Bank Secrecy Act (BSA).

Nice To Haves

Knowledge of various federal regulations and the responsibilities relating to each act of the following: Right to Financial Privacy Act, Regulation C (Home Mortgage Disclosure Act - HMDA), Regulation CC (Funds Availability), Regulation ZZ (Truth in Lending), Bank Secrecy Act (BSA).

Responsibilities

Underwrite mortgage loan applications and evaluate loans in order to maximize organizational profit and minimize risk or loss.
Complete a thorough analysis of mortgage loan files to determine compliance with agency, company, and investor guidelines to ensure the salability of closed loans.
Review and analyze submitted files and documents.
Create and maintain an effective mortgage training program which includes training mortgage loan originators as well as other lending team members on their respective lending duties.
Frequently act as Consumer Lending decision maker/underwriter.
Act as the subject matter expert for Veterans Administration (VA) loans.
Maintain Credit Union service level and turn-time standards.
Maintain working knowledge of agency and investor guidelines and policies.
Accurately review a member's financial information to calculate their gross monthly income.
Have a detailed understanding of how to calculate self-employment income.
Ability to process Mortgage applications including closings pursuant to the SAFE Act requirements.
Monitor property and appraisal processes.
Assess risks to determine approval status.
Review title commitments for outstanding liens or other possible issues.